1244 E Madison St, Ely, MN 55731
Property image
Property image
OFF MARKET

$101,800

Trulia Estimate
  • 1 Bed
  • 2 Baths
  • 772 sqft

1244 E Madison St, Ely, MN 55731

Est. Refi. Payment $720/mo*
Refinance Your Home
Currently Off Market - Sold Mar 23, 2023 for $80,000

Home Value

Trulia Estimate
$102K
Since last month
Decreased$4K (-4.1%)
Since last year
Decreased$9K (-8.5%)
Since last sale
Increased$22K (+27.3%)
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 +110% in the last 10 years
MonthEstimated value
2026
September 2026$102K
August 2026$106K
July 2026$107K
June 2026$106K
May 2026$106K
April 2026$102K
March 2026$98K
February 2026$99K
January 2026$98K
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
1229 E Sheridan St, Ely, MN
0.11
Single-Family Home
$154,900
05/08/26
2
1.5
1,012
1135 E Harvey St, Ely, MN
0.26
Single-Family Home
$112,000
05/11/26
2
1
1,250
954 E Camp St, Ely, MN
0.27
Single-Family Home
$150,000
09/17/26
4
2
1,450
1249 E Madison St, Ely, MN
0.04
Single-Family Home
$220,000
06/02/26
3
3
2,940
1250 E Madison St, Ely, MN
0.01
Single-Family Home
$143,000
11/19/25
2
2
800
1151 E Camp St, Ely, MN
0.08
Single-Family Home
$221,000
02/19/26
3
3
1,975
1239 E Washington St, Ely, MN
0.10
Single-Family Home
$234,000
05/04/26
3
1
1,160
845 E White St, Ely, MN
0.48
Single-Family Home
$108,960
12/22/25
2
1
1,150
1505 E Harvey St, Ely, MN
0.26
Single-Family Home
$265,000
08/27/26
3
2
2,128
124 S 14th Ave E, Ely, MN
0.29
Single-Family Home
$210,000
10/09/25
3
1
1,186

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
1211 E Camp St, Ely, MN 55731
0.04
$139,900
2
1
1,064
For Sale
1203 E Camp St, Saint Ely, MN 55731
0.05
$167,600
2
1
-
Off Market
1151 E Camp St, Ely, MN 55731
0.08
$221,000
3
3
1,975
Recently Sold
1145 E Camp St, Ely, MN 55731
0.09
$199,500
3
2
1,800
Off Market
1239 E Washington St, Ely, MN 55731
0.10
$234,000
3
1
1,160
Recently Sold
1127 E Madison St, Ely, MN 55731
0.11
$213,400
3
2.5
1,354
Off Market
1115 E Madison St, Ely, MN 55731
0.13
$299,100
4
2.5
1,821
Off Market
1111 E Camp St, Ely, MN 55731
0.13
$165,000
3
1
1,238
For Sale
1229 E Sheridan St, Ely, MN 55731
0.11
$154,900
2
1.5
1,012
Recently Sold
1215 E Chapman St, Ely, MN 55731
0.18
$161,300
4
1
2,184
Off Market
1419 E Chapman St, Ely, MN 55731
0.19
$249,000
3
1.5
1,480
Recently Sold

Local Information

  • Map ViewExplore the area around 1244 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 1935
772 sqft
$132/sqft
Garage

About this House

What's unique:Egress window
Very nice quiet residential location, 1 bedroom (could be two bedroom with the installation of egress window in lower level extra room). Home features a large walk-in closet off the main floor bedroom, comfortable living room with lovely archways adjacent to the dining room. Sunlit kitchen with an abundance of birch cabinetry and large counterspace complete the kitchen area. Extra large bathroom with large Jacuzzi tub and separate shower. Three season porch offers another area for enjoyment in the off season as well as a protected area for home entry. Basement has a second shower and 1/2 bath, workroom and laundry area. Single stall garage, and large completely fenced in backyard. Brokered And Advertised By: Wildwoods Land Company Listing Agent: Don Stocks
1244 E Madison St, Ely, MN 55731 is a 1 bedroom, 2 bathroom, 772 sqft single-family home built in 1935. It last sold for $80,000 on Mar 23, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $101,800, with a rent estimate of $1,129/month.

Home Details for 1244 E Madison St

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood
Appliances & Utilities
DryerRefrigeratorWasher

Exterior Features

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

Property Information

Year Built
Year Built: 1935
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 8712 sqft

Price and Tax history

DateEventPrice
Mar 23, 2023
Source: Lake Superior Area Realtors as distributed by MLS GRID #6106918
Sold
$80,000
Feb 15, 2023
Source: Range AOR #144661
Listed For Sale
$80,000
Sep 19, 2016
Source: N/A
Sold
$48,500
May 7, 2015
Source: Lake Superior Area Realtors as distributed by MLS GRID #2230039
Sold
$45,000
Sep 6, 2014
Source: Agent Provided
Listed For Sale
$52,000

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 1244 E Madison St

  • What is 1244 E Madison St estimated to be worth?
    Trulia's estimated value for 1244 E Madison St in Ely, MN is $101,800.
  • What is the price history for 1244 E Madison St?
    1244 E Madison St in Ely, MN last sold for $80,000 in March 2023.
  • 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 1244 E Madison St have air conditioning?
    Yes, 1244 E Madison St in Ely, MN has air conditioning.
  • Does 1244 E Madison St have laundry facilities?
    Yes, 1244 E Madison St in Ely, MN has in-unit laundry.

Apartments for Rent

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Off Market Homes Near 1244 E Madison St

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