$256,000

429 S 4th Ave E Ely, MN 55731

Estimated payment $1,708/month

Total Views 9,506
7 Beds
4 Baths
2,600 Sq Ft
$98 Price per Sq Ft

Highlights

  • Post and Beam
  • Memorial High School Rated 9+
  • Corner Lot

About This Home

A piece of history set back on 3 city lots on the corner of 4th Avenue and James Street. This Triplex has been loved and cared for for over 30 years. The main floor has a 3 bedroom apartment and an efficiency apartment each with their own off street parking spots, kitchens, bathrooms, and access to the basement for separate laundry areas. The upstairs is a 4+ bedroom with in unit laundry and a huge attic space that could be storage or it has the potential to be 2 extra bedrooms and has amazing views. The yard is huge with a beautiful stone retaining wall on the south side, a big garden, blister-rust resistant white pines and a beautiful sugar maple tree. This property is easily customizable to combine the entire 1st level or add a bedroom to the efficiency. Grab yourself a piece of history and a rare cash flowing rental property in the amazing town of Ely!

Listing Agent

Joseph Tome

GRAND PROPERTIES REAL ESTATE Listed on: 04/30/2026

Co-Listing Agent

Erin Bowers

GRAND PROPERTIES REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,902

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 125x75x125x75
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Post and Beam
  • Stone Foundation
  • Fiberglass Siding

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Radiator
  • Boiler Heating System
  • Heating System Uses Oil
  • 100 Amp Service

Community Details

  • 3 Units
  • Whites Add To Ely Subdivision

Listing and Financial Details

  • Assessor Parcel Number 030035000470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,902

Year Built

Built in 1900

Lot Details

9,148 Sq Ft Lot

Parking

1

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Outside Features: Fiber Board
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2600
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 2600
  • Basement YN: Yes
  • Appliances: Range, Refrigerator
  • Appliances: Range, Refrigerator
  • Total Rooms: 14

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Foundation Details: Stone

Garage/Parking

  • Other Parking Spaces: 1

Utilities

  • Heating: Boiler, Radiator
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Oil
  • Power Company: City of Ely

Schools

  • Junior High Dist: Ely
  • SchoolDistrictPhone: 2183656166

Lot Info

  • Waterfront YN: No
  • Lot Size: 125x75x125x75
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Post and Beam
  • Units Total: 3

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 030035000470
  • Tax Annual Amount: 3902
  • TaxWithAssessments: 3902

Multi Family

  • ElectricExpense: 2400
  • FuelExpense: 1300
  • Number Of Refrigerators: Three

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,048 $187,500 $13,900 $173,600
2023 $3,902 $177,800 $13,500 $164,300
2022 $2,886 $146,400 $12,800 $133,600
2021 $2,880 $122,900 $11,600 $111,300
2020 $2,620 $110,200 $11,600 $98,600
2019 $1,290 $110,200 $11,600 $98,600
2018 $1,214 $108,600 $11,600 $97,000
2017 $1,230 $105,100 $11,500 $93,600
2016 $1,336 $113,000 $11,600 $101,400
2015 $1,234 $77,400 $8,500 $68,900
2014 $1,234 $77,400 $8,500 $68,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/30/2026 04/30/26 For Sale $256,000 -- $98 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 7064870

NorthstarMLS

APN: 28-6311-21040

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