Welcome to 310 Colfax Ave, an exceptional 5-unit condominium complex thriving as a lucrative short-term rental, boasting nearly $200k a year in gross rental income. Located just off the enchanting shores of Lake Michigan.Immerse yourself in the charm of fully renovated turnkey units, seamlessly blending contemporary comforts with timeless elegance. Nestled in the heart of Michigan City, each residence boasts a unique and sought-after living experience. The property's prime location, combined with its flourishing short-term rental success, makes it an enticing investment opportunity.Embrace the allure of lakeside living where the beauty of Lake Michigan meets the convenience of modern amenities. Whether you're seeking an investment property or a unique lakeside retreat, this condominium complex offers a rare opportunity to experience the best of Michigan City living.Top floor includes three 1Bed 1Bath Units. Bottom Floor includes two 2Bed 1Bath units.
Closed
$1,050,000
310 Colfax Ave, Michigan City, IN 46360
7beds
2,808sqft
Apartment
Built in 1943
-- sqft lot
$-- Zestimate®
$374/sqft
$1,556 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: July 10, 2024 at 11:54am
Listed by:
Chad Gradowski,
Coldwell Banker Realty 269-469-3950,
Lane Moser,
Coldwell Banker Realty
Bought with:
Chad Gradowski, RB14032533
Coldwell Banker Realty
Source: NIRA,MLS#: 544188

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Features
- Elevator
Interior area
- Total structure area: 2,808
- Total interior livable area: 2,808 sqft
- Finished area above ground: 2,800
Property
Parking
- Parking features: None
Features
- Patio & porch: Deck, Patio
- Exterior features: Storage
Lot
- Size: 3,219 sqft
- Dimensions: 70 x 46
Details
- Parcel number: 460121303008000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Condition
- New construction: No
- Year built: 1943
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available, Sewer Available
Community & neighborhood
Location
- Region: Michigan City
- Subdivision: Sheridan Bch Park 04 Add/Michig
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional