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429 S 4th Ave E, Ely, MN 55731

Ely
Local realty services provided by:CENTURY 21 Atwood
429 S 4th Ave E,Ely, MN 55731
$256,000
  • 7 Beds
  • 4 Baths
  • 2,600 sq. ft.
  • Multi-family
  • Active
Listed by: joseph tome
Office: grand properties
MLS#:6124897
Source:MN_DAAR

Price summary

  • Price:$256,000
  • Price per sq. ft.:$98.46

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 #:6124897
  • Added:46 day(s) ago
  • Updated:June 17, 2026 at 12:08 PM

Rooms and interior

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

Heating and cooling

  • Heating:Boiler, Oil

Structure and exterior

  • Year built:1900
  • Building area:2,600 sq. ft.
  • Lot area:0.21 Acres
  • Construction Materials:Fiber Board
  • Foundation Description:Rock

Utilities

  • Water:City

Finances and disclosures

  • Price:$256,000
  • Price per sq. ft.:$98.46
  • Tax amount:$3,902 (2025)

Parking

  • Garage:Yes
  • Garage spaces:1
2026, Lake Superior Area REALTORS, Inc. MN_DAAR Member Broker: Kevin Sharkey

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