437 2nd Ave Ely, MN
$ 429,000
Property Attributes
  • MLS#6098899
  • TypeMulti-Family
  • CityEly
  • AreaEly
  • Zip55731
  • StyleMultiple Buildings
  • Year Built1930
  • Taxes$ 3621
  • Price$ 429,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage11023
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
Z' Up North Realty
Data Source:
Lake Superior Area of REALTORS® (LSAR) - 389 - MN
Property Description

Multi unit rental bldgs in Ely. Great long term / strong rental history. Seven garage spaces available, large 125x162 lot. Six apartment units with two floors have approximately 1152 sq ft each (not including the basement) and the home unit that is a ranch style home features 759 sqt ft (not including the basement). All units feature two large bedrooms, spacious living room, eat in kitchen, 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 you not only have potential for rent increases, but you could live in the ranch home as well. Well maintained and lovingly cared. With the high demand of rental units, here's one to take a serious look at with minimal work required due to the excellent maintenance these units have had.

Price History
8/7/2021 Listed $429,000

General Features

Exterior Features Patio
Heating Forced Air, Propane, Oil
Number of Units 7
Roof Asphalt Shingles
School District Ely #696
Stories 2 Story

Exterior Features

Latitude 47.89795
Longitude -91.864303
Exterior Cement Board
Garage Spaces 7


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55731

AVG $430K
AVG $3,621
Year Built
AVG 1930
AVG 55
Data Provided by Walkscore ® not using MLS data

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