Cash flowing all brick 4 unit with split utilities. All identical 2 bed/1 bath units in good condition. New roof and replacement windows. $4000/M in rent.
Sold
$395,000
1054 Ionia Ave SW, Grand Rapids, MI 49507
7beds
4baths
3,776sqft
2 to 4 Units
Built in 1910
-- sqft lot
$426,000 Zestimate®
$105/sqft
$1,435 Estimated rent
Home value
$426,000
$400,000 - $452,000
$1,435/mo
Zestimate® history
Owner options
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$1,435/mo
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$1,435/mo
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$2,501/mo
Est. payment
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$2,501/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Allison V Koetsier 616-633-9445,
Compass Realty Services
Bought with:
Neil DeMeester
Bellabay Realty LLC
Angela J Worth, 6506048923
Source: MichRIC,MLS#: 23024690
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Full
Interior area
- Total interior livable area: 3,776 sqft
Property
Parking
- Total spaces: 3
Lot
- Size: 4,791 Square Feet
- Dimensions: 42 x 102
Details
- Parcel number: 411336478006
- Zoning description: Res Inc
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $60,133
- Annual tax amount: $2,969
- Date on market: 11/13/2023
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/15/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/26/2024 | Listed for rent | $1,000+29% |
Source: Zillow Rentals Report a problem | ||
| 1/24/2024 | Sold | $395,000-1.3%$105/sqft |
Source:  MichRIC #23024690 Report a problem | ||
| 11/19/2023 | Pending sale | $400,000$106/sqft |
Source: MichRIC #23024690 Report a problem | ||
| 11/13/2023 | Listed for sale | $400,000$106/sqft |
Source: MichRIC #23024690 Report a problem | ||
| 9/12/2023 | Pending sale | $400,000$106/sqft |
Source: MichRIC #23024690 Report a problem | ||
| 7/29/2023 | Listed for sale | $400,000$106/sqft |
Source: MichRIC #23024690 Report a problem | ||
| 7/25/2023 | Pending sale | $400,000$106/sqft |
Source: MichRIC #23024690 Report a problem | ||
| 7/13/2023 | Listed for sale | $400,000+196.3%$106/sqft |
Source: MichRIC #23024690 Report a problem | ||
| 8/2/2017 | Listing removed | $775 |
Source: Zillow Rental Network Report a problem | ||
| 7/11/2017 | Listed for rent | $775 |
Source: Zillow Rental Network Report a problem | ||
| 2/7/2017 | Sold | $135,000$36/sqft |
Source: Public Record Report a problem | ||
| 5/10/2006 | Sold | $135,000+3.8%$36/sqft |
Source: Public Record Report a problem | ||
| 8/2/2005 | Sold | $130,000+2.8%$34/sqft |
Source: Public Record Report a problem | ||
| 1/21/2004 | Sold | $126,500+5.4%$34/sqft |
Source: Public Record Report a problem | ||
| 11/1/2002 | Sold | $120,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,274 | $125,600 +6% |
| 2024 | -- | $118,500 +45.2% |
| 2021 | $3,051 | $81,600 +16.6% |
| 2020 | $3,051 +9.9% | $70,000 +16.7% |
| 2019 | $2,776 | $60,000 +14.5% |
| 2018 | -- | $52,400 +34.7% |
| 2017 | $1,744 | $38,900 +19.7% |
| 2016 | $1,744 | $32,500 |
| 2015 | $1,744 +4.9% | $32,500 +0.3% |
| 2013 | $1,661 | $32,400 -24.7% |
| 2011 | -- | $43,000 -0.7% |
| 2010 | -- | $43,300 -12.2% |
| 2009 | -- | $49,300 +5.8% |
| 2007 | -- | $46,600 |
| 2006 | -- | $46,600 +9.9% |
| 2005 | -- | $42,400 +10.1% |
| 2004 | -- | $38,500 +51.6% |
| 2002 | -- | $25,400 +42.3% |
| 2001 | -- | $17,853 |
Find assessor info on the county website
Neighborhood: South East Community
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Nearby schools
GreatSchools rating
- 5/10Southwest Community Campus SchoolGrades: PK-6Distance: 0.7 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 0.7 mi
- 2/10Burton Middle SchoolGrades: 6-8Distance: 1.3 mi
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Estimated market value
$426,000
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Estimated market value
$426,000
- Michigan
- Kent County
- Grand Rapids
- 49507
- South East Community
- 1054 Ionia Ave SW
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