For Sale
543 Leonard Street NE, Grand Rapids, MI 49503
$250,000
MLS # 26027089 (Michigan Regional Information Center (MichRIC))
4 beds2 baths1,124 sqftBuilt 18900.19 acres
1 / 23
Listing Description
4 bedroom 1.5 bath house, with a massive yard, just a short distance to down town, you will not want to sleep on this home! The large lot provides plenty of room for outdoor enjoyment, gardening, or the future addition of a garage. A 6ft privacy fence with a gated driveway creates a secluded backyard retreat. Extensively updated in 2023, improvements include new windows, siding, front porch, interior paint, kitchen cabinetry, stainless steel appliances, plumbing, flooring, bathroom fixtures, doors, locks, gutters, downspouts, and a washer/dryer hookup, and a brand new boiler. The upper level has been enhanced with a convenient half bath and dedicated office/craft room, adding valuable functional living space. Outside of being a great home for an owner occupant this property has great potential as a rental! Schedule a showing before it is too late!
Source: SparkMLS
About this home
4-bedroom, 2-bath, 1,124 sq ft home in Grand Rapids in Grand Rapids built in 1890.
Asking $250,000 (about $222/sq ft).
Estimated annual property tax: $2,808, or about $234 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area1,124 sqft
Lot Size0.19 acres
Year Built1890
Stories2
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleFarmhouse
ConstructionVinyl Siding
BasementCrawl Space, Michigan Basement
HeatingHot Water, Radiant
WaterPublic
SewerPublic
Sale & Financing
Listed6/23/2026
Original Price$254,000
Terms AcceptedCash, FHA, VA Loan, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,808
Tax Year2025
State Equalized Value$93,600
Taxable Value$86,188
Assessed Value$83,923
Parcel #411418463023
Source: Public Records
Legal Description
E 65 FT OF LOT 16 BLK 34* STEWART & IVES ADDITION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Connor Anderson
ReSIDE Grand Rapids
Frequently Asked Questions about 543 Leonard Street NE, Grand Rapids, MI 49503
Which school district serves 543 Leonard Street NE, Grand Rapids, MI 49503?
Per MLS# 26027089, 543 Leonard Street NE, Grand Rapids, MI 49503 is in the Grand Rapids boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Grand Rapids directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26027089, this listing accepts Cash, FHA, VA Loan, MSHDA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 543 Leonard Street NE, Grand Rapids, MI 49503?
Per public tax records, annual property taxes for this property are $2,808 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 543 Leonard Street NE, Grand Rapids, MI 49503 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 543 Leonard Street NE, Grand Rapids, MI 49503 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 543 Leonard Street NE, Grand Rapids, MI 49503?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the City of Grand Rapids police department or the Kent County sheriff's office.
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Monthly payment$1,621
Principal & interest$1,621
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
543 Leonard Street NE, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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