429 S 4th Ave E Ely, MN 55731

$256,000
Active
estimated monthly payment
7 Beds  |  4 Baths  |  2,600 Sq Ft  |  Triplex  |  MLS # 6124897
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About The Listing

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!


Listing courtesy of Joseph Tome, Grand Properties
Purchase Price
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Property Details

Features

 
 
 
Property Type: Multi Family
Status: Active
Contingency Type: Inspection (MN Only)
Year Built: 1900
MLS #: 6124897
Bedrooms: 7
Square Feet: 2,600
Price Per Square Foot: $98
Garage Spaces: 1
Parking Description: Detached
Sewer Description: City
Water: City
Heat Type: Boiler,Oil
Construction Description: Timber/Post & Beam
Days On Market (Continuous): 31
Latest Update: 06/01/2026
List Date: 04/30/2026
Listing Agent ID: 113825
Listing Office: Grand Properties
Listing Office ID: 31813
Data Source: LSAR - Lake Superior Area REALTORS
Lot Dimensions: 125x75x125x75
Lot Size: 0.21 Acres
School District: Ely
Tax Year: 2025
Estimated Taxes: $3,902
Contingency Type: Inspection (MN Only)
City: Ely
Zip: 55731
Area: LSAR
County: St. Louis County
State: MN
Listing last updated: 06/01/26

The information published and disseminated by the service is communicated verbatim, without change by the service, as filed with the service by the participant. The service does not verify such information provided and disclaims any responsibility for its accuracy. Each participant agrees to hold the service harmless against any liability arising from any inaccuracy or inadequacy of the information such participant provides.