1116 E Madison St, Ely, MN 55731
OFF MARKET

$133,200

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 1,536 sqft

1116 E Madison St, Ely, MN 55731

Est. Refi. Payment $919/mo*
Refinance Your Home
Currently Off Market - Sold May 11, 2017 for $47,000

Home Value

Trulia Estimate
$133K
Since last month
Decreased$43K (-24.4%)
Since last year
Decreased$52K (-28%)
Since last sale
Increased$86K (+183.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +182% in the last 10 years
MonthEstimated value
2026
September 2026$133K
August 2026$176K
July 2026$179K
June 2026$179K
May 2026$182K
April 2026$178K
March 2026$172K
February 2026$153K
January 2026$146K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
954 E Camp St, Ely, MN
0.15
Single-Family Home
$150,000
09/17/26
4
2
1,450
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
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
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
1505 E Harvey St, Ely, MN
0.34
Single-Family Home
$265,000
08/27/26
3
2
2,128

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1127 E Madison St, Ely, MN 55731
0.04
$213,400
3
2.5
1,354
Off Market
1115 E Madison St, Ely, MN 55731
0.04
$299,100
4
2.5
1,821
Off Market
1111 E Camp St, Ely, MN 55731
0.03
$165,000
3
1
1,238
For Sale
1145 E Camp St, Ely, MN 55731
0.05
$199,500
3
2
1,800
Off Market
1151 E Camp St, Ely, MN 55731
0.06
$221,000
3
3
1,975
Recently Sold
1203 E Camp St, Saint Ely, MN 55731
0.08
$167,600
2
1
-
Off Market
1211 E Camp St, Ely, MN 55731
0.10
$139,900
2
1
1,064
For Sale
1004 Madison St, Ely, MN 55731
0.10
$187,100
2
2
1,650
Off Market
1229 E Sheridan St, Ely, MN 55731
0.12
$154,900
2
1.5
1,012
Recently Sold
1003 E Camp St, Ely, MN 55731
0.10
$228,300
2
2
1,936
Off Market
1020 E Camp St, Ely, MN 55731
0.10
$141,300
3
1
1,050
Off Market

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

Single-Family Home
Built in 1978
1,536 sqft
$87/sqft
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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $133,200, with a rent estimate of $2,073/month.

Home Details for 1116 E Madison St

Interior Features

Levels, Entrance, & Accessibility
Stories: 2
Heating & Cooling
Air ConditioningCooling System: Central

Property Information

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

Exterior Features

Exterior Home Features
DeckFoundation Type: Piers
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Price and Tax history

DateEventPrice
May 11, 2017
Source: N/A
Sold
$47,000
Nov 26, 2014
Source: N/A
Sold
$47,000
Sep 4, 2014
Source: N/A
Sold
$47,000
Feb 24, 2012
Source: N/A
Sold
$60,000

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

Around this home

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. "
    0
    Flag
  • 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
    Flag
  • 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
    Flag

LGBTQ Local Legal Protections

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 $133,200.
  • 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.

Apartments for Rent

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Off Market Homes Near 1116 E Madison St

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