1040 Madison Ave SE Grand Rapids, MI 49507
Madison Area NeighborhoodEstimated payment $1,389/month
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Bed
--
Bath
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Sq Ft
--
Price per Sq Ft
Highlights
- No HOA
- Forced Air Heating System
- High Speed Internet
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,431
Year Built
- Built in 1900
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 43x142
Home Design
- Composition Roof
- Aluminum Siding
Parking
- 6 Parking Spaces
- Paved Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- High Speed Internet
- Cable TV Available
Additional Features
- Laundry on main level
- Michigan Basement
Community Details
- No Home Owners Association
- 8 Units
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $2,239 | $79,000 | $0 | $0 |
| 2024 | $2,239 | $70,600 | $0 | $0 |
| 2023 | $538 | $69,500 | $0 | $0 |
| 2022 | $699 | $58,100 | $0 | $0 |
| 2021 | $499 | $47,300 | $0 | $0 |
| 2020 | $477 | $41,700 | $0 | $0 |
| 2019 | $500 | $33,100 | $0 | $0 |
| 2018 | $710 | $26,800 | $0 | $0 |
| 2017 | $709 | $22,400 | $0 | $0 |
| 2016 | $727 | $21,500 | $0 | $0 |
| 2015 | $705 | $21,500 | $0 | $0 |
| 2013 | -- | $24,000 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $225,000 | +60.7% | $159 / Sq Ft | |
| 06/07/2023 06/07/23 | Sold | $140,000 | +0.1% | $99 / Sq Ft | View Prior Sale |
| 05/03/2023 05/03/23 | Pending | -- | -- | -- | |
| 04/24/2023 04/24/23 | For Sale | $139,900 | 0.0% | $99 / Sq Ft | |
| 04/15/2023 04/15/23 | Pending | -- | -- | -- | |
| 04/10/2023 04/10/23 | For Sale | $139,900 | 0.0% | $99 / Sq Ft | |
| 03/20/2023 03/20/23 | Pending | -- | -- | -- | |
| 03/14/2023 03/14/23 | For Sale | $139,900 | +16.6% | $99 / Sq Ft | |
| 01/31/2023 01/31/23 | Sold | $120,000 | +4.3% | $85 / Sq Ft | View Prior Sale |
| 01/14/2023 01/14/23 | Pending | -- | -- | -- | |
| 01/13/2023 01/13/23 | For Sale | $115,000 | -- | $81 / Sq Ft |
Source: MichRIC
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $120,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
About the Listing Agent
Cat's Other Listings
Source: MichRIC
MLS Number: 25058497
APN: 41-14-31-451-003
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Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.
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