1121 E Madison St, Ely, MN 55731
OFF MARKET

$334,800

Trulia Estimate
  • 5 Beds
  • 2.5 Baths
  • 2,350 sqft

1121 E Madison St, Ely, MN 55731

Est. Refi. Payment $2,196/mo*
Refinance Your Home
Currently Off Market - Sold Aug 3, 2022 for $299,000

Home Value

Trulia Estimate
$335K
Since last month
Decreased$2K (-0.5%)
Since last year
Increased$8K (+2.3%)
Since last sale
Increased$36K (+12%)
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 +430% in the last 10 years
MonthEstimated value
2026
September 2026$335K
August 2026$337K
July 2026$339K
June 2026$343K
May 2026$339K
April 2026$331K
March 2026$328K
February 2026$322K
January 2026$316K
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
1151 E Camp St, Ely, MN
0.08
Single-Family Home
$221,000
02/19/26
3
3
1,975
1249 E Madison St, Ely, MN
0.12
Single-Family Home
$220,000
06/02/26
3
3
2,940
1505 E Harvey St, Ely, MN
0.36
Single-Family Home
$265,000
08/27/26
3
2
2,128
954 E Camp St, Ely, MN
0.18
Single-Family Home
$150,000
09/17/26
4
2
1,450
313 E Chapman St, Ely, MN
0.63
Single-Family Home
$216,000
03/02/26
4
2.5
1,824
1027 E Chapman St, Ely, MN
0.22
Single-Family Home
$180,500
10/15/25
4
2
1,496
712 E Pattison St, Ely, MN
0.58
Single-Family Home
$249,900
05/29/26
3
2
1,170
1239 E Washington St, Ely, MN
0.13
Single-Family Home
$234,000
05/04/26
3
1
1,160
1419 E Chapman St, Ely, MN
0.29
Single-Family Home
$249,000
07/29/26
3
1.5
1,480
416 E Camp St, Ely, MN
0.54
Single-Family Home
$200,000
01/09/26
2
1.5
1,550

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
0.01
$213,400
3
2.5
1,354
Off Market
1115 E Madison St, Ely, MN 55731
0.01
$299,100
4
2.5
1,821
Off Market
1111 E Camp St, Ely, MN 55731
0.07
$165,000
3
1
1,238
For Sale
1145 E Camp St, Ely, MN 55731
0.08
$199,500
3
2
1,800
Off Market
1151 E Camp St, Ely, MN 55731
0.08
$221,000
3
3
1,975
Recently Sold
1203 E Camp St, Saint Ely, MN 55731
0.10
$167,600
2
1
-
Off Market
1211 E Camp St, Ely, MN 55731
0.11
$139,900
2
1
1,064
For Sale
1004 Madison St, Ely, MN 55731
0.11
$187,100
2
2
1,650
Off Market
1229 E Sheridan St, Ely, MN 55731
0.15
$154,900
2
1.5
1,012
Recently Sold
1003 E Camp St, Ely, MN 55731
0.13
$228,300
2
2
1,936
Off Market
1020 E Camp St, Ely, MN 55731
0.14
$141,300
3
1
1,050
Off Market

Local Information

  • Map ViewExplore the area around 1121 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 1900
2,350 sqft
$142/sqft
Garage

About this House

What's unique:Fully furnished homeBreakfast barNortheast part of townBonus roomUpgraded kitchenSpacious great room
This single-family home is located at 1121 E Madison St, Ely, MN. 1121 E Madison St is in Ely, MN and in ZIP code 55731. This property has 5 bedrooms, 3 bathrooms and approximately 2,350 sqft of floor space. This property has a lot size of 6098 sqft and was built in 1900.
1121 E Madison St, Ely, MN 55731 is a 5 bedroom, 3 bathroom, 2,350 sqft single-family home built in 1900. It last sold for $299,000 on Aug 3, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $334,800, with a rent estimate of $2,321/month.

Home Details for 1121 E Madison St

Interior Features

Interior Details
BasementTypes of Rooms: Office
Levels, Entrance, & Accessibility
Stories: 2
Heating & Cooling
Air ConditioningCooling System: Central

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Vinyl
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 6534 sqft

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Aug 3, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6102373
Sold
$299,000
May 6, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6102373
Pending
$299,900
Apr 25, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6102373
Listed For Sale
$299,900
Apr 17, 2020
Source: Lake Superior Area Realtors as distributed by MLS GRID #6088706
Sold
$175,000
Mar 17, 2020
Source: Agent Provided
Pending
$175,000

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 1121 E Madison St

  • What is 1121 E Madison St estimated to be worth?
    Trulia's estimated value for 1121 E Madison St in Ely, MN is $334,800.
  • What is the price history for 1121 E Madison St?
    1121 E Madison St in Ely, MN last sold for $299,000 in August 2022.
  • 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 1121 E Madison St have air conditioning?
    Yes, 1121 E Madison St in Ely, MN has air conditioning.
  • How big is the lot at 1121 E Madison St?
    The lot at 1121 E Madison St in Ely, MN is about 0.14 acres (6,098 sq ft).

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