$184,000

324 S 4th Ave E Ely, MN 55731

Estimated payment $1,276/month

Total Views 8,503
4 Beds
3 Baths
2,640 Sq Ft
$70 Price per Sq Ft

Highlights

  • Wood Flooring
  • Lower Floor Utility Room
  • Porch
  • No HOA
  • Fenced Yard
  • Woodwork

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

Listing Agent

Wendy Johnson

Keller Williams Classic Realty NW - Ely Listed on: 04/01/2025

Keller Williams Classic Realty NW - Ely

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,119

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

$3,119

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: In town
  • L O1 Office Phone1 Number: 763-463-7500
  • List Price/ Sq Ft: 69.7
  • Taxes With Assessments: 3374
  • Tax Year: 2024
  • Lot Description Waterfront: No
  • Amenities3: Hardwood Floors, Natural Woodwork, Plaster Walls, Paneled Walls
  • Amenities Exterior: Fenced Yard - Full, Porch
  • Appliances 1: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Appliances 2: Range/Stove, Refrigerator
  • 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: Range/Stove, Refrigerator
  • 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: Off Street, Driveway - Gravel

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

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2025-04-01
  • 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: 3119

Map

Range of Values:

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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
04/01/2025 04/01/25 For Sale $184,000 0.0% $70 / Sq Ft
04/01/2025 04/01/25 For Sale $184,000 -3.1% $70 / Sq Ft
04/01/2025 04/01/25 Off Market $189,900 -- --
09/24/2024 09/24/24 For Sale $189,900 -- $72 / Sq Ft
Source: Lake Superior Area REALTORS®

Similar Home in Ely, MN

  • 324 S 4th Ave E, Ely, MN 55731

    $184,000

    • 4 Beds
    • 3 Baths
    • 2,640 Sq Ft
    • 324 S 4th Ave E
    • Ely, MN

    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 wood interior doors & woodwork, hardwood floors & some vintage fixtures. Third level attic offers even more potential living space with 7’ ceilings in 3 large rooms! Recent updates include roof,

    Wendy Johnson Keller Williams Classic Realty Northwest

    Section Image
See All Homes in Ely

Source: Lake Superior Area REALTORS®

MLS Number: 6118431

Minnesota St Louis County Ely 55731

324 S 4th Ave E, Ely, MN

This home is located at 324 S 4th Ave E, Ely, MN 55731 and is currently priced at $184,000, approximately $69 per square foot. This property was built in 1898. 324 S 4th Ave E 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.

Nearby Homes
Wendy Johnson
Listing Agent
Wendy Johnson
Section Image
Keller Williams Classic Realty NW - Ely
(218) 300-7167