Estimated payment $1,238/month
4
Beds
2
Baths
1,496
Sq Ft
$120
Price per Sq Ft
Highlights
- 18,731 Sq Ft lot
- No HOA
- Dining Room
- Corner Lot
- Living Room
- 4-minute walk to Whiteside Park
About This Home
Spacious 4-Bed, 2-Bath Family Home in Ely, MN – With Income Potential! Welcome to this versatile home located on the east end of Ely—perfect for growing families or those looking to offset their mortgage with rental income. This property offers two fully functional living spaces, with a kitchen and living room on both floors. Ideal for multi-generational living, a mother-in-law suite, or a long-term or short-term rental. Restored maple flooring adds warmth and charm throughout, newer tip-out windows bring in natural light and are easy to clean. Sitting on five city lots, there's ample space for kids to play, gardening, or building a future garage or workshop. Located in a residential area close to schools, parks, and downtown Ely. Live comfortably on the main floor and rent out the upper level for extra income. Great opportunity to own a home with built-in rental flexibility Could also serve as a seasonal cabin or vacation rental (VRBO, Airbnb). A great opportunity!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,983
Year Built
- Built in 1915
Lot Details
- 0.43 Acre Lot
- Lot Dimensions are 125x150
- Corner Lot
Interior Spaces
- 1,496 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Baseboard Heating
- Hot Water Heating System
Community Details
- No Home Owners Association
- Whiteside Park Add To Ely Subdivision
Listing and Financial Details
- Assessor Parcel Number 030038001670
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $3,068 | $171,400 | $20,500 | $150,900 |
| 2022 | $2,630 | $163,300 | $19,400 | $143,900 |
| 2021 | $2,646 | $137,500 | $17,600 | $119,900 |
| 2020 | $2,406 | $123,900 | $17,600 | $106,300 |
| 2019 | $2,298 | $123,900 | $17,600 | $106,300 |
| 2018 | $1,772 | $121,100 | $17,600 | $103,500 |
| 2017 | $1,804 | $93,100 | $18,900 | $74,200 |
| 2016 | $1,856 | $89,200 | $17,200 | $72,000 |
| 2015 | $1,804 | $93,400 | $19,200 | $74,200 |
| 2014 | $1,804 | $93,400 | $19,200 | $74,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Sale | $179,000 | +33.6% | $120 / Sq Ft |
| 07/16/2018 07/16/18 | Sold | $134,000 | -4.2% | $89 / Sq Ft |
| 06/20/2018 06/20/18 | Pending | -- | -- | -- |
| 03/05/2018 03/05/18 | For Sale | $139,900 | -- | $93 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $134,500 | Northeast Title Company | |
| Warranty Deed | $65,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $107,600 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $52,000 | No Value Available |
Source: Public Records
Similar Homes in Ely, MN
Source: NorthstarMLS
MLS Number: 6755734
APN: 030038001670
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes