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Off market
    • Zillow Home logoZestimate®
    $209,400

    1047 Prospect Ave SE, Grand Rapids, MI 49507

    4beds
    2baths
    1,700sqft
    MultiFamily
    Built in 1890
    -- sqft lot
    $209,400 Zestimate®
    $123/sqft
    $1,478 Estimated rent

    Home value

    $209,400

    $186,000 - $230,000

    $1,478/mo

    Zestimate® history
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    $1,444/mo

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    What's special

    Fully occupied two unit rental property. Both have two bedrooms. Downstairs unit has a dining and living room Lower unit paying $750, Upper unit paying $625. Two stall garage rented to upstairs unit for $50 extra rent per month. Recently went through the Grand Rapids City Certification which is good through 2026. A year ago it went through the Grand Rapids City ''Get the Lead out'' program with a grant to removal all lead, so it has new replacement windows in the lower unit. Both Tenants are on Section 8 and are month to month.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced air, Electric, Gas
    Cooling
    • None
    Features
    • Basement: Michigan Basement
    Interior area
    • Total interior livable area: 1,700 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    Features
    • Exterior features: Vinyl
    • Frontage length: 61.50
    Lot
    • Size: 1,742 Square Feet
    • Features: Level, Sidewalk
    Details
    • Parcel number: 411431378039
    • Zoning: residential

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1890

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available, Phone Connected, Water Available, Cable Connected, Sewer Available, Storm Sewer, Telephone Line

    Community & HOA

    Location
    • Region: Grand Rapids

    Financial & listing details

    • Price per square foot: $123/sqft
    • Tax assessed value: $214,000
    • Annual tax amount: $3,650
    • Total actual rent: 1375
    • Tenant pays: Electricity, Gas, Trash Collection

    Price history

    DateEventPrice
    10/28/2020Sold$120,000-7.7%$71/sqft
    Source: MichRIC #20029263 Report a problem
    10/7/2020Pending sale$130,000$76/sqft
    Source: Century 21 Affiliated (GR) #20029263 Report a problem
    9/9/2020Price change$130,000-7.1%$76/sqft
    Source: Century 21 Affiliated (GR) #20029263 Report a problem
    7/24/2020Listed for sale$140,000+418.5%$82/sqft
    Source: Century 21 Affiliated (GR) #20029263 Report a problem
    4/18/2014Sold$27,000-28.8%$16/sqft
    Source: MichRIC #13057110 Report a problem
    3/21/2014Price change$37,900-5%$22/sqft
    Source: Brooks Real Estate Group #13035590 Report a problem
    2/14/2014Price change$39,900-11.1%$23/sqft
    Source: Brooks Real Estate Group #13035590 Report a problem
    1/29/2014Price change$44,900+12.5%$26/sqft
    Source: Brooks Real Estate Group #13035590 Report a problem
    1/24/2014Price change$39,900-11.1%$23/sqft
    Source: Brooks Real Estate Group #13035590 Report a problem
    10/11/2013Price change$44,900-10%$26/sqft
    Source: Brooks Real Estate Group #13035590 Report a problem
    8/16/2013Price change$49,900-9.1%$29/sqft
    Source: Brooks Real Estate Group #13035590 Report a problem
    6/18/2013Listed for sale$54,900$32/sqft
    Source: Brooks Real Estate Group #13035590 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$3,650 +2.7%$107,000 +3.7%
    2025$3,555 $103,200 +15.3%
    2024-- $89,500 +48.7%
    2021$1,671 $60,200 +14.2%
    2020$1,671 +3.2%$52,700 +19.2%
    2019$1,620 $44,200 +20.4%
    2018-- $36,700 +18.8%
    2017$1,588 $30,900 +4.4%
    2016$1,588 $29,600
    2015$1,588 +4.9%$29,600 +4.6%
    2013$1,513 $28,300 -15%
    2011-- $33,300 -8.5%
    2010-- $36,400 -11.2%
    2009-- $41,000 +40.4%
    2007-- $29,200 +100.5%
    2006-- $14,562 +3.7%
    2005-- $14,043 +3.3%
    2004-- $13,595 +6.2%
    2002-- $12,800 +3.2%
    2001-- $12,404
    Find assessor info on the county website

    Neighborhood: South East Community

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Grand Rapids

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $209,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $209,400

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