745 Prospect Avenue SE, Grand Rapids, MI 49503 (MLS# 26042512)

745 Prospect Avenue SE, Grand Rapids, MI 49503

$298,900

Property Type: Multi Family Lot Size (sq. ft.): 4,400 Status: Active

Current Price: $298,900 List Date: 8/13/2026 Last Modified: 10/30/2026

Overview

Description

Welcome Home! Lovely two unit investment property located in South Hill just outside Heritage Hill. Conveniently located near downtown GR happenings, restaurants and pubs on Wealthy Street, Trinity Health and easy access to expressways and bus lines. Offering solid potential for income diversification. Could be ideal owner occupied as upper unit is currently vacant. Property offers loads of old world character and charm all the way through. Main floor with 2 bedrooms, wood flooring, high 10' ceilings, ornate wood work, spacious foyer, french doors and fireplace. Upper level with 3 bedrooms, high ceilings, wood flooring, nice wood work & trim, transom window, access to unfinished 3rd floor attic. All appliances remain including double washer & dryers. Basement offers separate locked storage areas & separate laundry area for each unit. City Certified thru 5/21/30. New roof 2024, many newer windows, 2 newer water heaters, ext was painted 3 years ago. Quaint rear yard. Hurry! SEE SUPPLEMEN

Supplements: Seller is offering a 10k buyer concession towards repairs or closing costs. Main floor tenant has occupied the unit for 6 years. All showings must lock doors, please contact Agent 616-293-5269 for further instructions. Please show lower/occupied unit first. If you are running behind schedule please contact tenant asap, contact info in ShowingTime. ... (Read more)

Listing Details MLS# 26042512

Location Property Info

County: Kent
Street #: 745
Street Name: Prospect
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503

General Property Info

Lot Measurement: Acres
Lot Square Footage: 4400
Lot Acres: 0.1
Lot Dimensions: 44x100
Year Built: 1900
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2030-05-21
Road Frontage: 44
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2665
Waterfront: No
School District: Grand Rapids
Association YN: No

Tax Info

Tax ID #: 41143118203
Taxable Value: 43855
SEV: 153400
For Tax Year: 2025
Seller's Annual Property Tax: 2311.74
Tax Year: 2026
Spec Assessment & Ty: N/A
Zoning: Res

Remarks Misc

Directions: Corner of Franklin and Prospect

Access Feat

Accessibility Features: No

More Information

Income and Expenses

Annual Insurance: 2665
Annual Utilities: 1704

Unit 1

Unit #: Yes
Unit Description: Lower
SqFt: 1367
Occupied: Yes
Monthly Rent: 1120
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: Upper
SqFt: 1298
Occupied: No
Monthly Rent: 1550
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: Common Area; In Basement; Laundry Room; See Remarks Exterior Material: Wood Siding Roofing: Composition Substructure: Full; Walk-Out Access Lot Description: Corner Lot; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Laundry Facility; Sep Electric Meter; Sep Gas Meter; Sep Water Meter; Tenant Storage Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Paved Street Type: Paved Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Fireplace; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 2: Dishwasher; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer

Listing Office: Pro Real Estate Services LLC

Listing Agent: Aurelia R Becker

Last Updated: October - 30 - 2026

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