Sold

Street View

$240,000

1047 Madison Ave SE, Grand Rapids, MI 49507

4beds

2baths

1,737sqft

2 to 4 Units

Built in 1915

-- sqft lot

$270,100 Zestimate^®

$138/sqft

$1,506 Estimated rent

Home value

$270,100

$254,000 - $286,000

$1,506/mo

Zestimate^® history

Owner options

List your home for rent

$1,506/mo

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$1,506/mo

Rent Zestimate^®

Refinance and save

$1,616/mo

Est. payment

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$1,616/mo

Est. payment

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What's special

Replacement windowsVinyl siding

All offers due Monday by 5pm. Great cash flowing, city certified duplex with split utilities. Vinyl siding, replacement windows, updated. $2400/M in rent. Lower unit currently vacant.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Features

Basement: Full

Interior area

Total interior livable area: 1,737 sqft

Property

Parking

Total spaces: 3
Parking features: Paved

Accessibility

Accessibility features: Accessible Approach with Ramp

Lot

Size: 5,227 Square Feet
Dimensions: 45 x 120

Details

Parcel number: 411431379040
Zoning description: Res Inc

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1915

Utilities & green energy

Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $138/sqft
Tax assessed value: $40,421
Annual tax amount: $1,996
Date on market: 7/5/2023
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
9/18/2023	Sold	$240,000+4.3%$138/sqft
Source: MichRIC #23023352 Report a problem
7/11/2023	Pending sale	$230,000$132/sqft
Source: MichRIC #23023352 Report a problem
7/5/2023	Listed for sale	$230,000+194.9%$132/sqft
Source: MichRIC #23023352 Report a problem
12/5/2016	Sold	$78,000-2.4%$45/sqft
Source: Public Record Report a problem
10/24/2016	Listed for sale	$79,900$46/sqft
Source: Compass Realty Services #16037465 Report a problem
8/29/2016	Listing removed	$79,900$46/sqft
Source: Compass Realty Services #16037465 Report a problem
7/21/2016	Listed for sale	$79,900+280.5%$46/sqft
Source: Compass Realty Services #16037465 Report a problem
1/7/2014	Sold	$21,000-33.3%$12/sqft
Source: Public Record Report a problem
8/13/2012	Sold	$31,500$18/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,624	$105,400 +16.5%
2024	--	$90,500 +49.3%
2021	$1,925	$60,600 +17%
2020	$1,925 +3.2%	$51,800 +19.6%
2019	$1,866	$43,300 +20.6%
2018	--	$35,900 +19.3%
2017	$874	$30,100 +84.7%
2016	$874	$16,300
2015	$874 +4.9%	$16,300 -33.5%
2013	$833	$24,500 -19.9%
2011	--	$30,600 -8.7%
2010	--	$33,500 -11.4%
2009	--	$37,800 +70.3%
2007	--	$22,200 +30.3%
2006	--	$17,037 +3.7%
2005	--	$16,430 +3.3%
2004	--	$15,906 +66.2%
2002	--	$9,570 +3.2%
2001	--	$9,274