1027 E Chapman Street, Ely, MN 55731

Local realty services provided by:ERA Gillespie Real Estate
1027 E Chapman Street,Ely, MN 55731
$179,000
  • 4 Beds
  • 2 Baths
  • 1,496 sq. ft.
  • Single family
  • Pending
Listed by:barbara l hegg
Office:vermilion land office, inc.
MLS#:6755734
Source:NSMLS

Price summary

  • Price:$179,000
  • Price per sq. ft.:$83.49

About this home

Spacious 4-Bed, 2-Bath Family Home in Ely, MN – With Income Potential! Welcome to this versatile home located on the east end of Ely—perfect for growing families or those looking to offset their mortgage with rental income. This property offers two fully functional living spaces, with a kitchen and living room on both floors. Ideal for multi-generational living, a mother-in-law suite, or a long-term or short-term rental. Restored maple flooring adds warmth and charm throughout, newer tip-out windows bring in natural light and are easy to clean. Sitting on five city lots, there's ample space for kids to play, gardening, or building a future garage or workshop. Located in a residential area close to schools, parks, and downtown Ely. Live comfortably on the main floor and rent out the upper level for extra income. Great opportunity to own a home with built-in rental flexibility Could also serve as a seasonal cabin or vacation rental (VRBO, Airbnb). A great opportunity!

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Home facts

  • Year built:1915
  • Listing ID #:6755734
  • Added:75 day(s) ago
  • Updated:September 29, 2025 at 01:43 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,496 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Roof:Asphalt
  • Year built:1915
  • Building area:1,496 sq. ft.
  • Lot area:0.43 Acres

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$179,000
  • Price per sq. ft.:$83.49
  • Tax amount:$2,983 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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