2331 Old Hwy 169, Ely, MN 55731
Property image
Property image
FOR SALE
11.5 ACRES

$379,000

  • 1 Bed
  • 1 Bath
  • 720 sqft (on 11.50 acres)

2331 Old Hwy 169, Ely, MN 55731

Est. Mortgage $2,371/mo*
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Home Highlights

Single-Family Home
Built in 1989
11.5 acre lot
$526/sqft
Garage

Local Information

  • Map ViewExplore the area around 2331 Old Hwy 169.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

OPEN HOUSE: Click link for 3D Virtual Tour. Ely Country Home On 11.5 acres, just 5 miles south of Ely set back off Highway 169. 1B/1B yr rnd home, screen porch has potential to become second bedrm. 4920SF storage bldg has 17ft high double doors on each end, office w/laundry bath, 1B/1B upstairs yr rnd apt & huge space for indoor storage. Drilled well. Good internet. Area for garden. Looking to start/expand your business—part of this property has excellent visibility from the corner of Hwy 169 & Grand McMahon. Move in ready!
Last check for updates: about 2 hours ago
Listing courtesy of Lisa Janisch, (218) 780-6644
Janisch Realty Inc.
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6126910
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID, Range AOR, Range AOR.

Home Details for 2331 Old Hwy 169

Interior Features

Interior Details
Basement: N/ANumber of Rooms: 1Types of Rooms: Garage
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 720 Square FeetFoundation Area: 720
Appliances & Utilities
Appliances: Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Dual Fuel/Off PeakNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Dual Fuel Off Peak
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt Shingle Metal
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3No CarportHas a GarageNo Attached GarageParking Spaces: 3Parking: Detached
Frontage
Road Frontage: County RoadResponsible for Road Maintenance: Private Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Private Sewer
Finished Area
Finished Area (above surface): 720 Square Feet

Days on Market

Cumulative Days on Market: 5Days on Market: 43

Property Information

Year Built
Year Built: 1989
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Metal, Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 465004005841

Price & Status

Price
List Price: $379,000Price Per Sqft: $526
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE

Location

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

Agent Information

Listing Agent
Listing ID: 6126910

HOA

No HOA

Lot Information

Lot Area: 11.5 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6126910Attribution Contact: ***Above Grade Unfinished Area: 720

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

Home Value

Trulia Estimate
$351K
Since last month
Decreased$9K (-2.5%)
Since last year
Decreased$143K (-28.9%)
Since last sale
Increased$187K (+113.1%)
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 +140% in the last 10 years
MonthEstimated value
2026
August 2026$352K
August 2026$351K
July 2026$361K
June 2026$295K
May 2026$293K
April 2026$285K
March 2026$281K
February 2026$280K
January 2026$274K
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
2263 Longstorff Rd, Ely, MN
0.20
Single-Family Home
$510,000
10/06/25
3
2
1,581
2450 Newgord Dr, Ely, MN
2.02
Single-Family Home
$240,000
10/03/25
1
-
551
42 W Shagawa Rd, Ely, MN
2.62
Single-Family Home
$110,000
09/23/25
1
1
852
2050 Shipman Island, Ely, MN
2.01
Single-Family Home
$290,000
08/12/26
2
-
560
85 W Chandler St., Ely, MN
2.52
Single-Family Home
$161,000
11/04/25
3
1
1,275
232 W Sheridan St, Ely, MN
2.58
Single-Family Home
$194,000
10/06/25
3
1
963
27 E Harvey St, Ely, MN
2.77
Single-Family Home
$172,000
04/14/26
2
1.5
1,041
228 E White St, Ely, MN
2.87
Single-Family Home
$872,250
08/28/26
1
1
693

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
2331-1 Old Hwy, Ely, MN 55731
0.04
$379,000
1
1
720
For Sale
2263 Longstorff Rd, Ely, MN 55731
0.20
$460,600
3
2
1,581
Off Market
Xxx Grant McMahan Blvd, Ely, MN 55731
0.30
-
-
-
-
Off Market
TBD Longstorff Rd, Ely, MN 55731
0.34
-
-
-
-
Off Market
2398 Highway 169, Ely, MN 55731
0.47
$334,100
3
2.5
2,240
Off Market
2386 High Creek Rd, Ely, MN 55731
0.46
$499,700
3
2
2,400
Off Market
XXX Raven Ln, Ely, MN 55731
0.49
-
-
-
-
Off Market
2117 Raven Ln, Ely, MN 55731
0.51
-
-
-
-
Off Market
2208 Gold Mine Rd, Ely, MN 55731
0.57
$742,400
3
2
2,000
Off Market
TBD Gold Mine Rd, Ely, MN 55731
0.58
-
-
-
-
Off Market
2369 Low Creek Rd, Ely, MN 55731
0.58
$319,900
1
1
800
Off Market

Price and Tax history

DateEventPrice
Jul 23, 2026
Source: Range AOR #150394
Listed For Sale
$379,000
Apr 28, 2021
Source: N/A
Sold
$165,000

LGBTQ Local Legal Protections

Lisa Janisch, Janisch Realty Inc.
Agent Phone: (218) 780-6644
Based on information submitted to the MLS GRID as of 2026-09-04 01:02:41 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 2331 Old Hwy 169

  • What is the estimated monthly payment for 2331 Old Hwy 169?
    Based on a $379,000 list price with 20% down at today's rates, the estimated monthly payment for 2331 Old Hwy 169 in Ely, MN is approximately $2,421 (about $2,008 principal & interest, $338 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 2331 Old Hwy 169?
    The closest schools to 2331 Old Hwy 169 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 2331 Old Hwy 169 estimated to be worth?
    Trulia's estimated value for 2331 Old Hwy 169 in Ely, MN is $351,300.
  • How big is the lot at 2331 Old Hwy 169?
    The lot at 2331 Old Hwy 169 in Ely, MN is about 11.5 acres.
  • Does 2331 Old Hwy 169 have a garage?
    Yes, 2331 Old Hwy 169 in Ely, MN has a garage.
2331 Old Hwy 169, Ely, MN 55731 is a 1 bedroom, 1 bathroom, 720 sqft single-family home built in 1989. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Jul 23, 2026. The MLS # for this home is MLS# 6126910.