2048 Chippewa Shrs, Ely, MN 55731
Property image
Property image
OFF MARKET

2048 Chippewa Shrs
Ely, MN 55731

  • 2 Beds
  • 1 Bath
  • 780 sqft

$426,900

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $2,635/mo*
Refinance Your Home

$426,900

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $2,635/mo*
Refinance Your Home
2 Beds
1 Bath
780 sqft

Home Value

Trulia Estimate
$427K
Since last month
Decreased$16K (-3.5%)
Since last year
Increased$5K (+1.3%)
Since last sale
Increased$179K (+72.5%)
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 +77% in the last 10 years
MonthEstimated value
2026
August 2026$427K
July 2026$445K
June 2026$443K
May 2026$425K
April 2026$414K
March 2026$414K
February 2026$392K
January 2026$388K
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
2137 Deer Ridge Rd, Ely, MN
0.76
Single-Family Home
$420,000
11/14/25
1
1
1,440
1493 Inspiration Road, Ely, MN
1.09
Single-Family Home
$439,000
06/30/26
3
2
2,085
3206 Shadyrest, Ely, MN
1.99
Single-Family Home
$710,200
08/29/25
2
2
918
xxxxx White Iron Lake, Ely, MN
1.42
Single-Family Home
$285,000
03/06/26
3
-
1,072
3206 Shady Rest, Ely, MN
1.98
Single-Family Home
$710,200
08/29/25
2
2
1,768
124 S 14th Ave E, Ely, MN
2.53
Single-Family Home
$210,000
10/09/25
3
1
1,186
1419 E Chapman St, Ely, MN
2.62
Single-Family Home
$249,000
07/29/26
3
1.5
1,480
1029 E White St, Ely, MN
2.61
Single-Family Home
$120,000
12/12/25
2
1
2,166
118 Sunset Rd, Ely, MN
1.34
Single-Family Home
$285,000
03/10/26
1
-
-
1229 E Sheridan St, Ely, MN
2.75
Single-Family Home
$154,900
05/08/26
2
1.5
1,012

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
2052 Chippewa Shores, Ely, MN 55731
0.03
$431,800
3
1
832
Off Market
2032 Chippewa Shores, Ely, MN 55731
0.11
$937,000
4
3.5
4,000
Off Market
1245 Chippewa Shores, Ely, MN 55731
0.32
-
-
-
-
Off Market
1155 Ring Rock Rd, Ely, MN 55731
0.41
$734,400
3
2
1,810
Off Market
1133 Ring Rock Rd, Ely, MN 55731
0.44
$926,000
3
3
2,806
Off Market
1133 Ringrock Rd, Ely, MN 55731
0.44
$930,300
3
3
2,806
Off Market
TBD White Iron Lake, Ely, MN 55731
0.52
-
-
-
-
Off Market
1171 Ring Rock Rd, Ely, MN 55731
0.47
$1,069,700
4
4
3,390
Off Market
xxx Deer Ridge Rd, Ely, MN 55731
0.54
-
-
-
-
Off Market
- Ring Rock Rd, Ely, MN 55731
0.56
-
-
-
-
Off Market
1113 Ringrock Rd, Ely, MN 55731
0.60
$439,400
2
1
-
Off Market
TBD N White Iron Rd, Ely, MN 55731
0.62
$179,000
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 2048 Chippewa Shrs.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1960
Living Area
780 sqft
Price/Sqft
$547

About this House

White Iron Lake Cabin with 173 feet of shoreline and 1 acre of land on a level lot. The cabin has been totally renovated with quality materials , many new windows, new floor coverings etc. .There are 2 bedrooms, 3/4 bath, free standing propane fireplace stove in the living room, kitchen with new wood cabinets & dining area. 100 amp elec, drilled well & septic system. The perfect northwoods getaway! Alum roll out dock, new 12 X 16 storage building.
2048 Chippewa Shrs, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 780 sqft single-family home built in 1960. It last sold for $247,500 on Nov 3, 2008. It is currently off market. The Trulia Estimate is $426,900, with a rent estimate of $1,446/month.

Home Details for 2048 Chippewa Shrs

Interior Features

Interior Details
BasementAdditional StorageIn-law unitStorage
Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1.2000000476837158

Property Information

Year Built
Year Built: 1960Year Updated: 1980
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
DeckExterior: Wood

Community

Units in Building: 1

Price and Tax history

DateEventPrice
Nov 3, 2008
Source: Lake Superior Area Realtors as distributed by MLS GRID #1433893
Sold
$247,500
Feb 28, 2008
Source: Agent Provided
ListingRemoved
$335,000
Feb 26, 2008
Source: Agent Provided
Listed For Sale
$335,000
Sep 24, 2001
Source: N/A
Sold
$132,500

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. "
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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. "
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  • 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 2048 Chippewa Shrs

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Off Market Homes Near 2048 Chippewa Shrs

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Frequently asked questions about 2048 Chippewa Shrs

  • What is 2048 Chippewa Shrs estimated to be worth?
    Trulia's estimated value for 2048 Chippewa Shrs in Ely, MN is $426,900.
  • What is the price history for 2048 Chippewa Shrs?
    2048 Chippewa Shrs in Ely, MN last sold for $247,500 in November 2008.
  • 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 2048 Chippewa Shrs?
    The lot at 2048 Chippewa Shrs in Ely, MN is about 1.2 acres.