Property Type:
Multi Family
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$225,000
List Date:
12/01/2025
Last Modified:
12/01/2025
1040 Madison Avenue SE, Grand Rapids, MI 49507
New Listing
$225,000
Description
Updated and extra roomy 3 bedroom home, currently setup as 2 one bedroom apartments. Kitchenette in 3rd bedroom can be utilized for a savvy house-hacking individual or converted back to a bedroom. This home has all the space you need- large kitchen, dining room, main floor laundry, lots of parking and closet space plus 2 full baths!
More Information MLS# 25058497
Location & Property Info
Cross Streets: MLK and Madison
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 43x142
Road Frontage: 43
Cert of Compliance: No
Waterfront: No
Basement: Yes
Total # Units: 8
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 6
School District: Grand Rapids
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 6098
Lot Acres: 0.14
Year Built: 1900
Tax Info
Taxable Value: 70600
SEV: 70600
For Tax Year: 2024
Seller's Annual Property Tax: 2431.34
Tax Year: 2024
Homestead %: 100
Spec Assessment & Ty: None
Zoning: RES
Tax ID #: 41-14-31-451-003
Remarks & Misc
Public Remarks: Updated and extra roomy 3 bedroom home, currently setup as 2 one bedroom apartments. Kitchenette in 3rd bedroom can be utilized for a savvy house-hacking individual or converted back to a bedroom. This home has all the space you need- large kitchen, dining room, main floor laundry, lots of parking and closet space plus 2 full baths!
Legal: PART OF LOT 2 COM AT THE SW COR SD LOT TH N 43 FT E 100 FT N 1 FT E 42.7 FT S 44 FT TH W 142.7 FT TO BEG* FRALICK & WORDEN S ADDITION
Lot Description
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
MSHDA: 1
Laundry Features
Main Level: 1
Exterior Material
Aluminum Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Paved: 1
Substructure
Michigan Basement: 1
Owner Pays
None: 1
Unit 1
Unit Description: 1st Floor
SqFt: 975
Occupied: Yes
Monthly Rent: 0
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2nd Floor
SqFt: 438
Occupied: Yes
Monthly Rent: 0
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 0
SqFt: 0
Occupied: No
Monthly Rent: 0
Unit 4
Unit Description: 0[
SqFt: 0
Occupied: No
Monthly Rent: 0
Unit 5
Unit Description: 0
SqFt: 0
Occupied: No
Monthly Rent: 0
Unit 6
Unit Description: 0
SqFt: 0
Occupied: No
Monthly Rent: 0
Unit 7
Unit Description: 0
SqFt: 0
Occupied: No
Monthly Rent: 0
Unit 8
Unit Description: 0
SqFt: 0
Occupied: No
Monthly Rent: 0
Possession
Close Plus 30 Days: 1
Location Property Info
County: Kent
Street #: 1040
Street Name: Madison
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49507
Zip (4): 1282
Area: Grand Rapids - G
OfficeContract Info
Status: Active
Current Price: $225,000
List Price: $225,000
Listing Date: 2025-11-14
Property Features
Laundry Features: Main Level
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet
Owner Pays: None
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional; MSHDA
Possession: Close Plus 30 Days
Sale Conditions: None
Listing Office:
616 Realty LLC
Listing Agent:
Catherine J Conklin
Last Updated: December - 01 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
