18

Ely, MN Homes for Sale under $200,000

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  • /28

    $129,000

    • 1 Bed
    • 280 Sq Ft

    4194 First Lake Rd, Ely, MN 55731

    Located 11 miles north of Ely, just off the renowned Echo Trail, this serene retreat spans 11.46 acres of stunning pink granite and towering century-old White Pines. Constructed in 2016, this 14 x 20 cabin is designed for year-round use, providing a perfect escape from city life and an ideal vantage point for observing the Northern Lights and the expansive northern sky. Nearby, walking access to

    Agent Photo

    Jerry Fink

    Canoe Capital Realty, LLC

    (218) 633-7755

    4194 First Lake Rd, Ely, MN 55731
  • /11

    $136,900

    • 2 Beds
    • 1 Bath
    • 1,158 Sq Ft

    1029 E White St, Ely, MN 55731

    IS ELY, MN YOUR DESTINATION OF CHOICE? Check out this cozy one level, featuring a full "unfinished" block basement, so you can utilize it as you wish, a main level with (2) adequate sized bedrooms, three quarter bath, an oversized dining room/kitchen combo and a large main entry. 150'x150' City lot provides lots of space for kids, pets and outdoor activities. It's mostly wooded, so not lots of

    Agent Photo

    Greg Hoffman

    Edina Realty, Inc.

    (218) 489-3938

    1029 E White St, Ely, MN 55731
  • /42

    $179,000

    • 2 Beds
    • 1.5 Baths
    • 1,012 Sq Ft

    1229 E Sheridan St, Ely, MN 55731

    The Blue Moose is an updated 2 Bedroom, 1 Bath home. Charming, well maintained, and located on Sheridan Street; Ely's main street. A Turnkey, licensed short term Airbnb rental, with growing and successful rental history. The home has generous front & back entries, wood accents, tin ceilings, laminate and wood flooring.New(er) items include: shingles on house and garage, painted garage, all

    Trish Bulinski Bear Island Realty LLC

    1229 E Sheridan St, Ely, MN 55731
  • /55

    $169,000

    • 3 Beds
    • 1 Bath
    • 1,275 Sq Ft

    85 W Chandler St, Ely, MN 55731

    Meticulously maintained 3-bedroom home with a serene country feel — right in town! Situated on nearly four city lots, this property offers an expansive backyard with abundant wildlife, mature tree cover, and space for large gardens. Inside, the main floor boasts a spacious, welcoming living room, an open-concept kitchen and dining area, convenient main-floor laundry, a full bathroom, and the

    Kate Davies Bear Island Realty LLC

    85 W Chandler St, Ely, MN 55731
  • /49

    $175,000

    • 3 Beds
    • 1 Bath
    • 1,060 Sq Ft

    1033 E Harvey St, Ely, MN 55731

    Beautifully remodeled 3-bedroom home with large, fully fenced yard. This centrally located Ely home features numerous updates including refinished flooring throughout, a completely new kitchen with stainless appliances and industrial sink, new laundry and full bath on the main level, all new paint throughout, and much more! The main level is open concept with perfect flow from the living room to

    Kate Davies Bear Island Realty LLC

    1033 E Harvey St, Ely, MN 55731
  • /39

    $134,900

    • 2 Beds
    • 840 Sq Ft

    3810 Mud Creek Rd, Ely, MN 55731

    Located aprox 12 miles west of Ely is this very comfortable cabin and 2 stall garage on aprox. 10 acres of land off the Mud Creek Rd and adjoins hundreds and hundreds of acres of state and county lands to the west! Cabin is a mobile/manufactured home that has recently been transformed with new siding, roof, windows, etc. into an awesome 2 bedroom cabin! Cabin has kitchen, dining area, a large

    Jeff Hway Bear Island Realty LLC

    3810 Mud Creek Rd, Ely, MN 55731
  • /40

    $179,000

    • 3 Beds
    • 1.5 Baths
    • 1,346 Sq Ft

    246 N 5th Ave E, Ely, MN 55731

    Step into timeless character with this 1927 home, full of original details and thoughtful updates. The inviting 3-season front porch welcomes you with wainscoting accents and stunning stained-glass windows—perfect for enjoying morning coffee or evening sunsets. Inside, you’ll find an updated kitchen featuring white cabinetry, subway tile backsplash, wainscoting details, recent appliances, and new

    Lori Schulze Keller Williams Classic Realty NW - Ely

    246 N 5th Ave E, Ely, MN 55731
  • /29

    $199,000

    • 3 Beds
    • 3 Baths
    • 3,048 Sq Ft

    1280 Heather St, Ely, MN 55731

    Ely, MN – Romberg Acres Opportunity! Bring your vision and tools to this spacious 3+ bedroom, 3 bathroom ranch-style home in the highly sought-after Romberg Acres neighborhood of Ely. Built in 1994, this property offers over 3,000 sq ft of finished living space on a beautiful 1.38-acre lot with towering white pines. Though in need of updating and repairs, the home provides a fantastic layout and

    Lori Schulze Keller Williams Classic Realty NW - Ely

    1280 Heather St, Ely, MN 55731
  • /42

    $199,500

    • 3 Beds
    • 1 Bath
    • 1,373 Sq Ft

    1530 N 20th Ave E, Ely, MN 55731

    Rustic Charm Meets Opportunity on 10 (yes, ten!) City LotsExplore this rare find nestled between Miners Lake and Shagawa Lake—a vintage 2+ Bedroom, 1 Bath home brimming with character, ripe for renovation. The sprawling property spans 10 city lots, offering flexibility for gardens, RV storage, potential expansion—or just a generous buffer from neighbors. This home is located on a corner

    Debbie Decker Keller Williams Classic Rlty NW

    1530 N 20th Ave E, Ely, MN 55731
  • /29

    $160,000

    • 2 Beds
    • 2.5 Baths
    • 648 Sq Ft

    840 E Chapman St, Ely, MN 55731

    This 2+ BR, 2 full BA home two story lot sits on TWO city lots and is packed with character and options! Located right in the heart of Ely, you're just a quick stroll to the Whiteside Park, school, ice arena, downtown shops, baseball and Little League fields—all the things that make this town so special. Step inside to find classic charm with hardwood floors, clawfoot tubs, and unique in-tandem

    Andrea Zupancich Z'Up North Realty, Inc.

    840 E Chapman St, Ely, MN 55731
  • /40

    $159,500

    • 4 Beds
    • 3 Baths
    • 2,640 Sq Ft

    324 S 4th Ave E, Ely, MN 55731

    Incredible investment opportunity by unlocking this historic 2.75 story home’s potential! Much of original character is retained - 26 ft covered front porch, 9 ft ceilings, large windows, original interior doors & woodwork, hardwood floors & some vintage fixtures. Third level attic offers even more potential living space with 7’ ceilings in 3 large rooms! Updates include roof, siding, main level

    Wendy Johnson Keller Williams Classic Realty NW - Ely

    324 S 4th Ave E, Ely, MN 55731
  • /36

    $144,000

    • 1 Bed
    • 480 Sq Ft

    2151 Echo Trail, Ely, MN 55731

    Escape to the heart of the Northwoods with this rustic cabin retreat, nestled on 10 acres along the Scenic Echo Trail in Ely, MN. Surrounded by towering pines, this property offers privacy, tranquility, and direct access to one of the area’s most beautiful stretches of wilderness. The cozy 480 sq ft cabin is simple yet functional, featuring a main living area with a woodstove, a simple kitchen

    Lori Schulze Keller Williams Classic Realty NW - Ely

    2151 Echo Trail, Ely, MN 55731
  • /24

    $129,000

    • 2 Beds
    • 2 Baths
    • 1,332 Sq Ft

    355 W Harvey St, Ely, MN 55731

    If you're searching for a unique escape that combines the charm of secluded living with the convenience of modern amenities, your search ends at this marvelous Ely property. Don't miss the opportunity to call this extraordinary place home. Tucked away under the Iconic Ely Water Tower, the gateway to Ely you'll find this hidden gem. 2 BR/1.5 BA home with hardwood floors, large eat in kitchen, and

    Andrea Zupancich z' Up North Realty

    355 W Harvey St, Ely, MN 55731
  • /15

    $155,000

    • Land
    • 20 Acres
    • $7,750 per Acre

    1687 Golden Ridge Tr, Ely, MN 55731

    +-20 ACRE PARCEL just 3/4 miles off the Echo Trail with the road in. This parcel has a good mixture of tree cover with White and Norway Pine, Balsam, Cedar, Ash and Aspen. Possible year round access. Already installed is a 3 bedroom septic system and a 325' drilled well. There is a building site for house and garage, power nearby. Excellent property at an affordable price.

    Don Stocks Wildwoods Land Company

    1687 Golden Ridge Tr, Ely, MN 55731
  • /12

    $199,900

    • Land
    • 3.9 Acres
    • $51,256 per Acre

    XXX9 Powerhouse Trail, Ely, MN 55731

    First time on the market. This Fall Lake lot has +-3.9 acres with a large building site that sits off the water. From there it's just a short walk towards the level +-205' of shoreline. Fall Lake is a popular entry point into Basswood Lake and the BWCA. At over 6 miles long and 2,322 acres, Fall Lake offers countless fishing and recreational opportunities. This heavily wooded parcel with mixed

    Chris Eilrich Wildwoods Land Company

    XXX9 Powerhouse Trail, Ely, MN 55731
  • /30

    $169,900

    • Land
    • 8 Acres
    • $21,238 per Acre

    TBDx Grant McMahan Blvd, Ely, MN 55731

    Shagawa Lake Lot: West Facing 8 +/- acres and 885 +/- feet of wooded shoreline consisting of Maple, Pople, Mixed Pines, Cedar and Birch. This beautiful parcel is only 2.7 miles from the center of Ely and provides you your own Natural Wildlife Sanctuary or you can take a quick walk across Grant McMahan to a magnificent 87 acre Wildlife Management Area. You will be able to enjoy gentle hikes, Game

    Lori Schulze Keller Williams Classic Realty NW - Ely

    TBDx Grant McMahan Blvd, Ely, MN 55731
  • /37

    $184,900

    • Land
    • 0.49 Acre
    • $377,347 per Acre

    Unit 1 N Kelly Trail, Ely, MN 55731

    Absolutely gorgeous piece of the True North !! This property used to be a resort but was split up for individual cabin life. Premier fishing and excellent hunting right out the front door. Property comes with 2 generators (9500w and 4000w). Propane heat for winter (300 gallon tank). On demand water heater. No motor restrictions or Walleye slot limits on this body of water.This

    Gabriel Werra Timber Ghost Realty, LLC

    Unit 1 N Kelly Trail, Ely, MN 55731
  • /10

    $155,000

    • Land
    • 20 Acres
    • $7,750 per Acre

    1687 Golden Ridge Trail, Ely, MN 55731

    +-20 ACRE PARCEL just 3/4 mile off the Echo Trail with the road in. This parcel has a good mixture of tree cover with White and Norway Pine, Balsam Cedar, Ash and Aspen. Possible year round access. Already installed is a 3 bedroom septic system and a 325 ft. drilled well. There is a building site for house and garage, power nearby. Excellent property at an affordable price.

    Don Stocks Wildwoods Land Company

    1687 Golden Ridge Trail, Ely, MN 55731

Home Trends in Ely, MN

Housing Trends

Median Sale Price
$190,000
Median Single Family Sale Price
$181,000
Average Price Per Sq Ft
$147
Number of Homes for Sale
18
Last 12 months Home Sales
73
Months of Supply
3.00
Median List Price
$181,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%
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