For Sale
940 Monroe Avenue NW 552, Grand Rapids, MI 49503
$624,900
MLS # 26020907 (Michigan Regional Information Center (MichRIC))
3 beds2 baths2,044 sqftBuilt 18920 acres
1 / 45
Listing Description
A truly rare offering in Downtown Grand Rapids--this expansive residence was thoughtfully created by combining two units into one, delivering a scale and layout that is nearly impossible to find at Boardwalk Condominiums. Offering 3 bedrooms, 2 full baths, and over 2,000 square feet, the home blends historic character with refined updates. Exposed brick, dramatic wood-beamed ceilings, and oversized windows create a warm, architectural feel, while a granite-appointed kitchen with elevated serving space, stainless steel appliances, and upgraded lighting bring modern function into the space. Positioned on the quiet courtyard side of the building, this home offers a more private and peaceful setting--yet just beyond, your ''front yard'' is set to become the newly revitalized Canal Park, with a significant multi-million-dollar transformation underway along the riverfront. Two deeded, covered parking spaces--located on the same floor as the unit--provide a level of convenience rarely
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 2,044 sq ft home built in 1892 sits in Grand Rapids in Grand Rapids.
Currently offered at $624,900 (about $306/sq ft).
Annual property taxes run approximately $7,617 ($635/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
Bedrooms3
Bathrooms2
Living Area2,044 sqft
Year Built1892
Stories1
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleRanch
ConstructionBrick
BasementOther
Garage2 spaces
HeatingHeat Pump
WaterPublic
SewerPublic
UtilitiesElectricity Available, Phone Connected, Cable Connected
InteriorCeiling Fan(s), Center Island, Eat-in Kitchen
Sale & Financing
Listed5/14/2026
Original Price$639,900
Terms AcceptedCash, Conventional
HOA
HOA Fee$807 / Monthly
IncludesWater, Trash, Snow Removal, Sewer, Lawn/Yard Care, Heat
Source: SparkMLS
Tax Information
Annual Tax$7,617
Tax Year2025
State Equalized Value$170,500
Taxable Value$154,675
Assessed Value$236,000
Parcel #411324285225
Source: Public Records
Legal Description
Unit 225 and 271 of Boardwalk Condominiums
Property Records
FEMA Flood Zone: Zone D — Undetermined flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Margaux Drake
Keller Williams GR North
Frequently Asked Questions about 940 Monroe Avenue NW 552, Grand Rapids, MI 49503
Which school district serves 940 Monroe Avenue NW 552, Grand Rapids, MI 49503?
Per MLS# 26020907, 940 Monroe Avenue NW 552, 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 552, Grand Rapids, MI 49503?
Per MLS# 26020907, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 940 Monroe Avenue NW 552, Grand Rapids, MI 49503?
Per public tax records, annual property taxes for this property are $7,617 (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, 940 Monroe Avenue NW 552, 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 552, 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 552, 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$4,860
Principal & interest$4,053
HOA$807
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 552, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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