$225,000
1040 Madison Avenue SE
Grand Rapids, MI 49507
MLS# 25058497



1040 Madison Avenue SE, Grand Rapids, MI 49507
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Open House (12/20/2025 - 10:00 am - 12:00 pm)

Property Description
At least one local lender is offering a $15,000 grant with the purchase of this home. Seller is offering a home warranty with purchase as well. 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!

Details
Maps
Location Property Info
County: Kent
Street #: 1040
Street Name: Madison
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49507
Zip (4): 1282
Area: Grand Rapids - G
OfficeContract Info
Status: Active
Current Price: $225,000
List Price: $225,000
Listing Date: 2025-11-14
General Property Info
Lot Measurement: Acres
Lot Square Footage: 6098
Lot Acres: 0.14
Lot Dimensions: 43x142
Year Built: 1900
New Construction: No
Cert of Compliance: No
Road Frontage: 43
Total # Units: 8
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 6
Waterfront: No
School District: Grand Rapids
Association YN: No
Tax Info
Tax ID #: 41-14-31-451-003
Taxable Value: 70600
SEV: 70600
For Tax Year: 2024
Seller's Annual Property Tax: 2431.34
Tax Year: 2024
Homestead %: 100
Spec Assessment & Ty: None
Zoning: RES
Access Feat
Accessibility Features: No
Unit 1
Unit Description: 1st Floor
SqFt: 975
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2nd Floor
SqFt: 438
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Occupied: No
Unit 4
Unit Description: 0[
Occupied: No
Unit 5
Occupied: No
Unit 6
Occupied: No
Unit 7
Occupied: No
Unit 8
Occupied: No
Property Features
Laundry Features: Main Level
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet
Owner Pays: None
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional; MSHDA
Possession: Close Plus 30 Days
Sale Conditions: None

Listing Office: 616 Realty LLC

Listing Agent: Catherine Conklin

Last Updated: December - 15 - 2025

1040 Madison Avenue SE, Grand Rapids, MI 49507 - MLS# 25058497

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