$270,000

1007 Ionia Ave SW Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated payment $1,781/month

Total Views 851
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • High Speed Internet
  • Window Unit Cooling System
  • Laundry Facilities

About This Home

Opportunity knocks on Ionia Ave SW! Whether you're looking to house hack or expand your investment portfolio, this fully rented duplex offers solid income and flexibility in a convenient GR location.The lower unit is 3/1, upper unit is a 2/1, with both units providing spacious layouts and strong rental appeal at $3100 total monthly rent!Both units have been incrementally updated during the seller's ownership, and the home is professionally managed by Neighbors Development, offering a smooth and hands-off transition for the next owner.This property offers shared laundry, a fenced-in yard, plenty of off-street parking, and is conveniently located near downtown Grand Rapids, major highways, and local parks—making it a smart and attractive investment.Ask listing agent for financials.

Last Listed By

Emily Anderson

Greenridge Realty South Haven License #6501420468 Listed on: 05/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,173

Year Built

  • Built in 1906

Lot Details

  • 5,793 Sq Ft Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

Building Details

  • Manager Expense $3,091
  • Gross Income $31,444

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,173

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Broadband
  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 270000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 44*132
  • Lot Size Sq Ft: 5793.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Gross Income: 31443.9
  • Manager Expense: 3091.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4173.0
  • Tax Year: 2025

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,015 $98,700 $0 $0
2023 $3,983 $87,900 $0 $0
2022 $3,785 $73,000 $0 $0
2021 $1,734 $65,900 $0 $0
2020 $1,676 $55,400 $0 $0
2019 $1,716 $46,000 $0 $0
2018 $1,664 $37,000 $0 $0
2017 $1,623 $30,900 $0 $0
2016 $1,631 $30,400 $0 $0
2015 $1,554 $30,400 $0 $0
2013 -- $30,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $270,000 +50.1% --
09/17/2021 09/17/21 Sold $179,900 0.0% --
08/09/2021 08/09/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $179,900 +349.8% --
09/16/2014 09/16/14 Sold $40,000 -19.8% --
09/08/2014 09/08/14 Pending -- -- --
08/22/2014 08/22/14 For Sale $49,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $179,900 Chicago Title
Warranty Deed $40,000 Chicago Title
Warranty Deed $13,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed $5,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $134,925 New Conventional
Previous Owner $49,400 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25024691

Southwestern Michigan Association of REALTORS®

APN: 41-13-36-476-047

Michigan Kent County Grand Rapids 49507 Southeast Community Association

1007 Ionia Ave SW, Grand Rapids, MI

This home is located at 1007 Ionia Ave SW, Grand Rapids, MI 49507 and is currently priced at $270,000. This property was built in 1906. 1007 Ionia Ave SW is a home located in Kent County with nearby schools including Southwest Community Campus School, Burton Middle School, and Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes
Emily Anderson
Listing Agent
Emily Anderson
Section Image
Greenridge Realty South Haven
(616) 636-1652