123 N Central Ave, Ely, MN 55731
OFF MARKET

123 N Central Ave
Ely, MN 55731

  • Studio
  • 1,242 sqft

$185,300

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $1,168/mo*
Refinance Your Home

$185,300

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $1,168/mo*
Refinance Your Home
Studio
1,242 sqft

Local Information

  • Map ViewExplore the area around 123 N Central Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1910
Living Area
1,242 sqft
Price/Sqft
$149
Parking
Garage

About this House

This single-family home is located at 123 N Central Ave, Ely, MN. 123 N Central Ave is in Ely, MN and in ZIP code 55731. This property has approximately 1,242 sqft of floor space. This property was built in 1910.
123 N Central Ave, Ely, MN 55731 is a studio, 1,242 sqft single-family home built in 1910. It last sold for $179,900 on Jun 13, 2025. It is currently off market. The Trulia Estimate is $185,300, with a rent estimate of $1,669/month.

Home Details for 123 N Central Ave

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2Elevator

Property Information

Year Built
Year Built: 1910Year Updated: 1960
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Exterior Features

Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 1098

Price History for 123 N Central Ave

DatePriceEventSource
06/13/2025$179,900Sold
N/A
04/06/2022$140,000Sold
N/A
04/17/2018$132,500Sold
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$2,974
Assessment$138,500
Home facts updated by county records

Comparable Sales for 123 N Central Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
27 E Harvey St, Ely, MN
0.16
Single-Family Home
$172,000
04/14/26
2
1.5
1,041
139 E Chapman St, Ely, MN
0.16
Single-Family Home
$159,250
11/10/25
-
1,444
232 W Sheridan St, Ely, MN
0.17
Single-Family Home
$194,000
10/06/25
3
1
963
235 E Harvey St, Ely, MN
0.24
Single-Family Home
$164,000
06/18/26
3
2
1,299
45 W Chapman St, Ely, MN
0.10
Single-Family Home
$115,000
06/29/26
4
1.5
1,500
124 E White St, Ely, MN
0.32
Single-Family Home
$195,000
04/06/26
3
3
1,200
21 E Harvey St, Ely, MN
0.15
Single-Family Home
$90,000
08/15/25
3
1
1,299
85 W Chandler St., Ely, MN
0.33
Single-Family Home
$161,000
11/04/25
3
1
1,275
23 W Harvey St, Ely, MN
0.15
Single-Family Home
$190,000
04/06/26
4
1.5
2,484
403 E Camp St, Ely, MN
0.31
Single-Family Home
$143,000
08/19/25
2
1
1,222

Nearby homes

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Assigned Schools

These are the assigned schools for 123 N Central Ave.
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 123 N Central Ave

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Off Market Homes Near 123 N Central Ave

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Frequently asked questions about 123 N Central Ave

  • What is 123 N Central Ave estimated to be worth?
    Trulia's estimated value for 123 N Central Ave in Ely, MN is $185,300.
  • What is the price history for 123 N Central Ave?
    123 N Central Ave in Ely, MN last sold for $179,900 in June 2025.
  • 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 123 N Central Ave have a garage?
    Yes, 123 N Central Ave in Ely, MN has a garage.