$465,500
240 Lyon Street NE
Grand Rapids, MI 49503
MLS# 21100187
Status: Sold



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Property Description
A rare find in Grand Rapids historic ''Heritage Hill'' district. A large beautiful, historic, updated 4 unit home. Spacious 2-2 bedroom units & 2-1 bedroom units. All with full baths & shared laundry facilities. Tall up to 10'+ ceilings & 4 off street parking sites. A dream location with just a few minutes walk to Spectrum Health Medical Mile, GVSU, MI State Univ, Medical building, GRCC, downtown GR, Martha's Vineyard, Restaurants, etc! Live car free with bus service nearby. Extra storage in basement & attic. City Certificate of Compliance til 6.25.25. Well maintained with 4 new furnaces, water heaters & roof in 2014. Don't miss this investment opportunity. ALL OFFERS TO BE REVIEWED ON Friday 8/20 AT 6:00 PM

Details
Maps
Location & Property Info
Cross Streets: Claremont and Lafayette
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 60 x 100
Financial Available: No
Road Frontage: 60
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2025-07-01
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 6011
Lot Acres: 0.14
Year Built: 1867
Tax Info
Taxable Value: 159200
SEV: 159200
For Tax Year: 2021
Seller's Annual Property Tax: 4555
Tax Year: 2021
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: MULTI
Tax ID #: 41-14-30-177-004
Remarks & Misc
Public Remarks: A rare find in Grand Rapids historic ''Heritage Hill'' district. A large beautiful, historic, updated 4 unit home. Spacious 2-2 bedroom units & 2-1 bedroom units. All with full baths & shared laundry facilities. Tall up to 10'+ ceilings & 4 off street parking sites. A dream location with just a few minutes walk to Spectrum Health Medical Mile, GVSU, MI State Univ, Medical building, GRCC, downtown GR, Martha's Vineyard, Restaurants, etc! Live car free with bus service nearby. Extra storage in basement & attic. City Certificate of Compliance til 6.25.25. Well maintained with 4 new furnaces, water heaters & roof in 2014. Don't miss this investment opportunity. ALL OFFERS TO BE REVIEWED ON Friday 8/20 AT 6:00 PM
Legal: E 60 FT OF N 100 FT OF LOT 6 BLK 8* KENDALL S ADDITION
Lot Description
Wooded: 1
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Concrete: 1
Substructure
Michigan Basement: 1
Partial: 1
Extras
Laundry Facility: 1
Tenant Storage: 1
Owner Pays
None: 1
Unit 1
Unit #: 1
Unit Description: LR,Kit,Br,BA
SqFt: 759
Occupied: Yes
Monthly Rent: 585
Bedrooms: 1
Bathrooms: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 2
Unit Description: LR,Kit,BR,BA
SqFt: 532
Occupied: Yes
Monthly Rent: 755
Bedrooms: 1
Bathrooms: 1
Unit 3
Unit Description: LR,Kit,2BR, BA,
SqFt: 620
Occupied: Yes
Monthly Rent: 975
Bedrooms: 2
Bathrooms: 1
Sep. Heat System: 1
Unit 4
Unit #: 4
Unit Description: LR,Kit, 2BR, BA
SqFt: 824
Occupied: Yes
Monthly Rent: 995
Bedrooms: 2
Bathrooms: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 240
Street Name: Lyon
Suffix: Street
Post Direction: NE
State: MI
Zip Code: 49503
OfficeContract Info
Status: Sold
Current Price: $465,500
List Price: $450,000
Listing Date: 2021-08-12
Remarks Misc
Directions: South on Lafayette. East on Lyon
Status Change Info
Under Contract Date: 2021-08-22
Sold Date: 2021-09-17
Sold Price: $465,500
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Michigan Basement; Partial
Lot Description: Wooded
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Laundry Facility; Tenant Storage
Owner Pays: None
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Concrete
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Sep. Heat System
Unit 3: Sep. Heat System

IDX
Listing Office: Dykstra Real Estate LLC
Listing Agent: Steven C Dykstra

Last Updated: March - 20 - 2026

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