218 N 1st Ave, Ely, MN 55731
Property image
Property image
FOR SALE

$198,500

  • 2 Beds
  • 2 Baths
  • 1,636 sqft

218 N 1st Ave, Ely, MN 55731

Est. Mortgage $1,369/mo*
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We estimate this home will sell faster than 84% nearby.

Home Highlights

Multi-Family
Built in 1920
$121/sqft
Open Parking

Local Information

  • Map ViewExplore the area around 218 N 1st Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Modern conveniences throughoutStrong functional layoutsDedicated dining areaSingle-level convenienceOversized bathroomBright spacious kitchen
Investment opportunity in the heart of Ely! Turnkey dual-income potential. This beautifully maintained duplex features two freshly updated, independent living spaces with modern conveniences throughout. Main Level Unit offers 1+ bedrooms, an updated full bath, and a bright, spacious kitchen with a dedicated dining area. Enjoy single-level convenience complete with a large mudroom and main-floor laundry. Upper-Level Unit is a freshly renovated 1-bedroom apartment featuring an open-concept kitchen, dining, and living area, plus an oversized bathroom with built-in laundry. Enjoy peace of mind with a fully compliant sewer lateral already completed. Separate laundry setups and strong functional layouts make this a low-maintenance, high-demand addition to any portfolio.
Last check for updates: about 5 hours ago
Listing courtesy of Anna Yahnke, (218) 235-3547
Bear Island Realty LLC
Kate Davies, (218) 343-9173
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6128015
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.
We estimate this home will sell faster than 84% nearby.

Home Details for 218 N 1st Ave

Interior Features

Interior Details
Basement: Full,Unfinished
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2
Dimensions and Layout
Living Area: 1636 Square FeetFoundation Area: 1008
Appliances & Utilities
Utilities: Fiber OpticAppliances: Dryer, Range, Refrigerator, WasherDryerRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,PropaneHas HeatingHeating Fuel: Forced Air
Gas & Electric
Electric: City Of Ely
Levels, Entrance, & Accessibility
Number of Stories: 2
View
Has a ViewView: City Lights

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleFoundation: Concrete Perimeter
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking: Off Street,None
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1636 Square Feet

Days on Market

Cumulative Days on Market: 1Days on Market: 19

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Duplex
Building
Construction Materials: Vinyl, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 030028000080

Price & Status

Price
List Price: $198,500Price Per Sqft: $121
Status Change & Dates
Possession Timing: Immediate

Active Status

MLS Status: ACTIVE

Location

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

Agent Information

Listing Agent
Listing ID: 6128015

HOA

No HOA

Lot Information

Lot Area: 6534 sqft

Offer

Listing Terms: Cash, Conventional

Business

Expense
Tenant Pays: Internet, Cable TV

Rental Terms, Policies & Fees

Owner Pays: Electricity, Gas, Grounds Care, Trash Collection, Water, Sewer

Miscellaneous

BasementMls Number: 6128015Attribution Contact: ***Above Grade Unfinished Area: 1636

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

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

Home Value

Trulia Estimate
$191K
Since last month
Increased$7K (+3.6%)
Since last year
Increased$94K (+97%)
Since last sale
Increased$100K (+111%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +147% in the last 10 years
MonthEstimated value
2026
October 2026$190K
September 2026$191K
August 2026$183K
July 2026$189K
June 2026$194K
May 2026$180K
April 2026$148K
March 2026$116K
February 2026$98K
January 2026$99K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
108 E Washington St, Ely, MN 55731
0.01
$225,300
3
1
1,892
Off Market
107 E Camp St, Ely, MN 55731
0.01
$168,500
3
2
1,048
Off Market
126 E Washington St, Ely, MN 55731
0.02
$174,500
4
2
1,940
Off Market
123 E Camp St, Ely, MN 55731
0.03
$110,500
3
1
700
Off Market
124 E Washington St, Ely, MN 55731
0.03
-
3
3
1,138
Off Market
136 N 1st Ave E, Ely, MN 55731
0.03
-
Studio
-
-
Off Market
43 E Camp St, Ely, MN 55731
0.03
-
-
-
-
Off Market
134 N 1st Ave E, Ely, MN 55731
0.03
-
2
3.5
1,848
Off Market
134 N 1st Ave E, Ely, MN 55731
0.04
$343,400
2
3.5
3,792
Off Market
147 E Camp St, Ely, MN 55731
0.04
-
Studio
-
-
Off Market
147 E Camp St, Ely, MN 55731
0.04
$89,200
3
1
896
Off Market
48 E Camp St, Ely, MN 55731
0.04
-
4
1
863
Off Market
126 E Camp St, Ely, MN 55731
0.05
-
2
1
651
Off Market
44 E Camp St, Ely, MN 55731
0.05
$145,500
3
1
612
Off Market
144 E Washington St, Ely, MN 55731
0.05
$201,200
4
1
1,154
Off Market
130 E Camp St, Ely, MN 55731
0.05
-
4
2
1,600
Off Market
136 E Camp St, Ely, MN 55731
0.05
-
Studio
-
-
Off Market
138 E Camp St, Ely, MN 55731
0.06
$100,900
3
2
1,897
Off Market
47 E Sheridan St, Ely, MN 55731
0.06
-
-
-
-
Off Market
NULL-XX1 Whispering Woods Rd, Ely, MN 55731
0.06
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Sep 17, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6128015
Listed For Sale
$198,500
Sep 12, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115412
Sold
$90,000
Aug 17, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115412
Contingent
$89,000
Aug 9, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115412
Listed For Sale
$89,000

LGBTQ Local Legal Protections

Anna Yahnke, Bear Island Realty LLC
Agent Phone: (218) 235-3547
Based on information submitted to the MLS GRID as of 2026-10-06 11:32:49 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

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Frequently asked questions about 218 N 1st Ave

  • What is the estimated monthly payment for 218 N 1st Ave?
    Based on a $198,500 list price with 20% down at today's rates, the estimated monthly payment for 218 N 1st Ave in Ely, MN is approximately $1,382 (about $1,130 principal & interest, $177 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • 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 homes for sale in Ely, MN.
  • What are the closest schools to 218 N 1st Ave?
    The closest schools to 218 N 1st Ave in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
  • What is 218 N 1st Ave estimated to be worth?
    Trulia's estimated value for 218 N 1st Ave in Ely, MN is $190,900.
  • Does 218 N 1st Ave have laundry facilities?
    Yes, 218 N 1st Ave in Ely, MN has in-unit laundry.
  • Does 218 N 1st Ave have parking?
    Yes, 218 N 1st Ave in Ely, MN has on-site parking.
218 N 1st Ave, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 1,636 sqft multi-family built in 1920. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Sep 17, 2026. The MLS # for this home is MLS# 6128015.