Great investment opportunity with this Cherry Hill 5 unit property! All units are 1 bedroom/1 bathroom and bringing in a total of 6,985/month in rent. The property also offers amble off street parking! Conveniently located to Medical Mile, downtown Grand Rapids, shopping, nightlife, local coffee shops, and restaurants. Call today to set up a showing and add to your investment portfolio!
Active
$689,900
623 Cherry St SE, Grand Rapids, MI 49503
5beds
5baths
3,017sqft
5+ Units
Built in 1875
-- sqft lot
$656,600 Zestimate®
$229/sqft
$-- HOA
What's special
Off street parking
- 78 days
- 838
- 24
Zillow last checked:
Listing updated:
Listed by:
Lauren Karsten 616-690-8355,
Five Star Real Estate (Ada) 616-425-7600,
Kevin P Knoll 616-437-4219,
Five Star Real Estate (Grandv)
Source: MichRIC,MLS#: 26029645
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Forced Air
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 3,017 sqft
Property
Parking
- Total spaces: 4
Lot
- Size: 0.39 Acres
- Dimensions: 64 x 264
Details
- Parcel number: 411430432039
- Zoning description: RES
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1875
Utilities & green energy
- Utilities for property: Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $229/sqft
- Tax assessed value: $320,434
- Annual tax amount: $16,500
- Date on market: 6/16/2026
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
$656,600
$624,000 - $689,000
$2,254/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listing removed | $1,450 |
Source: Zillow Rentals Report a problem | ||
| 7/9/2026 | Listed for rent | $1,450+3.9% |
Source: Zillow Rentals Report a problem | ||
| 6/16/2026 | Listed for sale | $689,900$229/sqft |
Source:  MichRIC #26029645 Report a problem | ||
| 5/19/2026 | Listing removed | $689,900$229/sqft |
Source: MichRIC #25052945 Report a problem | ||
| 11/5/2025 | Pending sale | $689,900$229/sqft |
Source: MichRIC #25052945 Report a problem | ||
| 10/14/2025 | Listed for sale | $689,900+15%$229/sqft |
Source: MichRIC #25052945 Report a problem | ||
| 5/29/2025 | Listing removed | $1,395 |
Source: Zillow Rentals Report a problem | ||
| 3/12/2025 | Listed for rent | $1,395-2.1% |
Source: Zillow Rentals Report a problem | ||
| 8/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/12/2024 | Listed for rent | $1,425+10% |
Source: Zillow Rentals Report a problem | ||
| 12/12/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/5/2023 | Price change | $1,295-9.1% |
Source: Zillow Rentals Report a problem | ||
| 11/10/2023 | Listed for rent | $1,425+2.2% |
Source: Zillow Rentals Report a problem | ||
| 6/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/15/2023 | Listed for rent | $1,395+7.7% |
Source: Zillow Rentals Report a problem | ||
| 4/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/18/2023 | Price change | $1,295-7.2% |
Source: Zillow Rentals Report a problem | ||
| 3/22/2023 | Listed for rent | $1,395+69.1% |
Source: Zillow Rentals Report a problem | ||
| 6/13/2022 | Sold | $600,000$199/sqft |
Source: Public Record Report a problem | ||
| 4/7/2016 | Listing removed | $825 |
Source: Lighthouse Property Management LLC Report a problem | ||
| 2/19/2016 | Listed for rent | $825 |
Source: Lighthouse Property Management LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,118 | $321,100 -1.3% |
| 2024 | -- | $325,300 +107.7% |
| 2021 | $4,841 | $156,600 |
| 2020 | $4,841 +2.9% | $156,600 +50% |
| 2019 | $4,704 | $104,400 +9.1% |
| 2018 | -- | $95,700 +12.2% |
| 2017 | $4,268 | $85,300 +3.1% |
| 2016 | $4,268 | $82,700 |
| 2015 | $4,268 +5% | $82,700 +5.6% |
| 2013 | $4,067 | $78,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: East Hills
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