$159,500

324 S 4th Ave E Ely, MN 55731

Estimated payment $1,144/month

Total Views 5,850
4 Beds
3 Baths
2,640 Sq Ft
$60 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Fenced Yard
  • Memorial High School Rated 9+
  • Lower Floor Utility Room
  • Porch

About This Home

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 windows, electrical service, plumbing, etc. 4 city lots, off-street parking, fully fenced yard. Originally built as Sec 30 hospital, moved to this site, converted to a triplex & later, main level housed a child’s day care. Ideally located in heart of Ely.

Listing Agent

Wendy Johnson

Keller Williams Classic Realty NW - Ely Listed on: 10/01/2025

Keller Williams Classic Realty NW - Ely

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,701

Year Built

  • Built in 1898

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Triplex
  • Poured Concrete
  • Plaster Walls
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,640 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Paneling
  • Ceiling Fan
  • Lower Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Basement Storage

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 030-0060-00010, 00015, 00020 & 00025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,701

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: In town
  • L O1 Office Phone1 Number: 763-463-7500
  • Taxes With Assessments: 3956
  • Tax Year: 2025
  • Lot Description Waterfront: No
  • Amenities3: Hardwood Floors, Natural Woodwork, Plaster Walls, Paneled Walls
  • Amenities Exterior: Fenced Yard - Full, Porch
  • Appliances 1: Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Appliances 2: Refrigerator, Range/Stove
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2640
  • Garage Type: None
  • Heat: Forced Air, Oil
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 4
  • MediaType: Triplex
  • Year Built: 1898
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances 3: Refrigerator, Range/Stove
  • Basement Features: Unfinished, Storage, Utility Room
  • Basement Material: Poured Concrete
  • Basement Style: Partial
  • Stories: 3 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2640

Exterior Features

  • Road Frontage: City, Paved, Sidewalk, Street Lights
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Driveway - Gravel, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Association/Amenities

  • AmenitiesOtherAmenities1: Ceiling Fans, Natural Woodwork, Washer/Dryer Hookups
  • Association Fees Include:Amenities2: Hardwood Floors, Natural Woodwork, Plaster Walls

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 50 x 100
  • Estimated Number of Acres: 0.12
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped, Tree Coverage - Light, Level
  • Parcel Number: 030-0060-00010, 00015, 00020 & 00025

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Other

Tax Info

  • Tax Amount: 3701

Map

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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 List to Sale Price per Sq Ft
10/01/2025 10/01/25 For Sale $159,500 -- $60 / Sq Ft
Source: Lake Superior Area REALTORS®

Source: Lake Superior Area REALTORS®

MLS Number: 6122204

Minnesota St Louis County Ely 55731

324 S 4th Ave E, Ely, MN

For Sale

MultiFamily

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Nearby Homes
Wendy Johnson
Listing Agent
Wendy Johnson
Section Image
Keller Williams Classic Realty NW - Ely
(218) 396-2073