429 S 4th Avenue E, Ely, MN 55731

Ely
Local realty services provided by:ERA Prospera Real Estate
429 S 4th Avenue E,Ely, MN 55731
$256,000
  • 7 Beds
  • 4 Baths
  • 2,600 sq. ft.
  • Multi-family
  • Active
Listed by: joseph tome, erin bowers
Office: grand properties real estate
MLS#:7064870
Source:NSMLS

Price summary

  • Price:$256,000
  • Price per sq. ft.:$65.64

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!

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Home facts

  • Year built:1900
  • Listing ID #:7064870
  • Added:17 day(s) ago
  • Updated:May 18, 2026 at 11:55 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,600 sq. ft.

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Roof:Age 8 Years or Less, Asphalt
  • Year built:1900
  • Building area:2,600 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Corner Lot
  • Levels:2+ Story

Utilities

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

Finances and disclosures

  • Price:$256,000
  • Price per sq. ft.:$65.64
  • Tax amount:$3,902 (2025)

Parking

  • Garage:Yes
  • Garage spaces:1
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