Property Type:
Multi Family
Lot Size (sq. ft.):
4,182
Status:
Pending
Current Price:
$376,000
List Date:
10/07/2025
Last Modified:
12/05/2025
556 Lyon Street NE, Grand Rapids, MI 49503
$376,000
Description
Welcome to a wonderful opportunity to be an owner occupant, living in the remodeled lower unit and having the renter upstairs paying your mortgage! Or, a purchaser can buy the property to rent out the top and bottom. The lower unit has an updated kitchen and bathroom, eating area, living room, 2 bedrooms, and laundry. The upper unit has a separate entrance with a kitchen, eating area, living room, laundry, full bath and 2 bedrooms. Other perks: Swanstone Shower from Williams Kitchens and Baths with a new Hansgrohe Shower System, close distance to many stores and restaurants, super close to medical mile and downtown Grand Rapids, and major highways. Call for your private showing today!
More Information MLS# 25051513
Location & Property Info
Cross Streets: College Ave & Lyon St.
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 47x89
Road Frontage: 47
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 2
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 4182
Lot Acres: 0.1
Year Built: 1880
Tax Info
Taxable Value: 44705
SEV: 137500
For Tax Year: 2025
Seller's Annual Property Tax: 2305.98
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: RES
Tax ID #: 41-14-30-252-025
Remarks & Misc
Public Remarks: Welcome to a wonderful opportunity to be an owner occupant, living in the remodeled lower unit and having the renter upstairs paying your mortgage! Or, a purchaser can buy the property to rent out the top and bottom. The lower unit has an updated kitchen and bathroom, eating area, living room, 2 bedrooms, and laundry. The upper unit has a separate entrance with a kitchen, eating area, living room, laundry, full bath and 2 bedrooms. Other perks: Swanstone Shower from Williams Kitchens and Baths with a new Hansgrohe Shower System, close distance to many stores and restaurants, super close to medical mile and downtown Grand Rapids, and major highways. Call for your private showing today!
Legal: E 47 FT OF N 89 FT OF LOT 6 * LYON ST SUB * OF PART OF COIT & CURTIS PARTITION PLAT
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Laundry Features
Main Level: 1
Upper Level: 1
Exterior Material
Shingle Siding: 1
Heat Source
Electric: 1
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Substructure
Full: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Lower
SqFt: 1206
Occupied: No
Monthly Rent: 1350
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Upper
SqFt: 996
Occupied: Yes
Monthly Rent: 1170
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Close Plus 30 Days: 1
Location Property Info
County: Kent
Street #: 556
Street Name: Lyon
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 3467
Area: Grand Rapids - G
OfficeContract Info
Status: Pending
Current Price: $376,000
List Price: $376,000
Listing Date: 2025-10-07
Remarks Misc
Directions: 196 To College, S To Lyon, E To Home.
Status Change Info
Under Contract Date: 2025-11-21
Property Features
Laundry Features: Main Level; Upper Level
Exterior Material: Shingle Siding
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Electric; Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air; Wall Unit(s)
Street Type: Paved; Public
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow; Close Plus 30 Days
Sale Conditions: None
Listing Office:
Independence Realty (Main)
Listing Agent:
Doug F Takens
Last Updated: December - 05 - 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.
