Estimated payment $1,692/month
Highlights
- Very Popular Property
- Post and Beam
- Corner Lot
- Memorial High School Rated 9+
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!
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
- 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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/30/2026 04/30/26 | For Sale | $256,000 | -- | $98 / Sq Ft |
About the Listing Agent
I'm an expert real estate broker with Grand Properties in Duluth, MN, Grand Rapids, MN, Ely, MN and everywhere in between! We provide home-buyers and sellers with elevated level of professionalism, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
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Source: NorthstarMLS
MLS Number: 7064870
APN: 28-6311-21040
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Ask me questions while you tour the home.