1116 E Madison St, Ely, MN 55731
OFF MARKET

1116 E Madison St
Ely, MN 55731

  • 4 Beds
  • 2 Baths
  • 1,536 sqft

$193,300

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $1,215/mo*
Refinance Your Home

$193,300

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $1,215/mo*
Refinance Your Home
4 Beds
2 Baths
1,536 sqft

Local Information

  • Map ViewExplore the area around 1116 E Madison St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1978
Living Area
1,536 sqft
Price/Sqft
$126
Parking
Garage

About this House

This single-family home is located at 1116 E Madison St, Ely, MN. 1116 E Madison St is in Ely, MN and in ZIP code 55731. This property has 4 bedrooms, 2 bathrooms and approximately 1,536 sqft of floor space. This property was built in 1978.
1116 E Madison St, Ely, MN 55731 is a 4 bedroom, 2 bathroom, 1,536 sqft single-family home built in 1978. It last sold for $47,000 on May 11, 2017. It is currently off market. The Trulia Estimate is $193,300, with a rent estimate of $1,956/month.

Home Details for 1116 E Madison St

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Exterior Features

Exterior Home Features
DeckExterior: Wood
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Price History for 1116 E Madison St

DatePriceEventSource
05/11/2017$47,000Sold
N/A
11/26/2014$47,000Sold
N/A
09/04/2014$47,000Sold
N/A
02/24/2012$60,000Sold
N/A

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Property Tax and Assessment

Year2024
Tax$1,654
Assessment$138,500
Home facts updated by county records

Comparable Sales for 1116 E Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1027 E Chapman St, Ely, MN
0.18
Single-Family Home
$180,500
10/15/25
4
2
1,496
1151 E Camp St, Ely, MN
0.06
Single-Family Home
$221,000
02/19/26
3
3
1,975
1419 E Chapman St, Ely, MN
0.27
Single-Family Home
$249,000
07/29/26
3
1.5
1,480
1127 E Chapman St, Ely, MN
0.17
Single-Family Home
$190,000
08/29/25
2
1.5
1,138
1249 E Madison St, Ely, MN
0.14
Single-Family Home
$220,000
06/02/26
3
3
2,940
246 N 5th Ave E, Ely, MN
0.44
Single-Family Home
$165,500
05/01/26
3
1.5
1,346
1510 E Conan St, Ely, MN
0.41
Single-Family Home
$150,000
09/09/25
3
2
1,214
1250 E Madison St, Ely, MN
0.13
Single-Family Home
$143,000
11/19/25
2
2
800
1239 E Washington St, Ely, MN
0.16
Single-Family Home
$234,000
05/04/26
3
1
1,160
549 E Washington St, Ely, MN
0.38
Single-Family Home
$60,000
10/08/25
3
1
787

Nearby homes

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Assigned Schools

These are the assigned schools for 1116 E Madison St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Ely

At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 69 % Say it's walkable to grocery stores

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
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  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
    Flag
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
    Flag
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
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  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
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Apartments for Rent

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Homes for sale near 1116 E Madison St

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Off Market Homes Near 1116 E Madison St

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Frequently asked questions about 1116 E Madison St

  • What is 1116 E Madison St estimated to be worth?
    Trulia's estimated value for 1116 E Madison St in Ely, MN is $193,300.
  • What is the price history for 1116 E Madison St?
    1116 E Madison St in Ely, MN last sold for $47,000 in May 2017.
  • Is Ely a buyer's or seller's market?
    Ely is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Ely?
    Residents describe Ely, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Ely, MN.
  • Does 1116 E Madison St have air conditioning?
    Yes, 1116 E Madison St in Ely, MN has air conditioning.
  • Does 1116 E Madison St have a garage?
    Yes, 1116 E Madison St in Ely, MN has a garage.