NOT LISTED FOR SALE

334 S 4th Ave E Ely, MN 55731

6 Beds
5 Baths
2,676 Sq Ft
5,227 Sq Ft Lot

Last Sold March 31, 2021

Last sale price $125,000 $47 Per Sq Ft

126 Days on Market

Highlights

  • Lower Floor Utility Room
  • 1 Car Detached Garage
  • Forced Air Heating System
  • Memorial High School Rated 9+

About This Home

As of March 2021

This large 5-plex is located on a corner lot and has an excellent rental history. There are two 1 bedroom/1 bath units on the main level and two 1 bedroom/1 bath units on the upper level along with a 2 bedroom/1 bath unit in the lower level which rents for $575 a month. Upper level units include a covered deck and the lower 2 bedroom unit includes washer and dryer hookups. Other features include wood floors and a new 1 car detached garage. At almost $2,500 a month in rents, there is more than enough to cover your expenses and still collect an income or reinvest into property upgrades.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 08/19/2020

Last Buyer's Agent

Chris Eilrich

Wildwoods Land Company Listed on: 08/19/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,300

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 75 x 72

Parking

  • 1 Car Detached Garage

Home Design

  • Quadruplex
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Composition Shingle

Interior Spaces

  • 2-Story Property
  • Lower Floor Utility Room
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement
  • Bedroom in Basement
  • Finished Basement Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for internet service, cable TV
  • Assessor Parcel Number 030-0060-00050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,300

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Class: MULTI-FAMILY
  • Directions: 338 S. 4th Ave E in Ely.
  • L O1 Office Phone1 Number: 218-365-3665
  • Taxes With Assessments: 4442
  • Tax Year: 2020
  • Lot Description Waterfront: No
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2176
  • Below Grade Finished Sq Ft: 500
  • Garage Type: Detached
  • Heat: Forced Air, Propane
  • Parking Number Garage Spaces: 1
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 6
  • MediaType: Fourplex
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Finished, Apartment, Bath, Bedrooms, Kitchen, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 5
  • Total Fin Square Footage: 2676

Exterior Features

  • Road Frontage: City
  • Exterior: Composition

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 75 x 72
  • Estimated Number of Acres: 0.12
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 030-0060-00050

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Internet Service, Cable TV

Tax Info

  • Tax Amount: 2299.78

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
03/31/2021 03/31/21 Sold $125,000 -3.1% $47 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $129,000 -- $48 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    29 in this area

    149 Total Sales

    Chris Eilrich
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6092474

Minnesota St Louis County Ely 55731

334 S 4th Ave E, Ely, MN

Not Listed for Sale

MultiFamily

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