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1022 E Colfax Ave, South Bend, IN, 46617

4beds
2baths
2,122sqft
$375,000
$177price/sqft
$2,571/moest. monthly cost
$102,840/yrincome needed

About This Home

Rare mixed-use opportunity in South Bend's historic Colfax corridor. This spacious building sits within a Neighborhood Commercial (NC) zoning district, opening the door to residential, small-commercial, or blended live/work uses in a corridor experiencing active reinvestment. The property has already benefited from $90,000 inrenovations, fully completed — a head start most comparable listings in this price range can't match. Inside, the home retains beautiful original woodwork throughout, paired with generously sized rooms and classic period details rarely found at this price point. Located within a local historic district; exterior work is subject to design review. A standout opportunity for buyers who want character, space, and flexibility in one property. Are you an Investor? Own 1028 E Colfax and own the whole corner. Package Deal Available! See MLS Listing 202619873

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
79
BikeVery Bikeable

Schools

3/10
Nuner Fine Arts AcademyGrades PK-51.8 mi
4/10
5/10
Adams High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1870

Materials

  • Roof: Shingle,Dimensional Shingles
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Full,Block,Concrete

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 132

Features

  • Natural Woodwork
  • Flooring: Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,122

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,102
  • Total interior livable area: 2,122 sqft

Kitchen

  • Level: Main
  • Area: 176

Living Room

  • Level: Main
  • Area: 252

Property

Details

  • Parcel number: 710812233007.000026
  • Zoning description: mixed use / residential commercial

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Porch Covered

Lot

  • Lot size: 4,791 sqft
  • Features: 0-2.9999,City/Town/Suburb
  • Lot size dimensions: 45X103

Parking

  • Parking features: Concrete
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate

How This Home’s Risks Compare

Cold Wave
Hail

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,896$22,752
Home Insurance *$204$2,448
Property Taxes $277$3,324
Electricity $194$2,334
Total$2,571$30,852
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,148/yr
40% on housing$77,130/yr
45% on housing$68,560/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$177This listing

vs Other Active Listings

Avg $/sqft

ZIP 46617$251
St. Joseph County$162

vs Homes Sold Last Month

Median $/sqft

ZIP 46617$167
St. Joseph County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-12Listed for sale$375,000
2022-10-31Sold$80,000

For Sale by Agent

AgentTarah Sheteron
BrokerageCressy & Everett - South Bend

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