60 Prospect Avenue NE, Grand Rapids, MI 49503

$1,425,000
Property Type: Multi Family Lot Size (sq. ft.): 25,352 Status: Pending
Current Price: $1,425,000 List Date: 9/07/2025 Last Modified: 10/23/2025

Description

A grand and majestic historical home in Heritage Hill set on a well manicured half acre parcel. Originally built in 1897 by Albert Stickley of the Grand Rapids based Stickley Furniture offering a street presence unmatched by other homes. This 6 unit has two amazing main floor units that would be a perfect for an owner occupant. The excellent rental history is equally effective as a long term investment as well. A new concrete drive and 4 stall garage, ample off street parking. Magnificent fireplaces in 4 units, 2 attached covered porches . Hardwood floors, high ceilings, Intricate plaster details, dramatic bay windows are just a few of the amenities. A short distance to downtown and the medical mile. Electric is separately metered and two furnace heat the home. Call for an income/expense package. Listing agent is related to owner and owners are licensed realtors. Out of respect for tenants - Showings on Wednesdays only.

More Information MLS# 25045824

Location & Property Info

Cross Streets: Prospect and Fulton Property Sub-Type: 5+ Units Municipality: City of Grand Rapids

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 193.3

General Property Info

New Construction: No Lot Dimensions: 132 X 195 X 132 X 195 Road Frontage: 132 Cert of Compliance: Yes Waterfront: No Basement: Yes Total # Units: 6 # of Diff Unit Floor Plans: 6 Total # Bldgs: 1 Total Approx. SqFt All Bldgs: 7372 Total Parking Spaces: 9 School District: Grand Rapids Elementary School: Fountain Elementary School Lot Measurement: Acres Lot Square Footage: 25352 Lot Acres: 0.58 Year Built: 1897

Tax Info

Taxable Value: 464305 SEV: 505600 For Tax Year: 2025 Seller's Annual Property Tax: 23945 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: 0 Zoning: commercial Tax ID #: 41-14-30-185-003

Remarks & Misc

Public Remarks: A grand and majestic historical home in Heritage Hill set on a well manicured half acre parcel. Originally built in 1897 by Albert Stickley of the Grand Rapids based Stickley Furniture offering a street presence unmatched by other homes. This 6 unit has two amazing main floor units that would be a perfect for an owner occupant. The excellent rental history is equally effective as a long term investment as well. A new concrete drive and 4 stall garage, ample off street parking. Magnificent fireplaces in 4 units, 2 attached covered porches . Hardwood floors, high ceilings, Intricate plaster details, dramatic bay windows are just a few of the amenities. A short distance to downtown and the medical mile. Electric is separately metered and two furnace heat the home. Call for an income/expense package. Listing agent is related to owner and owners are licensed realtors. Out of respect for tenants - Showings on Wednesdays only. Legal: LOT 3 BLK 5 & N 30 FT OF LOT 4 BLK 5 & S 26 FT OF LOT 2 BLK 5* KENDALL S ADDITION

Waterfront Options

Water Access Y/N: No

Lot Description

Sidewalk: 1

Income and Expenses

Annual Insurance: 4641 Annual Maintenance: 4070 Annual Utilities: 7695 Gross Op. Inc.: 120360 Net Operating Income: 103126 Operating Expense: 17234

Street Type

Public: 1

Util Avail at Street

None: 1

Utilities Attached

Cable Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1

Laundry Features

Common Area: 1 Gas Dryer Hookup: 1 In Unit: 1 Lower Level: 1

Exterior Material

Brick: 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

Electric: 1

Driveway

Concrete: 1

Substructure

Full: 1

Extras

Garages: 1

Owner Pays

Gas: 1 Sewer: 1 Trash Collection: 1 Water: 1

Unit 1

Unit #: 1 Unit Description: North Main floor SqFt: 1650 Occupied: Yes Monthly Rent: 1750 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Deck/Patio: 1 Dishwasher: 1 Fireplace: 1 Garage: 1 Garb Disp: 1 Range Oven: 1 Refrigerator: 1

Unit 2

Unit #: 1 Unit Description: South Main floor SqFt: 1822 Occupied: Yes Monthly Rent: 2130 Bedrooms: 3 Bathrooms: 1 Full Baths: 1

Unit 3

Unit #: 2 Unit Description: North 2nd floor SqFt: 1200 Occupied: Yes Monthly Rent: 1800 Bedrooms: 2 Bathrooms: 2 Full Baths: 1 Half Baths: 1

Unit 4

Unit #: 2 Unit Description: South 2nd floor SqFt: 1200 Occupied: Yes Monthly Rent: 1700 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 5

Unit #: 3 Unit Description: North 3rd Floor SqFt: 750 Occupied: Yes Monthly Rent: 1300 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 6

Unit #: 3 Unit Description: South 3rd floor SqFt: 750 Occupied: Yes Monthly Rent: 1250 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Possession

Close Of Escrow: 1

Location Property Info

County: Kent Street #: 60 Street Name: Prospect Suffix: Avenue Post Direction: NE State: MI Zip Code: 49503 Area: Grand Rapids - G

OfficeContract Info

Status: Pending Current Price: $1,425,000 List Price: $1,425,000 Listing Date: 2025-09-07

Remarks Misc

Directions: Fulton street to Prospect NE, turn north on Prospect, home is 2nd one on East Side of the street

Status Change Info

Under Contract Date: 2025-10-17

Property Features

Laundry Features: Common Area; Gas Dryer Hookup; In Unit; Lower Level Exterior Material: Brick Roofing: Composition Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected Util Avail at Street: None Extras: Garages Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Forced Air Driveway: Concrete Street Type: Public Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Deck/Patio; Dishwasher; Fireplace; Garage; Garb Disp; Range Oven; Refrigerator
Listing Office: Coldwell Banker Schmidt Realtors
Listing Agent: Kathleen N Wynsma
IDX
Last Updated: October - 23 - 2025
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