For Sale
940 Monroe Avenue NW 545, Grand Rapids, MI 49503
$225,000
MLS # 26012539 (Michigan Regional Information Center (MichRIC))
0 beds1 bath531 sqftBuilt 18920 acres
1 / 20
Listing Description
Welcome to Boardwalk Condominiums, where downtown Grand Rapids is your everyday backdrop. This loft condo brings the perfect mix of modern style and easy living, with soaring ceilings, oversized windows, and an open layout that just works. Natural light floods the space, giving it that bright, airy feel buyers are looking for, while the clean finishes keep it feeling fresh and move-in ready. Whether it's coffee at home or cocktails before heading out, this place fits your lifestyle without trying too hard. And the location? You're right in the middle of it all. Restaurants, breweries, river walks, events... it's all outside your door. No long drives. No missing out. Low maintenance. High energy. Exactly where you want to be.
Source: SparkMLS
About this home
1-bath, 531 sq ft home in Grand Rapids in Grand Rapids built in 1892.
Asking $225,000 (about $424/sq ft).
Annual property taxes run approximately $2,520 ($210/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 Area531 sqft
Year Built1892
Stories1
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleHistoric
ConstructionBrick
BasementOther
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
InteriorElevator
Sale & Financing
Listed3/29/2026
Terms AcceptedCash, FHA, VA Loan, Conventional
HOA
HOA Fee$271 / Monthly
IncludesWater, Trash, Snow Removal, Sewer, Lawn/Yard Care, Heat
Source: SparkMLS
Tax Information
Annual Tax$2,520
Tax Year2025
State Equalized Value$90,600
Taxable Value$82,182
Assessed Value$80,022
Parcel #411324285211
Source: Public Records
Legal Description
411324285211 UNIT 211 * 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 AMENDED 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 Cathy A Hoppough
KW Rivertown Hoppough
Frequently Asked Questions about 940 Monroe Avenue NW 545, Grand Rapids, MI 49503
What school district is 940 Monroe Avenue NW 545, Grand Rapids, MI 49503 in?
Per MLS# 26012539, 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# 26012539, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26012539, the most recent reported annual property tax for 940 Monroe Avenue NW 545, Grand Rapids, MI 49503 is $2,520 (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.
Is 940 Monroe Avenue NW 545, Grand Rapids, MI 49503 eligible for USDA financing?
Per USDA Rural Development boundary data, 940 Monroe Avenue NW 545, 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 545, 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$1,730
Principal & interest$1,459
HOA$271
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 545, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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