$256,000

429 S 4th Ave E Ely, MN 55731

Estimated payment $1,692/month

Total Views 2,791
7 Beds
4 Baths
2,600 Sq Ft
$98 Price per Sq Ft

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!

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
  • 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

  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: NorthstarMLS

About the Listing Agent

Joseph Tome

GRAND PROPERTIES REAL ESTATE

(218) 875-0050

Section Image

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.

Joseph's Other Listings

  • 429 Coventry Rd, Hoyt Lakes, MN 55750

    $139,900 Pending

    • 3 Beds
    • 2.5 Baths
    • 1,568 Sq Ft
    • 429 Coventry Rd
    • Hoyt Lakes, MN

    From the moment you pull up in front of this home the curb appeal has you hooked! Beautiful stone in the front catches your eye immediately and the attached 2 stall garage is tucked toward the back so you have ample space in the front yard and driveway. This home has been very well maintained by the current and previous owners and has some old world charm mixed with some modern updates.

    Joseph Tome GRAND PROPERTIES REAL ESTATE

    Section Image
  • 15542 County Road 540, Nashwauk, MN 55769

    $425,000

    • 2 Beds
    • 2 Baths
    • 2,000 Sq Ft
    • 15542 County Road 540
    • Nashwauk, MN

    Peacefully sitting down a dead end road is this beautifully remodeled 2+ bedroom 2 bathroom year round home! With stunning views of Buck Lake in the living room, dining room, kitchen, and basement den. The big deck overlooking the lake is amazing for entertaining and a conveniently placed 3 season porch off the side of the house gives you a great spot to enjoy the calm and quiet setting. A nice

    Joseph Tome GRAND PROPERTIES REAL ESTATE

    Section Image
  • 1051 85th Ave W, Duluth, MN 55808

    $99,900

    • 2 Beds
    • 0.5 Baths
    • 735 Sq Ft
    • 1051 85th Ave W
    • Duluth, MN

    Check out this affordable living with a ton of potential in Morgan Park! This 2 bedroom 1 Bathroom townhouse has hardwood floors, new boiler, a beautiful garden space, comfortable living space, graciously sized bedrooms, off street parking, and a nice back deck to relax on. As an end unit you share a single wall and have lots of natural light. There are no HOA fees with this property, the

    Joseph Tome Grand Properties

    Section Image
  • 9482 State Highway 13, South Range, WI 54874

    $429,900

    • 3 Beds
    • 2 Baths
    • 2,187 Sq Ft
    • 9482 State Highway 13
    • South Range, WI

    Discover the perfect blend of sustainability and serenity with this exceptional zero-energy home set on 32 breathtaking acres. Designed for ultimate efficiency, this insulated above code residence features a ground-source heat pump for heating and cooling, triple-pane windows, and an impressive 11.4 kW solar array—delivering comfort with minimal environmental impact and energy costs. Although

    Joseph Tome Grand Properties

    Section Image
  • 1537 W Moorhead Rd, Cloquet, MN 55720

    $249,900 Pending

    • 2 Beds
    • 1 Bath
    • 1,020 Sq Ft
    • 1537 W Moorhead Rd
    • Cloquet, MN

    Looking for a home you can just move into and make your own? Look no further! The well thought out kitchen has cabinet for days and plenty of counterspace. Great one level living opportunity with the washer and dryer in the bathroom as well as an attractive walk in shower. If the oversized 2 stall garage isn't enough there is a separate single stall garage to help you out! The metal roof has a

    Joseph Tome Grand Properties

    Section Image
  • TBD E Deer Lake Rd, Grand Rapids, MN 55744

    $75,000 Pending

    • Land
    • 4.54 Acres
    • $16,520 per Acre
    • TBD E Deer Lake Rd
    • Grand Rapids, MN

    Own an affordable piece of lakeshore just minutes from town! This 4.5+ acre lot has an amazing vantage point for a beautiful view over the lake. The lot undeveloped, mostly high ground, and ready for you to make it your own. With lots of oaks and maples you'll have plenty of wildlife right at your back door! Whether your looking to build or just clear a spot for a camper you can't beat the

    Joseph Tome GRAND PROPERTIES REAL ESTATE

    Section Image
  • 29584 Sunny Beach Rd, Grand Rapids, MN 55744

    $599,900 Pending

    • 5 Beds
    • 3 Baths
    • 4,456 Sq Ft
    • 29584 Sunny Beach Rd
    • Grand Rapids, MN

    Meandering down Sunny Beach Rd and sneaking views of Pokegama Lake and then gazing at your 10 acres of beautiful hardwoods as you pull in your driveway will make you fall in love with this property. The big covered front porch greets you and gives entry into a foyer with natural light beaming through a skylight. Hang a right into the the big living room with vaulted tongue and groove ceilings and

    Joseph Tome GRAND PROPERTIES REAL ESTATE

    Section Image
  • 25185 Moreau Rd, Aitkin, MN 56431

    $399,900

    • 3 Beds
    • 2 Baths
    • 1,350 Sq Ft
    • 25185 Moreau Rd
    • Aitkin, MN

    Experience the best of lake life in every season at this charming Upper Dean Lake retreat. Spend summer days boating, fishing, and watching swans and loons drift by, then cozy up in winter with ice fishing, snowmobiling, skiing, and even the chance to catch the northern lights. Just minutes from Aitkin, Emily, Crosslake, and Crosby, you’ll enjoy easy access to golf, dining, trails, state parks,

    Joseph Tome GRAND PROPERTIES REAL ESTATE

    Section Image
  • 539 E Chapman St, Ely, MN 55731

    $122,000 Sold May 16, 2025

    • 3 Beds
    • 1.5 Baths
    • 1,152 Sq Ft
    • 539 E Chapman St
    • Ely, MN

    Conveniently located smack dab in the middle of everything Ely has to offer! This 3 bedroom 2 bath home is bright and airy with good sized bedrooms, a fenced in yard, 2 stall garage with an extra parking spot outside, a nice back deck, and big kitchen space. No need to drive to the bait shop or to get gas, just walk across the alley and you'll be ready to hit the water in minutes! The newer

    Joseph Tome Grand Properties

Source: NorthstarMLS

MLS Number: 7064870

NorthstarMLS

APN: 28-6311-21040

Your Personal Tour Guide

Ask me questions while you tour the home.