$70,000
SOLD OCT 9, 2025

123 W Chapman St Ely, MN 55731

2 Beds
0.5 Bath
1,329 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

36% Below List Price

45 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Living Room
  • Memorial High School Rated 9+
  • Wood Frame Window
  • Bathroom on Main Level

About This Home

As of October 2025

Tons of potential with this charming 2-bedrooms, 1-bath home in the heart of Ely. Yes, it needs a little TLC, but it could be the perfect starter home or investment property. While there’s no garage, you’ll appreciate the spacious 20x15 shed with a metal roof, plus an additional 10x10 metal shed for extra storage. Conveniently located near downtown shopping, the hospital, and the library. Motivated sellers—this one won’t last long!

Last Agent to Sell the Property

Julian Rasmusson

Z' Up North Realty Listed on: 08/10/2025

Last Buyer's Agent

Beth Ohlhauser

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $371

Year Built

  • Built in 1917

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 1,329 Sq Ft Home
  • Multi-Level Property
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 0.5 Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Storage Shed

Utilities

  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 030-0260-00300

Home Details

Home Type

Single Family

Est. Annual Taxes

$371

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: in town, from Sheridan turn right (south) on the Central turn right (W) onto Chapman follow to address on the right and sign in yard
  • L O1 Office Phone1 Number: 218-827-2288
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2025
  • Lot Description Waterfront: No
  • Reso Association Amenities: Dryer Hook-Ups, Washer Hook-Ups
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1329
  • Garage Type: None
  • Heat: Oil
  • MainFloorBath: Yes
  • Reso Roof: Metal
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1917
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Bathroom Description: 1/2 Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bathroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1329
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: City
  • Construction Status: Previously Owned
  • Exterior: Other
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Street

Utilities

  • Power Company: City Of Ely
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 25x125
  • Estimated Number of Acres: 0.07
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 030-0260-00300

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 371

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2025
Closed on
Oct 9, 2025
Sold by
Buskirk Ted and Stage Katherine
Bought by
Ohlhauser Craig Sean
Seller's Agent
Julian Rasmusson
Z' Up North Realty
Buyer's Agent
Beth Ohlhauser
Bear Island Realty LLC
List Price
$109,000
Sold Price
$70,000
Premium/Discount to List
-$39,000
-35.78%
Views
47
Current Estimated Value
$75,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,731
Avg. Annual Appreciation
32.45%

Purchase Details

Closed on
May 1, 2001
Sold by
Isaacson Selma M and Foy Carol A
Bought by
Spirit Valley Citizens Neighborhood Deve
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $70,000 Northeast Title
Warranty Deed $5,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2025 10/09/25 Sold $70,000 -21.3% $53 / Sq Ft
09/12/2025 09/12/25 Price Changed $89,000 -11.0% $67 / Sq Ft
08/27/2025 08/27/25 Price Changed $99,997 -8.3% $75 / Sq Ft
08/10/2025 08/10/25 For Sale $109,000 -- $82 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $284 $73,600 $4,500 $69,100
2023 $284 $69,600 $4,300 $65,300
2022 $432 $67,700 $4,100 $63,600
2021 $438 $56,800 $3,800 $53,000
2020 $366 $50,800 $3,800 $47,000
2019 $332 $50,800 $3,800 $47,000
2018 $338 $49,900 $3,800 $46,100
2017 $354 $50,600 $3,700 $46,900
2016 $370 $49,000 $3,400 $45,600
2015 $345 $30,400 $2,300 $28,100
2014 $345 $30,400 $2,300 $28,100
Source: Public Records

Agents Affiliated with this Home

  • Julian Rasmusson

    Seller's Agent in 2025

    Julian Rasmusson

    Z' Up North Realty

    (651) 270-8911

    35 in this area

    99 Total Sales

    Julian Rasmusson
    Section Image

  • B

    Buyer's Agent in 2025

    Beth Ohlhauser

    Bear Island Realty LLC

    (218) 235-1676

    8 in this area

    19 Total Sales

    Beth Ohlhauser
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6121235

APN: 030026000300

Minnesota St Louis County Ely 55731

123 W Chapman St, Ely, MN

Sold

Detached

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