16 W Sheridan St, Ely, MN 55731
OFF MARKET

$400,100

Trulia Estimate
  • Studio
  • 2,664 sqft

16 W Sheridan St, Ely, MN 55731

Est. Refi. Payment $2,500/mo*
Refinance Your Home
Currently Off Market - Sold Aug 10, 2010 for $160,000

Home Value

Trulia Estimate
$400K
Since last month
Increased$15K (+4%)
Since last year
Increased$16K (+4.2%)
Since last sale
Increased$240K (+150.1%)
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 +98% in the last 10 years
MonthEstimated value
2026
August 2026$400K
August 2026$398K
July 2026$385K
June 2026$408K
May 2026$388K
April 2026$409K
March 2026$368K
February 2026$367K
January 2026$371K
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
141 E Chapman St, Ely, MN
0.15
Multi-Family Home
$329,000
10/03/25
3
2.5
3,000
229 E Sheridan St, Ely, MN
0.20
Multi-Family Home
$270,000
05/18/26
-
3,088
500 N Main St, Winton, MN
3.67
Multi-Family Home
$15,630
06/23/26
12
4
4,860
Home facts updated by county records

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
45 W Chapman St, Ely, MN 55731
0.05
$115,000
4
1.5
1,500
Recently Sold
XX Pioneer Dr, Ely, MN 55731
0.08
-
-
-
-
Off Market
XX Pioneer Dr, Ely, MN 55731
0.08
-
-
-
-
Off Market
XX Pioneer Dr, Ely, MN 55731
0.08
-
-
-
-
Off Market
XX Pioneer Dr, Ely, MN 55731
0.08
-
-
-
-
Off Market
31 E Harvey St, Ely, MN 55731
0.10
$117,000
3
1
918
For Sale
119 W Chapman St, Ely, MN 55731
0.08
$167,800
2
1
1,060
Off Market
23 W Harvey St, Ely, MN 55731
0.09
$190,000
4
1.5
2,484
Recently Sold
21 E Harvey St, Ely, MN 55731
0.11
$156,300
3
1
1,299
Off Market
27 E Harvey St, Ely, MN 55731
0.11
$172,000
2
1.5
1,041
Recently Sold

Local Information

  • Map ViewExplore the area around 16 W Sheridan St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 2021
2,664 sqft
$150/sqft
Garage

About this House

Commercial building w/living quarters in the Ely business district on main street. The building is in excellent condition & ready for you to move your business in. The street level commercial space has 1440 sq ft & is well-designed to accommodate a variety of business ventures. With 2 private entrances, it could provide space for 2 businesses. The 2 bdrm, 2 ba apartment is very spacious & has oak cabinets, laundry area, includes kitchen appliances. Also for lease with option to buy - call for details.<br/><br/>Brokered And Advertised By: BWCA Real Estate<br/>Listing Agent: Janet Erchul
16 W Sheridan St, Ely, MN 55731 is a studio, 2,664 sqft multi-family built in 2021. It last sold for $160,000 on Aug 10, 2010. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $400,100, with a rent estimate of $1,442/month.

Home Details for 16 W Sheridan St

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: EvaporativeHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1ElevatorFloors: Other

Property Information

Year Built
Year Built: 2021Year Updated: 1965
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Exterior Features

Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 384

Price and Tax history

DateEventPrice
Aug 10, 2010
Source: N/A
Sold
$160,000
Mar 6, 2010
Source: Agent Provided
Listed For Sale
$249,000
Jun 2, 2009
Source: Agent Provided
ListingRemoved
$249,000
Aug 3, 2008
Source: Agent Provided
PriceChange
$249,000
Price decreased by 8%
Feb 26, 2008
Source: Agent Provided
Listed For Sale
$270,000

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

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 16 W Sheridan St

  • What is 16 W Sheridan St estimated to be worth?
    Trulia's estimated value for 16 W Sheridan St in Ely, MN is $400,100.
  • What is the price history for 16 W Sheridan St?
    16 W Sheridan St in Ely, MN last sold for $160,000 in August 2010.
  • 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 16 W Sheridan St have air conditioning?
    Yes, 16 W Sheridan St in Ely, MN has air conditioning.

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 16 W Sheridan St

Skip to last item
Skip to first item

Homes for sale near 16 W Sheridan St

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item