Sold

$400,000

550 Madison Ave SE, Grand Rapids, MI 49503

5beds

2,358sqft

Single Family Residence

Built in 1910

9,583 Square Feet Lot

$485,500 Zestimate^®

$170/sqft

$2,791 Estimated rent

Home value

$485,500

$456,000 - $519,000

$2,791/mo

Zestimate^® history

Owner options

List your home for rent

$2,791/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,791/mo

Rent Zestimate^®

Refinance and save

$2,540/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$2,540/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Amazing opportunity for rental income in this two flat well cared for home. This property is set up as an up and down duplex. There is a kitchen, living room, two bedrooms and entry way on the main level. Upstairs has a 2nd kitchen large dining area, a full bath, half bath and 3 bedrooms. Both units feature hardwood floors and beautiful historic detail. The property was zoned as a duplex until 2009 and could possibly be again. The city currently has it zoned as a SFR and you could have a roommate live in their very own living space on a different floor if you didn't want to apply for it to become a 2 unit again - please verify with the GR planning commission on the process for doing this. The exterior was painted this year, newer roof and both furnaces are new in the past 2 years

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Main level bedrooms: 2

Heating

Forced Air

Appliances

Included: Dishwasher, Dryer, Oven, Refrigerator, Washer
Laundry: In Basement

Features

Ceiling Fan(s), Eat-in Kitchen
Flooring: Ceramic Tile, Wood
Basement: Full,Michigan Basement
Number of fireplaces: 2
Fireplace features: Living Room

Interior area

Total structure area: 2,358
Total interior livable area: 2,358 sqft
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Stories: 2
Exterior features: Balcony

Lot

Size: 9,583 Square Feet
Dimensions: 71 x 132
Features: Sidewalk

Details

Parcel number: 411431205012
Zoning description: Res

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Wood Siding
Roof: Shingle

Condition

New construction: No
Year built: 1910

Utilities & green energy

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

Community & HOA

Community

Subdivision: Heritage Hill

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $170/sqft
Tax assessed value: $94,231
Annual tax amount: $3,173
Date on market: 11/28/2023
Listing terms: Cash,FHA,VA Loan,Conventional
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
10/14/2024	Listing removed	$1,750$1/sqft
Source: Zillow Rentals Report a problem
1/30/2024	Listing removed	--
Source: Zillow Rentals Report a problem
1/23/2024	Listed for rent	$1,750+25%$1/sqft
Source: Zillow Rentals Report a problem
12/29/2023	Sold	$400,000+5.3%$170/sqft
Source: MichRIC #23139280 Report a problem
12/2/2023	Pending sale	$379,900$161/sqft
Source: MichRIC #23139280 Report a problem
11/28/2023	Listed for sale	$379,900$161/sqft
Source: MichRIC #23139280 Report a problem
10/23/2023	Pending sale	$379,900$161/sqft
Source: MichRIC #23139280 Report a problem
10/20/2023	Listed for sale	$379,900+304.1%$161/sqft
Source: MichRIC #23139280 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
10/11/2017	Listing removed	$1,400$1/sqft
Source: Owner Report a problem
9/18/2017	Listed for rent	$1,400$1/sqft
Source: Owner Report a problem
5/29/2009	Sold	$94,000-57.3%$40/sqft
Source: Public Record Report a problem
8/22/2007	Sold	$220,000-42.1%$93/sqft
Source: Public Record Report a problem
11/1/2006	Sold	$380,000+85.4%$161/sqft
Source: Public Record Report a problem
5/26/2006	Sold	$205,000+43.2%$87/sqft
Source: Public Record Report a problem
3/25/2004	Sold	$143,163$61/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,557	$188,700 +14.4%
2024	--	$165,000 +33.6%
2021	$3,106	$123,500 +6.3%
2020	$3,106 +3.6%	$116,200 +20.3%
2019	$3,000	$96,600 +3.4%
2018	--	$93,400 +9.4%
2017	$2,709	$85,400 +9.3%
2016	$2,709	$78,100
2015	$2,709 +7.5%	$78,100 +5.4%
2013	$2,520	$74,100 -8.4%
2011	--	$80,900 -2.5%
2010	--	$83,000 -3.4%
2009	--	$85,900 -9.6%
2007	--	$95,000 -2%
2006	--	$96,900 +2%
2005	--	$95,000 -13.9%
2004	--	$110,400 +54.7%
2002	--	$71,356 +3.2%
2001	--	$69,144