31

Ely, MN Homes for Sale under $400,000

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  • /41

    $299,000

    • 3 Beds
    • 1 Bath
    • 1,882 Sq Ft

    118 E James St, Ely, MN 55731

    This charming Colonial/Tudor home is now on the market, ready for its next owner. It offers 3 bedrooms, 1 bath, beautiful hardwood floors, and a pine-paneled den with built-in cabinets, all set on a 75 x 125-foot lot. The large, window-filled living area is accented by a vintage brick, wood-burning fireplace, while the formal dining room, easily reached from the kitchen, is perfect for family

    Agent Photo

    Jerry Fink

    Canoe Capital Realty, LLC

    (218) 217-0283

    118 E James St, Ely, MN 55731
  • /50

    $189,900

    $43K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,299 Sq Ft

    235 E Harvey St, Ely, MN 55731

    A Charming 3 Bedroom, 2 Bath home with beautiful wood floors, custom built-ins, high ceilings, and many large windows. The details and finishings from it's era set it it apart. The kitchen opens to a formal dining room with a 10' high box ceiling, corner built-in hutches, and it opens to the south facing living room. There is a 10 x 11 sun porch with bead board ceiling and wainscott walls and 2

    Trish Bulinski Bear Island Realty LLC

    235 E Harvey St, Ely, MN 55731
  • /54

    $215,000

    • 1 Bed
    • 1 Bath
    • 720 Sq Ft

    578 Kawishiwi Trail, Ely, MN 55731

    Northwoods off-grid cabin that adjoins public lands! This beautiful Voyageur Log Cabin is located on 10 acres with seasonal road access just south of Ely, MN. Property offers direct access to many trails in the area for the ultimate recreational retreat including snowmobiling, ATV, and skiing opportunities! Enjoy the cabin year-round with easy snowmobile access – parking and trail are located

    Anna Yahnke Bear Island Realty LLC

    578 Kawishiwi Trail, Ely, MN 55731
  • /12

    $200,000

    • Land
    • 3.9 Acres
    • $51,282 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
  • /5

    $222,500

    $4K PRICE INCREASE
    • 2 Beds
    • 1 Bath
    • 400 Sq Ft

    4996 Big Lake Rd, Ely, MN 55731

    Big Lake Wilderness Retreat CIC. . Investment opportunity. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a 3⁄4 bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also allows for rentals. Rentals managed by an

    Lisa Jackson Ely Realty

    4996 Big Lake Rd, Ely, MN 55731
  • /18

    $349,000

    • 2 Beds
    • 1 Bath
    • 630 Sq Ft

    3801 Fenske Lake Rd, Ely, MN 55731

    Completely remodeled in 2021, this 2 bedroom, 1 bath cabin has a south facing view over Fenske Lake. The original wood floors and log beams kept the charm of the cabin while the gas fireplace, fresh woodwork and lakeside windows added some comfort. There is a lakeside screen porch overlooking the campfire area and dock. The cabin comes completely furnished inside and out including furniture,

    Chris Eilrich Wildwoods Land Company

    3801 Fenske Lake Rd, Ely, MN 55731
  • /17

    $369,500

    • 2 Beds
    • 1 Bath
    • 1,160 Sq Ft

    1896 Echo Trail, Ely, MN 55731

    This 2 bedroom home with one full bathroom is located 5 miles up the Echo Trail from Ely. Convenient to town as well as the many hiking trails lakes and BWCA entry points nearby, this home offers plenty of privacy on its well forested 10acres. The cedar sided home has a sunny kitchen cozy living room with a glass door, wood stove, laundry room and a deck and screen porch toenjoy the outdoors.

    Kerry Davis

    1896 Echo Trail, Ely, MN 55731
  • /36

    $230,000

    • 3 Beds
    • 2 Baths
    • 1,492 Sq Ft

    304 E James St, Ely, MN 55731

    Step inside this delightful 3 bedroom, 2 bathroom home on desirable James St in the heart of Ely. Perched on a sunny corner lot, enjoy a short stroll to the Ely school, Whiteside Park, or downtown to enjoy shopping or dining. Inside, this home features central air, updated quartz countertops, new front porch railings, new water heater, and newer roof. There is a spacious two stall attached garage

    Taylor Glynn eXp Realty

    304 E James St, Ely, MN 55731
  • /28

    $179,900

    $5K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,450 Sq Ft

    954 E Camp St, Ely, MN 55731

    Check out this spacious 3+ bedroom, 2-bath home just minutes from downtown Ely. With a generously sized yard perfect for gardening, play, or relaxing evenings, and a two-stall garage offering ample storage, this property combines convenience with functionality. Inside, you'll find a simple layout with room to personalize. It features a huge Primary bedroom with large bathroom, and a 15x14 room

    Jodi Nyman z' Up North Realty

    954 E Camp St, Ely, MN 55731
  • /12

    $347,000

    • Land
    • 2.8 Acres
    • $123,929 per Acre

    417 Barrel Rd, Ely, MN 55731

    Well Maintained Year Round Road To This Level Homesite On The South Shore Of Fall Lake, A Premier Boundary Waters Entry Lake! Boat 2 Miles From Your Dock Into The BWCA and up to Basswood Lake! Just 6 Mi To Ely. Water Views All The Way Up The Lake, 205 Ft Excellent Swimming Shoreline, Private 2.8 Wooded Acres, Walking Distance to Kawishiwi Falls. Fall is a 2,258 acre lake, 32 ft deep & part of a

    Lisa Janisch Janisch Realty, Inc

    417 Barrel Rd, Ely, MN 55731
  • /59

    $256,000

    • 7 Beds
    • 4 Baths
    • 2,600 Sq Ft

    429 S 4th Ave E, Ely, MN 55731

    A piece of history set back on 3 city lots on the corner of 4th Avenue and James Street. This Triplex has been loved and cared for for over 30 years. The main floor has a 3 bedroom apartment and an efficiency apartment each with their own off street parking spots, kitchens, bathrooms, and access to the basement for separate laundry areas. The upstairs is a 4+ bedroom with in unit laundry and a

    Joseph Tome GRAND PROPERTIES REAL ESTATE

    429 S 4th Ave E, Ely, MN 55731
  • /16

    $305,000

    • 1 Bed
    • 1 Bath
    • 530 Sq Ft

    3803 Fenske Lake Rd, Ely, MN 55731

    Located just 20 feet from the waters edge, this 1 bedroom, 1 bath cabin has lake views from every room. Completely remodeled in 2017, this wood-sided cabin has knotty pine interior, oak floors and a gas fireplace. There is a south facing view over Fenske Lake and the private dock. The cabin comes completely furnished inside and out including furniture, appliances, cookware, canoe, dock and more.

    Chris Eilrich Wildwoods Land Company

    3803 Fenske Lake Rd, Ely, MN 55731
  • /30

    $185,000

    $15K PRICE DROP
    • 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 Lots Explore 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 lot on a

    Debbie Decker Keller Williams Classic Rlty NW

    1530 N 20th Ave E, Ely, MN 55731
  • /26

    $350,000

    $25K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 528 Sq Ft

    1531 Bear Head State Park Rd, Ely, MN 55731

    Year round cabin on Eagles Nest 1 with +-100’ of level shoreline and western sunset views. The main level has a lakeside kitchen and dining area with an elevated deck just 30’ from the lake. There is also an adjoining living room and entry room from the backyard. The lower level has a large bedroom, 3⁄4 bath and laundry area. There is a lakeside, woodfired sauna with changing room, just feet from

    Chris Eilrich Wildwoods Land Company

    1531 Bear Head State Park Rd, Ely, MN 55731
  • /27

    $229,000

    • 2 Beds
    • 1 Bath
    • 911 Sq Ft

    13464 Chestnut Dr, Ely, MN 55731

    Beautifully updated 2-bedroom, 2-bath country home just minutes from Ely, offering the perfect blend of modern convenience in a peaceful Northwoods setting. Recent renovations include a new roof, modern kitchen, updated flooring, new appliances, and stylish lighting throughout. The living area features a propane free-standing fireplace and flows seamlessly into the dining room and updated

    Lori Schulze Keller Williams Classic Realty NW - Ely

    13464 Chestnut Dr, Ely, MN 55731
  • /42

    $184,900

    • Land
    • 21,344 Sq Ft
    • $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 property is truly

    Gabriel Werra Timber Ghost Realty, LLC

    Unit 1 N Kelly Trail, Ely, MN 55731
  • /6

    $200,000

    $19K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 400 Sq Ft

    4994 Big Lake Rd, Ely, MN 55731

    Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a 3⁄4 bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also allows for rentals.

    Jan Erchul Ely Realty

    4994 Big Lake Rd, Ely, MN 55731
  • /24

    $146,500

    $2K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,280 Sq Ft

    277 N 5th Ave E, Ely, MN 55731

    Charming home close to ALL the things Ely has to offer. This warm and welcoming 2-bedroom, 1-bath home offers comfort, and convenience. Step inside to a bright, cozy living space featuring a newer woodburning stove—perfect for those chilly Minnesota evenings or to heat the house all winter long! The home is located near Ely’s school, and just minutes from local restaurants, downtown shops, and

    Jodi Nyman z' Up North Realty

    277 N 5th Ave E, Ely, MN 55731
  • /10

    $203,100

    • Land
    • 4.4 Acres
    • $46,159 per Acre

    XXX10 Powerhouse Trail, Ely, MN 55731

    Fall Lake West Lots.....first time offered to the public. This large lot of +-4.4 acres with +-235 feet of rocky, but level shoreline, is located in a quiet bay on the south side of Fall Lake. There are two possible building sites with lake views through Birch, Maple and Aspen. There is an elevated site closer to the road and one with a more gentle approach to the lakeshore on the western side of

    Chris Eilrich Wildwoods Land Company

    XXX10 Powerhouse Trail, Ely, MN 55731
  • /20

    $375,000

    • 1 Bed
    • 0.5 Baths
    • 480 Sq Ft

    1342 Walsh Rd, Ely, MN 55731

    Located on Eagles Nest 3, this charming seasonal cabin sits on a beautiful level lot featuring approximately 100 +/- feet of shoreline and easy access to the water. The screened porch offers peaceful lake views and an ideal place to relax and enjoy the setting. This cozy one-room cabin features an open floor plan with combined kitchen, dining, living, and sleeping areas. A closet toilet and boxed

    Jason Roy Wildwoods Land Company

    1342 Walsh Rd, Ely, MN 55731
  • /50

    $185,000

    • 4 Beds
    • 1 Bath
    • 1,456 Sq Ft

    628 E Sheridan St, Ely, MN 55731

    This exceptionally located four-bedroom home sits directly adjacent to Ely’s Whiteside Park and just two blocks from the Ely schools. The spacious main level features a charming front porch with wall-to-wall windows, a large living room with French doors opening to a traditional dining room, and a generous kitchen with direct access to the backyard. Upstairs, you’ll find four nicely sized

    Kate Davies Bear Island Realty LLC

    628 E Sheridan 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
  • /15

    $349,000

    • 2 Beds
    • 1 Bath
    • 690 Sq Ft

    3775 Fenske Lake Rd, Ely, MN 55731

    Updated 2 bedroom cabin on a quiet, secluded lake. The lakeside kitchen has modern amenities, including a dishwasher and bathroom includes a whirlpool jet tub. A gas fireplace adds warmth to the living and dining rooms while the screen porch overlooks the private dock with sitting bench. This cabin has a true northwoods feel with lots of trees for privacy. The original wood floors and log beams

    Chris Eilrich Wildwoods Land Company

    3775 Fenske Lake Rd, Ely, MN 55731
  • /40

    $149,200

    • 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

    $350,000

    • 2 Beds
    • 459 Sq Ft

    2050 Shipman Island, Ely, MN 55731

    Ely's own Shagawa Lake Shipman Island Cabin, all to yourself! You will find it tucked under some towering pines and rugged rock outcroppings, mesmerizing lake views and nearly 900 ft of shoreline. The picturesque coastline is pure Superior National Forest—no neighbors, just loons, eagles, and the occasional moose who thinks he owns the place. Built in 2012, this cozy 560 sq ft 2BR knotty-pine

    Andrea Zupancich Z'Up North Realty, Inc.

    2050 Shipman Island, Ely, MN 55731
  • /27

    $299,000

    • 1 Bed
    • 1 Bath
    • 694 Sq Ft

    1755 Bradach Rd, Ely, MN 55731

    Welcome to your own slice of the Northwoods! This charming classic 1 BR, 1 bath log cabin on beautiful Armstrong Lake offers the quintessential lake life experience just 10 miles from Ely. Nestled on a level lot w/150' of sandy, swimmable shoreline, this property is perfectly suited for relaxing days on the water & unforgettable sunsets. Inside you'll find warm rustic charm w/vaulted ceilings,

    Sherry Zupancich Anderson Vermilion Land Office, Inc.

    1755 Bradach Rd, Ely, MN 55731
  • /16

    $347,000

    • Land
    • 2.8 Acres
    • $123,929 per Acre

    417 Barrell Rd, Ely, MN 55731

    Well Maintained Year Round Road To This Level Homesite On The South Shore Of Fall Lake, A Premier Boundary Waters Entry Lake! Boat 2 Miles From Your Dock Into The BWCA and up to Basswood Lake! Just 6 Mi To Ely. Water Views All The Way Up The Lake, 205 Ft Excellent Swimming Shoreline, Private 2.8 Wooded Acres, Walking Distance to Kawishiwi Falls. Fall is a 2,258 acre lake, 32 ft deep & part of a

    Lisa Janisch Janisch Realty Inc

    417 Barrell Rd, Ely, MN 55731
  • /25

    $209,000

    • 3 Beds
    • 2 Baths
    • 1,472 Sq Ft

    2 E Conan St, Ely, MN 55731

    Conveniently located on a corner lot in the heart of Ely, this charming 3-bedroom, 2-bath home offers comfort, character, and an ideal in-town location. The main level features two bedrooms, a full bathroom, convenient main-floor laundry, and a welcoming living room centered around a cozy wood-burning fireplace. Upstairs, you'll find a spacious primary bedroom suite complete with a 3⁄4 bath and a

    Lori Schulze Keller Williams Classic Realty NW - Ely

    2 E Conan St, Ely, MN 55731
  • /12

    $389,000

    • 3 Beds
    • 1 Bath
    • 1,120 Sq Ft

    3811 Fenske Lake Rd, Ely, MN 55731

    This 3 bedroom cabin built in 1940's was originally used as the owners home for "Mackie's Cabins". A couple renovations between 2011 and 2016 have transformed it into a spacious northwoods escape. The open floor plan features a 40' long room which includes a kitchen with breakfast table, dining room and living room with gas fireplace. The back of the cabin has a lakeside yard with a gentle slope

    Chris Eilrich Wildwoods Land Company

    3811 Fenske Lake Rd, Ely, MN 55731
  • /32

    $279,000

    • 2 Beds
    • 1 Bath
    • 912 Sq Ft

    296 Shady Ln, Ely, MN 55731

    This Northwoods two bedroom, one bath cabin with drilled well and compliant septic can be enjoyed year-round! The open floor plan features beautiful natural woodwork throughout, a cozy woodstove in the living room, a main floor bedroom and bathroom, and an open sleeping loft above—perfect for guests or additional space. Set on 5.75 private acres overlooking a scenic pond, this property offers the

    Lori Schulze Keller Williams Classic Realty NW - Ely

    296 Shady Ln, Ely, MN 55731
  • /64

    $249,000

    • 1 Bath
    • 400 Sq Ft

    52 W Chandler St, Ely, MN 55731

    Walking distance from Ely, wooded and private, this 1/2+ acre, lot hosts two well cared for 1890's era historic Finnish homes along with the original sauna and carriage house / workshop. Homes are both small ( sf) on 2 levels with large decks. "Kettu" is heated and hooked up to city water/sewer, while "Peregrine" is finished upstairs and still needs water/sewer and heat. Each small house has it's

    Trish Bulinski Bear Island Realty LLC

    52 W Chandler St, Ely, MN 55731

Home Prices in Ely, MN

Home Price Trends

Median Sale Price
$194,500
Median Single Family Sale Price
$196,500
Average Price Per Sq Ft
$163
Number of Homes for Sale
12
Last 12 months Home Sales
60
Months of Supply
2.40
Median List Price
$198,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
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