NOT LISTED FOR SALE

25 E S 2nd Ave Ely, MN 55731

4 Beds
2 Baths
4,164 Sq Ft
1910 Built

Last Sold January 31, 2025

Last sale price $278,000 $67 Per Sq Ft

30 Days on Market

About This Home

As of January 2025

"Coolest Small Towns" and a gateway to the BWCA (Boundary Waters Canoe Area) you have an incredible investment opportunity! Perfect for short-term or long-term rentals the existing duplex with updated units is already generating steady income. Each unit has 2 BR/1BA and offers beautifully updated interiors, an attached garage, and laundry facilities. The roof was installed in 2019. Each unit is 748 sq. ft. Duplex also has been insulated and new LP smart siding.

Last Listed By

Andrea Zupancich

z' Up North Realty License #40149923 Listed on: 11/18/2024

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 11/18/2024
  • Total Above Grade Sq Ft: 4164
  • Type: Duplex
  • Year Built: 1910
  • Lot Size Length: 75
  • Lot Size Width: 50
  • Utilities Expenses: 983
  • Insurance Expenses: 2500
  • Net Income: 13452
  • Projected Income: 18000
  • Repairs Maint Expenses: 1500
  • Total Expense: 7248
  • Total Income: 20700
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 4164
  • Basement: Full
  • Main Level Sq Ft: 2082
  • Upper Level Sq Ft: 2082

Exterior Features

  • Exterior: Stucco
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Cooling: Window Unit
  • Utilities: City Sewer, City Water
  • Heating: Forced Air, Hot Water

Fee Information

  • Rent Income: 20700

Schools

  • School District: Ely

Lot Info

  • Zoning: Resid

Rental Info

  • Actual Income: 20700
  • Other Expenses: 2265

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 4538

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $278,000 -0.7% $67 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
11/18/2024 11/18/24 For Sale $280,000 -- $67 / Sq Ft
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrea Zupancich

    Seller's Agent in 2025

    Andrea Zupancich

    z' Up North Realty

    (218) 749-0159

    466 Total Sales

    Andrea Zupancich
    Section Image
  • Delaney Maki

    Buyer's Agent in 2025

    Delaney Maki

    My Place Realty Inc

    (218) 295-2866

    210 Total Sales

    Delaney Maki
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 147736

Range Association of REALTORS®

Minnesota St Louis County Ely 55731

25 E S 2nd Ave, Ely, MN

Homes for Sale in Ely, MN

This home is located at 25 E S 2nd Ave, Ely, MN 55731 since 18 November 2024. This property was built in 1910. 25 E S 2nd Ave is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

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.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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