Active

$625,000

557 Madison Ave SE, Grand Rapids, MI 49503

6beds

3,302sqft

$4,533/mo

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Single Family Residence

Built in 1915

6,534 Square Feet Lot

$599,700 Zestimate^®

$189/sqft

$-- HOA

What's special

Guest suiteHistoric charmRefinished hardwoodsSought-after primary ensuiteNew cabinetryGe appliances

Historic charm meets thoughtful updates in this Heritage Hill home, located near Wealthy Street amenities and less than a block from Pleasant Park! A unique feature is the main floor "studio apartment", with both interior and private exterior entrances, ideal as a guest suite and historically a successful Airbnb. The main home spans 3+ levels and includes a first floor office/bedroom. The remodeled 2023 kitchen features new cabinetry, quartzite, GE appliances, refinished hardwoods, and unlacquered brass hardware/fixtures. Upstairs are 4-5 bedrooms and 2 full baths, including a sought-after primary ensuite. The remodeled 2021 attic adds versatile living space (new electrical, flooring, drywall refinish). The basement provides ample storage w/ laundry, and access to the attached 1-stall garage, plus 2 off-street parking spaces. Enjoy the charming fenced backyard beneath an ivy-covered wall. Boiler (2013), pressure tank (2020), ext. paint (2020), and indirect water heater (2021).

9 days
2,582
297

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Main level bedrooms: 2

Heating

Radiant

Cooling

Window Unit(s)

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Laundry: In Basement, Sink

Features

Ceiling Fan(s), Guest Quarters
Flooring: Carpet, Engineered Hardwood, Tile, Wood
Windows: Storms, Screens, Window Treatments
Basement: Walk-Out Access
Number of fireplaces: 1
Fireplace features: Living Room, Wood Burning

Interior area

Total structure area: 3,302
Total interior livable area: 3,302 sqft
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Attached
Garage spaces: 1

Features

Stories: 3
Fencing: Full,Privacy

Lot

Size: 6,534 Square Feet
Dimensions: 43*147
Features: Shrubs/Hedges

Details

Parcel number: 411431135028
Zoning description: Res

Construction

Type & style

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

Materials

Wood Siding
Roof: Composition

Condition

New construction: No
Year built: 1915

Utilities & green energy

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

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $189/sqft
Tax assessed value: $221,916
Annual tax amount: $7,229
Date on market: 10/8/2026
Listing terms: Cash,VA Loan,Conventional
Electric utility on property: Yes

Estimated market value

$599,700

$570,000 - $630,000

$2,911/mo

Price history

Date	Event	Price
10/8/2026	Listed for sale	$625,000+62.3%$189/sqft
Source: MichRIC #26053715 Report a problem
5/1/2020	Sold	$385,000-3.7%$117/sqft
Source: MichRIC #20010311 Report a problem
3/17/2020	Listed for sale	$399,900+63.9%$121/sqft
Source: Five Star Real Estate (M6) #20010311 Report a problem
6/8/2015	Sold	$244,000-2.4%$74/sqft
Source: MichRIC #15017163 Report a problem
4/18/2015	Listed for sale	$249,900+13.6%$76/sqft
Source: Greenridge Realty (EGR) #15017163 Report a problem
10/31/2007	Sold	$220,000$67/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$7,229 +2.4%	$280,700 +0.4%
2025	$7,059	$279,700 +13.1%
2024	--	$247,300 +32.5%
2021	$4,385	$186,700 +5.8%
2020	$4,385 +3.5%	$176,400 +13.8%
2019	$4,237	$155,000 +15.3%
2018	--	$134,400 +21.4%
2017	$4,171	$110,700 +16.2%
2016	$4,171	$95,300
2015	$4,171 +37.3%	$95,300 +10.8%
2013	$3,037	$86,000 -15.8%
2011	--	$102,100 -4.4%
2010	--	$106,800 -2.5%
2009	--	$109,500 +47.8%
2007	--	$74,100 +61.3%
2006	--	$45,933 +3.7%
2005	--	$44,295 +3.3%
2004	--	$42,880 +6.2%
2002	--	$40,369 +3.2%
2001	--	$39,118