940 Monroe Ave
Grand Rapids, MI 49503
2 bd 2 ba 1,515 sqft Built 1892 condos
Most recent sale
$475,000
May 16, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 2, 2026 | Sold | $525,000 | MichRic |
| May 16, 2022 | Sold | $475,000 | Public Record |
| May 12, 2022 | Sold | $475,000 | MichRic |
| Apr 21, 2022 | Listed | $399,900 | MLS #22013724 |
| Mar 7, 2018 | Sold | $320,000 | Public Record |
| Mar 2, 2018 | Sold | $320,000 | MichRic |
| Jan 11, 2018 | Listed | $325,000 | MLS #18001170 |
| May 6, 2014 | Listing removed | $1,800 | MichRic |
| Mar 31, 2014 | Listed for rent | $1,800 | MichRic |
| Jan 16, 2013 | Sold | $178,900 | Public Record |
| Dec 11, 2012 | Sold | $178,900 | MichRic |
| Oct 11, 2012 | Price changed | $192,500 | MichRic |
| Sep 5, 2012 | Price changed | $193,900 | MichRic |
| Aug 3, 2012 | Listed | $194,900 | MichRic |
| Jul 30, 2010 | Listing removed | $274,000 | GrandRapids |
| Jun 24, 2010 | Relisted | $274,000 | MLS #784865 |
| May 18, 2010 | Listing removed | $274,000 | GrandRapids |
| Mar 22, 2010 | Listed | $274,000 | MLS #784865 |
| May 22, 2007 | Sold | $299,547 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $244,400 | $7,214 |
| 2023 | — | — | $211,600 | $7,167 |
| 2022 | — | — | $190,000 | $5,711 |
| 2021 | — | — | $183,900 | $326 |
| 2020 | — | — | $175,300 | $5,662 |
| 2019 | — | — | $158,900 | $321 |
| 2018 | — | — | $158,900 | $4,810 |
| 2017 | — | — | $155,400 | $7,144 |
| 2016 | — | — | $150,300 | $6,938 |
| 2015 | — | — | $137,300 | $4,408 |
| 2014 | — | — | $131,700 | $4,298 |
| 2013 | — | — | $129,700 | $4,075 |
| 2012 | — | — | $131,800 | $6,529 |
| 2011 | — | — | $132,400 | $6,404 |
| 2009 | — | — | $140,900 | $6,799 |
| 2008 | — | — | $140,900 | $6,821 |
| 2007 | — | — | $72,000 | $3,392 |
Property facts
Year built
1892
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
1,515 sqft
Lot size
—
ZIP code
49503
City
Grand Rapids
Street
Monroe Ave
Coordinates
42.97949, -85.67158
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,273
Gross rental yield
5.74%
Implied cap rate
3.73%
Trend-extrapolated value
—
Frequently asked questions
When did 940 Monroe Ave last sell?
940 Monroe Ave most recently sold on May 16, 2022 for $475,000.
What is the current tax assessment for 940 Monroe Ave?
The most recent total assessment for 940 Monroe Ave (year 2025) is $244,400 with $7,214 in property tax.
How does 940 Monroe Ave's assessment compare to its last sale price?
The current assessment is 48.5% below the last sale price of $475,000.
When was 940 Monroe Ave built?
940 Monroe Ave was built in 1892.
How does 940 Monroe Ave compare to others on Monroe Ave?
We track 8 other properties on Monroe Ave. Browse the list under "Other properties on Monroe Ave" to compare beds, baths, and sale history.
What are the property facts for 940 Monroe Ave?
940 Monroe Ave is a 2 bed, 2 bath, 1,515 sqft condos.
Is 940 Monroe Ave a flip candidate?
No — 940 Monroe Ave does not appear in our flips dataset.
Is 940 Monroe Ave a tax-appeal candidate?
No — 940 Monroe Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.9%
Implied 1-yr
+7.5%
2026 Q3
$432.4K
2026 Q4
$439.7K
ZIP 49503 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Monroe Ave