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218 N 1st Ave, Ely, MN 55731

Ely
Local realty services provided by:CENTURY 21 Atwood
218 N 1st Ave,Ely, MN 55731
$198,500
  • 2 Beds
  • 2 Baths
  • 1,636 sq. ft.
  • Multi-family
  • Active
Listed by: anna yahnke
Office: bear island realty llc.
MLS#:6128015
Source:MN_DAAR

Price summary

  • Price:$198,500
  • Price per sq. ft.:$121.33

About this home

Investment opportunity in the heart of Ely! Turnkey dual-income potential. This beautifully maintained duplex features two freshly updated, independent living spaces with modern conveniences throughout. Main Level Unit offers 1+ bedrooms, an updated full bath, and a bright, spacious kitchen with a dedicated dining area. Enjoy single-level convenience complete with a large mudroom and main-floor laundry. Upper-Level Unit is a freshly renovated 1-bedroom apartment featuring an open-concept kitchen, dining, and living area, plus an oversized bathroom with built-in laundry. Enjoy peace of mind with a fully compliant sewer lateral already completed. Separate laundry setups and strong functional layouts make this a low-maintenance, high-demand addition to any portfolio.

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Home facts

  • Year built:1920
  • Listing ID #:6128015
  • Added:24 day(s) ago
  • Updated:October 12, 2026 at 03:54 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Kitchen Description:Range, Refrigerator
  • Basement Description:Full
  • Living area:1,636 sq. ft.

Heating and cooling

  • Heating:Forced Air, Propane

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1920
  • Building area:1,636 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Vinyl
  • Foundation Description:Concrete

Utilities

  • Water:City

Finances and disclosures

  • Price:$198,500
  • Price per sq. ft.:$121.33
  • Tax amount:$2,195 (2026)

Features and amenities

  • Appliances:Dryer, Range, Refrigerator, Washer
  • Laundry features:Dryer, Washer

Parking

  • Parking description:Off Street
2026, Lake Superior Area REALTORS, Inc. MN_DAAR Member Broker: Kevin Sharkey

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