For Sale
940 Monroe Avenue NW 531, Grand Rapids, MI 49503
$209,900
MLS # 26019325 (Michigan Regional Information Center (MichRIC))
0 beds1 bath550 sqftBuilt 18920 acres
1 / 37
Listing Description
Perched on the top floor, this desirable studio condo is truly the largest studio available and offers a perfect blend of character, comfort, and modern urban living. Featuring brand-new carpet and fresh paint throughout, the space is move-in ready and filled with natural light accentuated by impressive 12'6'' beamed ceilings and striking historic brick details. An elevated loft area adds versatility and charm, while the full kitchen is equipped with sleek stainless steel appliances and in-unit washer and dryer for everyday convenience. Located within the sought-after Boardwalk Condos, this residence delivers an unmatched downtown lifestyle. Residents enjoy an exceptional array of amenities, including 24-hour security, a stylish club room, a serene forest courtyard shaded by majestic trees, and a resort-style courtyard complete with a heated pool and year-round jacuzzi. A sprawling 600+ square foot community rooftop deck provides the perfect space for relaxing or entertaining.
Source: SparkMLS
About this home
Located in Grand Rapids in Grand Rapids, this property offers 1-bath, 550 sq ft, with original construction dating to 1892.
Currently offered at $209,900 (about $382/sq ft).
Property tax estimate: $3,556 per year ($296/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
Bedrooms0
Bathrooms1
Living Area550 sqft
Year Built1892
Stories1
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleRanch
ConstructionBrick
BasementSlab
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesPhone Connected, Cable Connected, High-Speed Internet
Sale & Financing
Listed4/30/2026
Original Price$219,900
Terms AcceptedOther, Cash, FHA, Conventional
HOA
HOA Fee$283 / Monthly
IncludesOther, Water, Trash, Snow Removal, Sewer, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$3,556
Tax Year2026
State Equalized Value$98,100
Taxable Value$70,718
Assessed Value$70,718
Parcel #411324285261
Source: Public Records
Legal Description
411324285261 UNIT 261 * 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 Arija Wilcox
Keller Williams GR North
Frequently Asked Questions about 940 Monroe Avenue NW 531, Grand Rapids, MI 49503
Which school district serves 940 Monroe Avenue NW 531, Grand Rapids, MI 49503?
Per MLS# 26019325, 940 Monroe Avenue NW 531, 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.
What financing options are available for 940 Monroe Avenue NW 531, Grand Rapids, MI 49503?
Per MLS# 26019325, this listing accepts Other, Cash, FHA, 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 940 Monroe Avenue NW 531, Grand Rapids, MI 49503?
Per public tax records, annual property taxes for this property are $3,556 (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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 940 Monroe Avenue NW 531, 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 940 Monroe Avenue NW 531, Grand Rapids, MI 49503 in a flood zone?
Per FEMA flood maps, this property is designated as Zone D, a moderate-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 940 Monroe Avenue NW 531, 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.
Map
Mortgage Calculator
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Monthly payment$1,644
Principal & interest$1,361
HOA$283
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 531, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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