125 S Central Ave, Ely, MN 55731
Property image
Property image
OFF MARKET

125 S Central Ave
Ely, MN 55731

  • 2 Beds
  • 2 Baths
  • 1,040 sqft (on 0.70 acres)

$138,500

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $905/mo*
Refinance Your Home

$138,500

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $905/mo*
Refinance Your Home
2 Beds
2 Baths
1,040 sqft
(on 0.70 acres)

Home Value

Trulia Estimate
$139K
Since last month
Decreased$4K (-2.8%)
Since last year
Increased$33K (+32.2%)
Since last sale
Increased$41K (+43.6%)
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 +180% in the last 10 years
MonthEstimated value
2026
August 2026$136K
July 2026$138K
June 2026$140K
May 2026$139K
April 2026$140K
March 2026$136K
February 2026$114K
January 2026$109K
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
27 E Harvey St, Ely, MN
0.07
Single-Family Home
$172,000
04/14/26
2
1.5
1,041
45 W Chapman St, Ely, MN
0.12
Single-Family Home
$115,000
06/29/26
4
1.5
1,500
21 E Harvey St, Ely, MN
0.07
Single-Family Home
$90,000
08/15/25
3
1
1,299
137 E Boundary St, Ely, MN
0.30
Single-Family Home
$209,000
12/12/25
2
2
1,287
24 E Conan St, Ely, MN
0.06
Single-Family Home
$272,500
07/10/26
4
1.5
1,400
235 E Harvey St, Ely, MN
0.20
Single-Family Home
$164,000
06/18/26
3
2
1,299
21 White St, Ely, MN
0.08
Single-Family Home
$47,500
10/21/25
3
2
2,130
232 W Sheridan St, Ely, MN
0.23
Single-Family Home
$194,000
10/06/25
3
1
963

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
1 E Conan St, Ely, MN 55731
0.03
$164,700
2
1
1,200
Off Market
21 E Harvey St, Ely, MN 55731
0.07
$159,000
3
1
1,299
Off Market
23 W Harvey St, Ely, MN 55731
0.05
$190,000
4
1.5
2,484
Recently Sold
27 E Harvey St, Ely, MN 55731
0.07
$172,000
2
1.5
1,041
Recently Sold
24 E Conan St, Ely, MN 55731
0.06
$272,500
4
1.5
1,400
Recently Sold
48 W Conan St, Ely, MN 55731
0.06
$162,500
3
1.5
1,176
Off Market
5 E White St, Ely, MN 55731
0.08
$156,500
3
1.5
1,094
Off Market
21 White St, Ely, MN 55731
0.08
$47,500
3
2
2,130
Recently Sold
35 E White St, Ely, MN 55731
0.09
$214,100
4
1.5
2,116
Off Market
127 E Conan St, Ely, MN 55731
0.12
$146,100
2
1.5
1,120
Off Market

Local Information

  • Map ViewExplore the area around 125 S 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
1900
Lot Size
0.7 acres
Living Area
1,040 sqft
Price/Sqft
$133
Parking
Garage

About this House

Ely home which you can either continue use as a 2 unit rental or convert into a single family home. Currently each level is a 1 bedroom, 1 bath, kitchen and living room. An internal stairway allows for easy conversion from a rental to a home. Beautifully maintained original maple flooring, custom built-ins, walk-in closets, and back porch. Outside you will find a 1 stall garage, covered front porch, and sunny back deck. Within easy walking distance of downtown.
125 S Central Ave, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 1,040 sqft single-family home built in 1900. It last sold for $95,000 on Jul 19, 2024 (9% below the $104,500 asking price). It is currently off market. The Trulia Estimate is $138,500, with a rent estimate of $1,631/month.

Home Details for 125 S Central Ave

Interior Features

Interior Details
Basement: Full,Unfinished,Utility RoomNumber of Rooms: 8Types of Rooms: Bedroom, Bathroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 1040 Square FeetFoundation Area: 714
Appliances & Utilities
Appliances: Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Forced Air,OilHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: City Of Ely
Windows, Doors, Floors & Walls
Window: Wood FramesFlooring: Hardwood Floors
Levels, Entrance, & Accessibility
Number of Stories: 2Floors: Hardwood Floors
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Detached
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1040 Square Feet

Days on Market

Cumulative Days on Market: 13

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Slate, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 030001003460

Price & Status

Price
List Price: $104,500
Status Change & Dates
Off Market Date: Sun May 26 2024Possession Timing: Immediate

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

HOA

No HOA

Lot Information

Lot Area: 0.70 acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6113629Attribution Contact: ***Above Grade Unfinished Area: 1040
Last check for updates: about 2 hours ago
Listed by Chris Eilrich, (218) 343-6169
Wildwoods Land Company
Bought with: Chris Eilrich, (218) 343-6169, Wildwoods Land Company
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6113629

Price and Tax history

DateEventPrice
Jul 19, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113629
Sold
$95,000
May 26, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113629
Pending
$104,500
May 13, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113629
Listed For Sale
$104,500
Jul 24, 2018
Source: Lake Superior Area Realtors as distributed by MLS GRID #6031818
Sold
$40,000
Jun 27, 2018
Source: Agent Provided
Pending
$46,900

Market trends in Ely

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
98
2MoM
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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
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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
    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
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Apartments for Rent

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Homes for sale near 125 S Central Ave

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Off Market Homes Near 125 S Central Ave

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Frequently asked questions about 125 S Central Ave

  • What is 125 S Central Ave estimated to be worth?
    Trulia's estimated value for 125 S Central Ave in Ely, MN is $138,500.
  • What is the price history for 125 S Central Ave?
    125 S Central Ave in Ely, MN last sold for $95,000 in July 2024.
  • 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.
  • How big is the lot at 125 S Central Ave?
    The lot at 125 S Central Ave in Ely, MN is about 0.70 acres (30,492 sq ft).
  • Does 125 S Central Ave have a garage?
    Yes, 125 S Central Ave in Ely, MN has a garage.
Based on information submitted to the MLS GRID as of 2026-08-14 16:42:17 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information