228 E Sheridan St, Ely, MN 55731
OFF MARKET

$220,400

Trulia Estimate
  • Studio
  • 2,800 sqft

228 E Sheridan St, Ely, MN 55731

Est. Refi. Payment $1,478/mo*
Refinance Your Home
Currently Off Market - Sold Jan 7, 2021 for $150,000

Home Value

Trulia Estimate
$220K
Since last month
Decreased$13K (-5.7%)
Since last year
Increased$1K (+0.6%)
Since last sale
Increased$70K (+46.9%)
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 +37% in the last 10 years
MonthEstimated value
2026
September 2026$220K
August 2026$234K
July 2026$238K
June 2026$230K
May 2026$217K
April 2026$215K
March 2026$214K
February 2026$214K
January 2026$199K
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
229 E Sheridan St, Ely, MN
0.04
Multi-Family Home
$270,000
05/18/26
-
3,088
141 E Chapman St, Ely, MN
0.06
Multi-Family Home
$329,000
10/03/25
3
2.5
3,000
500 N Main St, Winton, MN
3.51
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
TDB Eagle Pass Rd, Ely, MN 55731
0.02
$221,200
1
0.5
-
Off Market
429 S Kawishiwi Summer Homes Rd, Ely, MN 55731
0.02
$244,800
2
0.5
-
Off Market
XXXX Grant McMahan Blvd, Ely, MN 55731
0.02
$350,000
2
1
1,040
Off Market
XXX Burntside Lake Island, Ely, MN 55731
0.02
$558,300
4
3
1,064
Off Market
XXX Klondike Dr, Ely, MN 55731
0.02
-
-
-
-
Off Market
xxx Highway 169, Ely, MN 55731
0.02
-
-
-
-
Off Market
xxx Leo Ln, Ely, MN 55731
0.02
-
-
-
-
Off Market
none Southwest Shores Tr Lot 4, Block 2, Ely, MN 55731
0.02
-
-
-
-
Off Market
xxxx Raven Ln, Ely, MN 55731
0.02
-
-
-
-
Off Market
xxxx Shagawa River, Ely, MN 55731
0.02
-
-
-
-
Off Market
XXX Big Timber Rd Lot #4, Ely, MN 55731
0.02
-
-
-
-
Off Market
313 E Chapman St, Ely, MN 55731
0.06
$216,000
4
2.5
1,824
Recently Sold

Local Information

  • Map ViewExplore the area around 228 E Sheridan St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1910
2,800 sqft
$79/sqft

About this House

WONDERFUL OPPORTUNITY ON SHERIDAN STREET! Sits on top of the hill with newer log exterior siding - great street view! First floor features 20 x 60 show room, bathroom and storage. Northwoods accents, high ceilings,and display windows make this a showcase property. Upstairs features living or office area with kitchen, living and family room, three bedrooms, and two baths. Owner / Agent<br/><br/>Brokered And Advertised By: Border Lakes Realty<br/>Listing Agent: Mark Larson
228 E Sheridan St, Ely, MN 55731 is a studio, 2,800 sqft multi-family built in 1910. It last sold for $150,000 on Jan 7, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $220,400, with a rent estimate of $1,398/month.

Home Details for 228 E Sheridan St

Interior Features

Levels, Entrance, & Accessibility
Stories: 2

Property Information

Year Built
Year Built: 1910Year Updated: 1960
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Exterior Features

Exterior Home Features
Foundation Type: Slab

Community

Units in Building: 1632

Price and Tax history

DateEventPrice
Jan 7, 2021
Source: N/A
Sold
$150,000
Dec 9, 2010
Source: Agent Provided
ListingRemoved
$239,000
Oct 6, 2010
Source: Agent Provided
Listed For Sale
$239,000
Jul 24, 2010
Source: Agent Provided
ListingRemoved
$239,000
Mar 10, 2010
Source: Agent Provided
Listed For Sale
$239,000

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 228 E Sheridan St

  • What is 228 E Sheridan St estimated to be worth?
    Trulia's estimated value for 228 E Sheridan St in Ely, MN is $220,400.
  • What is the price history for 228 E Sheridan St?
    228 E Sheridan St in Ely, MN last sold for $150,000 in January 2021.
  • 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.

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Off Market Homes Near 228 E Sheridan St

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