Multifunctional coaxial monofilaments were successfully produced by melt-spinning several polymer composites in a single-step. The external layer of the monofilaments was a thermochromic composite having a color-transition at 40 °C (above the ambient temperature) in order to avoid control interferences by the external temperature. The core layer of the monofilaments was a conductive polymer nanocomposite whose resistive heating properties were used to control the monofilament's temperature and therefore its color using electrical current. The careful selection of the materials and adequate formulation allowed to obtain a trilayer structure with enhanced compatibility between the layers. The mechanical properties of the monofilaments were improved by a solid-state stretching step while also decreasing their diameter. A 64 cm(2) prototype fabric was woven to characterize the resistive-heating and color-changing properties of the monofilaments. Exceptional thermal output levels were reached, with a temperature rising up to over 100 °C at voltages above 110 V. The reversible color change properties were also successfully demonstrated.