NOT LISTED FOR SALE

437 2nd Ave E Ely, MN 55731

8 Beds
4 Baths
11,127 Sq Ft
0.46 Acres

Last Sold January 04, 2023

Last sale price $345,000 $31 Per Sq Ft

283 Days on Market

About This Home

As of January 2023

Multi unit rental bldgs in Ely. Great long term / strong rental history. Seven garage spaces available, large 125x162 lot. Sixapartment units with two floors have approximately 1152 sq ft each (not including the basement) and the home unit that is a ranchstyle home features 759 sqt ft (not including the basement). All units feature two large bedrooms, spacious living room, eat inkitchen, some with breakfast bars or islands. Updates included fresh paint, flooring, private basements with own laundry facilities,blinds, hardwood floors, an appliances. Two units have propane gas and the others have forced air fuel oil. Convenient location in Ely, close to it all, but far enough away !

Last Agent to Sell the Property

Andrea Zupancich

Z'Up North Realty, Inc. Listed on: 03/01/2022

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,621

Year Built

  • Built in 1930

Lot Details

  • 0.46

Parking

  • 6 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Storage

Additional Features

  • Lot Dimensions are 125x162
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 030005002340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,621

Year Built

Built in 1930

Lot Details

0

Parking

6

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 6
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 7671
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Single Tenant Access, Storage Space
  • Living Area: 11127
  • Fireplace: No
  • Below Grade Finished Sq Ft: 3456
  • Basement YN: Yes
  • Amenities: Kitchen Center Island,Panoramic View,Tile Floors
  • Appliances: Dryer,Range
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Other,Propane

Schools

  • Junior High Dist: Ely
  • SchoolDistrictPhone: 218-365-6166

Lot Info

  • Lot Size: 125x162
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement
  • Units Total: 4

Rental Info

  • Expenses: 18000.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 030005002340
  • Tax Annual Amount: 3621
  • TaxWithAssessments: 3796.0000

Multi Family

  • Resident Manager Expense: 2500

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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Average Value
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List Price
Sold Price
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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 Prior Sale
01/04/2023 01/04/23 Sold $345,000 0.0% $31 / Sq Ft
12/16/2022 12/16/22 Sold $345,000 -19.6% $31 / Sq Ft View Prior Sale
12/09/2022 12/09/22 Pending -- -- --
10/26/2022 10/26/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $429,000 0.0% $39 / Sq Ft
03/01/2022 03/01/22 For Sale $429,000 -- $39 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6158205

NorthstarMLS

APN: 030-0050-02340