320 Charles Ave SE Grand Rapids, MI 49503
East Hills NeighborhoodEstimated payment $2,697/month
Highlights
- 1 Fireplace
- Forced Air Heating and Cooling System
- Wood Siding
- Window Unit Cooling System
- High Speed Internet
- 3-minute walk to Cherry Park
About This Home
Located in the heart of Grand Rapids' Historic Cherry Hill/Wealthy Street Business District, this classic owner-occupied duplex blends timeless character with urban convenience. Just minutes from four major hospitals and WMU's downtown campus, it's ideal for both investors and owner-occupants. Each 2-bed, 1-bath unit features tall ceilings, original wood trim, large windows, and charming stained glass accents. A spacious front porch, rare off-street parking, in-unit laundry and a deep backyard add even more value. The upstairs unit is currently rented below market, offering future upside, while the vacant downstairs unit could lease for $1,600-$1,800/month. Strong location, historic charm, and income potential all in one. wanting to offset your mortgage, this duplex offers flexible potential in one of the city's most desirable districts. This home has been lovingly cared for by the owner and has a strong rental history.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,198
Year Built
- Built in 1880
Lot Details
- 5,532 Sq Ft Lot
- Lot Dimensions are 42 x 132
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 1 Fireplace
- Basement
- Michigan Basement
- Laundry in unit
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Window Unit Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Window Unit Heating System
- Natural Gas Connected
- Private Water Source
- High Speed Internet
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for water
Map
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 | $4,005 | $225,800 | $0 | $0 |
| 2024 | $4,005 | $202,500 | $0 | $0 |
| 2023 | $4,008 | $167,400 | $0 | $0 |
| 2022 | $3,807 | $152,300 | $0 | $0 |
| 2021 | $3,715 | $143,700 | $0 | $0 |
| 2020 | $3,575 | $138,800 | $0 | $0 |
| 2019 | $3,318 | $117,300 | $0 | $0 |
| 2018 | $3,318 | $98,400 | $0 | $0 |
| 2017 | $3,234 | $73,400 | $0 | $0 |
| 2016 | $3,259 | $67,400 | $0 | $0 |
| 2015 | $2,918 | $67,400 | $0 | $0 |
| 2013 | -- | $55,300 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Price Changed | $425,000 | -9.4% | -- |
| 07/26/2025 07/26/25 | Price Changed | $469,000 | -6.0% | -- |
| 07/16/2025 07/16/25 | For Sale | $499,000 | +244.1% | -- |
| 07/14/2015 07/14/15 | For Sale | $145,000 | 0.0% | -- |
| 07/09/2015 07/09/15 | Sold | $145,000 | -- | -- |
| 03/28/2015 03/28/15 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $145,000 | None Available | |
| Warranty Deed | $27,000 | -- | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $14,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $16,449 | FHA | |
| Open | $147,384 | FHA | |
| Closed | $150,012 | FHA |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25035004
APN: 41-14-30-482-023
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