For Sale
940 Monroe Avenue NW 503, Grand Rapids, MI 49503
$475,000
MLS # 26021575 (Michigan Regional Information Center (MichRIC))
2 beds1 bath1,437 sqftBuilt 18920 acres
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Listing Description
Top-floor living in the highly desirable Boardwalk Condominiums in the heart of downtown Grand Rapids. This move-in ready 2 bed, 1 bath condo blends historic character with modern updates, featuring exposed brick, beamed ceilings, oversized windows and abundant natural light with peaceful courtyard views from the 5th floor. Updated carpet and custom Norman blinds installed in 2026. Kitchen includes Sub-Zero refrigerator drawers and Aga stove. Spacious primary bedroom with large walk-in closet plus a unique sitting room converted from a historic elevator shaft. In-unit laundry and 2 garage parking spaces conveniently located near the entrance. Amenities include rooftop deck, heated pool, year-round jacuzzi, clubhouse, courtyard, 24-hour security, restaurants and dry cleaning. Located along the riverfront near Canal Park, coffee shops, restaurants and downtown attractions in the thriving Monroe North district.
Source: SparkMLS
About this home
This 2-bedroom, 1-bath, 1,437 sq ft home built in 1892 sits in Grand Rapids in Grand Rapids.
Asking $475,000 (about $331/sq ft).
Annual property taxes run approximately $5,902 ($492/month). 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 SubtypeCondominium
Bedrooms2
Bathrooms1
Living Area1,437 sqft
Year Built1892
Stories1
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleHistoric
ConstructionBrick
BasementOther
Garage2 spaces
HeatingHeat Pump
WaterPublic
SewerPublic
InteriorCenter Island
Sale & Financing
Listed5/11/2026
Original Price$495,000
Terms AcceptedCash, VA Loan, Conventional
HOA
HOA Fee$547 / Monthly
IncludesWater, Trash, Snow Removal
Source: SparkMLS
Tax Information
Annual Tax$5,902
Tax Year2026
State Equalized Value$223,700
Taxable Value$181,165
Assessed Value$181,165
Parcel #411324285230
Source: Public Records
Legal Description
411324285230 UNIT 230 * BOARDWALK CONDOMINIUMS KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.823 INSTRUMENT NO.20060428-0048899 AS AMENDED BY REPLAT NO.1 INSTRUMENT NO.20060919-0103267 & AS AMENDED BY REPLAT NO.2 INSTRUMENT NO.20071226-0120097 & AS AME NDED BY REPLAT NO.2 INSTRUMENT NO. 20080226-0016507 & AS AMENDED BY REPLAT NO.3 INSTRUMENT NO.20080714-0065135 & AS AMENDED BY REPLAT NO.4 INSTRUMENT
Property Records
FEMA Flood Zone: Zone D — Undetermined flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Kyle Visser
ReSIDE Grand Rapids
Frequently Asked Questions about 940 Monroe Avenue NW 503, Grand Rapids, MI 49503
What school district is 940 Monroe Avenue NW 503, Grand Rapids, MI 49503 in?
Per MLS# 26021575, this property is served by Grand Rapids. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26021575, the seller has indicated this property accepts the following financing types: Cash, VA Loan, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26021575, the most recent reported annual property tax for 940 Monroe Avenue NW 503, Grand Rapids, MI 49503 is $5,902 (2026). 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.
Is 940 Monroe Avenue NW 503, Grand Rapids, MI 49503 eligible for USDA financing?
Per USDA Rural Development boundary data, 940 Monroe Avenue NW 503, 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 940 Monroe Avenue NW 503, Grand Rapids, MI 49503 is in flood zone D (moderate risk). 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.
Who are the utility providers for this property?
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.
How safe is 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.
Map
Mortgage Calculator
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Monthly payment$3,628
Principal & interest$3,081
HOA$547
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
940 Monroe Avenue NW 503, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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