1040 Madison Avenue SE Grand Rapids, MI ^$ 225,000

1040 Madison Avenue SE

^$ 225,000

Back to search

1040 Madison Avenue SE

Grand Rapids, MI, 49507

^$ 225,000

Studio Baths0.0

Monthly Estimate*

^$ 1,404

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 1

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 2

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 3

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 4

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 5

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 6

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 7

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 8

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 9

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 10

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 11

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 12

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 13

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 14

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 15

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 16

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 17

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 18

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 19

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 20

1040 Madison Avenue SE, Grand Rapids, MI 49507 - Image 21

Studio

Multi-Family Home for sale in Grand Rapids, MI

for $225,000. This home was built in 1900 on a lot size of 0.14.

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!

Multi-Family Active

Price

^$ 225,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,431

Style

2 to 4 Units

Lot Size

0.14

Year Built

1900

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

25058497

Features

General

Heating Forced Air

Utilities Electricity Available Cable Available Natural Gas Connected

Possession Close Plus 30 Days

Roof Composition

Construction Materials Aluminum Siding

Year Built 1900

Tenant Pays None

Township City of Grand Rapids

Property Subtype 2 to 4 Units

Tax Year 2024

County Kent

New Construction N

Property Type Multi Family

Attached Garage N

Status Active

City Grand Rapids

High School District Grand Rapids

Zoning Description RES

Number Of Units Total 8

MLS Area Grand Rapids - G

Lot Size Units Acres

Lot Size Square Feet 6098.0

Listing Terms MSHDA Cash Conventional

Land Lease Y/N N

Tax Annual Amount 2431.34

Lease Renewal Y/N N

MLS Area Minor Grand Rapids - G

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 70600

Legal Description 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

Senior Community None

Interior

Basement Michigan Basement

Basement (Y/N) Y

Heating Y/N Y

Laundry Features Main Level

Total Baths 0

Exterior

Parking Features Paved

Lot Features Sidewalk

Total Parking 6.0

Lot Size Area 0.14

Number of Buildings 1

Spa N

Lot Dimensions 43x142

Lot Size Acres 0.14

Road Surface Type Paved

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1040

* Excluded Features

List By

616 Realty Llc

Broker

cat@homesgr.com

Affordability Calculator

$1,606

Per Month

Monthly Principal & Interest: $1,404
Monthly Property Taxes: $203
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$543,111

Percent of Sale Price 141%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

250213 Elementary School

249218 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/14/2025	$225,000		Listed Price

Map

More homes like this one

homes for you

See all

1040 Madison Avenue SE, Grand Rapids, MI, 49507 is a Multi-Family Home for sale at $225,000 with a lot size of 0.14. 1040 Madison Avenue SE is a studio with 0.0 baths and was built in 1900. The property's zip code is 49507 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 12/10/2025.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1040 Madison Avenue SE

Multi-Family Home for sale in Grand Rapids, MI

Affordability Calculator

Map

More homes like this one

Get more info about this home