$270,000

1007 Ionia Ave SW Grand Rapids, MI 49507

$3,206
Closing credit¹
0.1 acres
Multi-Family

Property details

About 1007 Ionia Ave SW

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.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingWindow Unit(s)
BasementYes
Lot size0.13 Acres
Year built1906
MLS #69025024691

Summary

  • Basement: Yes
  • Parking: None
  • Heating: Forced Air, Natural Gas
  • Cooling: Window Unit(s)
  • List Price: $270,000
  • Annual Tax Amount: $1,734
  • Tax Year: 2024
  • Directions: Division Avenue to Hall St (if coming from South) or Albany (if coming from north), to Ionia.
  • Year Built: 1906
  • Lot Size: 0.13 Acres
  • MLS Number: 69025024691
  • MLS Name: Southwestern Michigan Association of REALTORS
  • Office Name: Greenridge Realty South Haven
  • Office Phone: (269) 637-8555
  • Listing Agent: Emily Anderson

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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 10:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

1007 Ionia Ave SW, Grand Rapids, MI 49507 - victorian-style house with a porch

$270,000

1007 Ionia Ave SW

$3,206

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Sep 30, 2021
Home Sold
$179,900
Sep 17, 2014
Home Sold
$40,000
Sep 26, 2012
Home Sold
$13,000

Tax history

YearAssessmentProperty Tax
2024$98,700$1,734
2023$87,900$1,734
2022$73,000$1,734
2021$65,900$1,716
2020$55,400$1,716
2019$46,000$1,623
2018$37,000$1,631
2017$35,600$1,554

History based on county public records data.

Nearby schools

4

Southwest Community Campus School

Public District PK-6

0.6 mi

801 Oakland Ave SW

2

Cesar E Chavez Elementary School

Public District PK-5

0.7 mi

1205 Grandville Ave SW

8

Grand Rapids Child Discovery Center

Public Charter KG-5

0.8 mi

409 Lafayette Ave SE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $14,896. Most Grand Rapids, MI residents have annual incomes less than $<35k. Most families are single, with kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

78%
<35k
19%
35k-100k
2%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

39%
Single, No Kids
42%
Single, with Kids
4%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

33%
<11 yrs old
12%
12-17 yrs old
26%
18-34 yrs old
23%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Ross Dress For LessRoss Dress For Less
  • H&MH&M
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • Boston MarketBoston Market
  • White CastleWhite Castle

What do the neighbors drive?

  • NissanNissan
  • HondaHonda
  • KiaKia

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1007 Ionia Ave SW in Grand Rapids, MI and zip code 49507 in the South East Community Association neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 28, 2025 and is currently priced at $270,000.

In April 2025 more than 167 listings in Grand Rapids, MI were sold above the asking price. During the same period more than 57 listings were sold at asking price, while more than 94 were sold below. In April 2025 in Grand Rapids, MI there were 11.4% more homes for sale than in March. The median list price of listings available in April 2025 was $310,440, while the average time on the real estate market was 21 days.

From Rocket Homes Real Estate and based on county public records data.

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