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Sold
    • $275,000

    1007 Ionia Ave SW, Grand Rapids, MI 49507

    5beds
    2baths
    2,000sqft
    2 to 4 Units
    Built in 1906
    -- sqft lot
    $283,200 Zestimate®
    $138/sqft
    $1,428 Estimated rent

    Home value

    $283,200

    $263,000 - $303,000

    $1,428/mo

    Zestimate® history
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    $1,428/mo

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    $1,730/mo

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    What's special

    Fenced-in yardPlenty of off-street parkingShared laundrySpacious layouts
    Opportunity knocks on Ionia Ave SW! Whether you're looking to house hack or expand your investment portfolio, this fully rented duplex offers solid income and flexibility in a convenient GR location. The lower unit is 3/1, upper unit is a 2/1, with both units providing spacious layouts and strong rental appeal at $3100 total monthly rent! Both units have been incrementally updated during the seller's ownership, and the home is professionally managed by Neighbors Development, offering a smooth and hands-off transition for the next owner. This property offers shared laundry, a fenced-in yard, plenty of off-street parking, and is conveniently located near downtown Grand Rapids, major highways, and local parks—making it a smart and attractive investment. Ask listing agent for financials.

    Zillow last checked:

    Listing updated:

    Listed by:

    Emily Anderson 269-639-5013,

    Greenridge Realty South Haven

    Bought with:

    Deb Wheeler, 6501293839

    Five Star Real Estate (M6)

    Source: MichRIC,MLS#: 25024691MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Basement: Michigan Basement
    Interior area
    • Total interior livable area: 2,000 sqft

    Property

    Lot
    • Size: 5,662 Square Feet
    • Dimensions: 44*132
    Details
    • Parcel number: 411336476047

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Vinyl Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1906

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

    Community & HOA

    Location
    • Region: Grand Rapids

    Financial & listing details

    • Price per square foot: $138/sqft
    • Tax assessed value: $82,976
    • Annual tax amount: $4,173
    • Date on market: 5/28/2025
    • Listing terms: Cash,Conventional,Tax Def Exchange
    • Tenant pays: None
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/22/2025Sold$275,000+1.9%$138/sqft
    Source: MichRIC #25024691 Report a problem
    6/6/2025Pending sale$270,000$135/sqft
    Source: MichRIC #25024691 Report a problem
    5/28/2025Listed for sale$270,000+50.1%$135/sqft
    Source: MichRIC #25024691 Report a problem
    9/30/2021Sold$179,900$90/sqft
    Source: Public Record Report a problem
    8/10/2021Pending sale$179,900$90/sqft
    Source: RE/MAX of Michigan #21099034 Report a problem
    8/6/2021Listed for sale$179,900+349.8%$90/sqft
    Source: RE/MAX of Michigan #21099034 Report a problem
    9/17/2014Sold$40,000+207.7%$20/sqft
    Source: Public Record Report a problem
    4/8/2014Listing removed$750
    Source: Paradigm Property Management Report a problem
    2/15/2014Listed for rent$750
    Source: Paradigm Property Management Report a problem
    9/26/2012Sold$13,000$7/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,174 $109,000 +10.4%
    2024-- $98,700 +49.8%
    2021$1,716 $65,900 +19%
    2020$1,716 +3.2%$55,400 +20.4%
    2019$1,664 $46,000 +24.3%
    2018-- $37,000 +19.7%
    2017$1,631 $30,900 +1.6%
    2016$1,631 $30,400
    2015$1,631 +5%$30,400 -0.3%
    2013$1,554 $30,500 -24.3%
    2011-- $40,300 -0.7%
    2010-- $40,600 -12.1%
    2009-- $46,200 +57.7%
    2007-- $29,300 +134%
    2006-- $12,519 +3.7%
    2005-- $12,073 +3.3%
    2004-- $11,688 +6.2%
    2002-- $11,005 +3.2%
    2001-- $10,664
    Find assessor info on the county website

    Neighborhood: South East Community

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    Estimated market value
    $283,200
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    Estimated market value
    $283,200

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