240 N 5th Ave E, Ely, MN 55731
Property image
Property image
OFF MARKET

240 N 5th Ave E
Ely, MN 55731

  • 2 Beds
  • 1 Bath
  • 1,030 sqft

$145,700

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $935/mo*
Refinance Your Home

$145,700

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $935/mo*
Refinance Your Home
2 Beds
1 Bath
1,030 sqft

Local Information

  • Map ViewExplore the area around 240 N 5th Ave E.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1900
Living Area
1,030 sqft
Price/Sqft
$141
Parking
Garage

About this House

This single-family home is located at 240 N 5th Ave E, Ely, MN. 240 N 5th Ave E is in Ely, MN and in ZIP code 55731. This property has 2 bedrooms, 1 bathroom and approximately 1,030 sqft of floor space. This property has a lot size of 9583 sqft and was built in 1900.
240 N 5th Ave E, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 1,030 sqft single-family home built in 1900. It last sold for $72,000 on Sep 28, 2018. It is currently off market. The Trulia Estimate is $145,700, with a rent estimate of $1,369/month.

Home Details for 240 N 5th Ave E

Interior Features

Interior Details
BasementTypes of Rooms: Dining Room
Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Hardwood
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: WoodPorch
Parking & Garage
GarageParking Space: 1Parking: Garage Detached

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Single Family HomeArchitecture: Bungalow

Community

Units in Building: 1

Lot Information

Lot Area: 9583 sqft

Price History for 240 N 5th Ave E

DatePriceEventSource
09/28/2018$72,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6032505
08/17/2018$78,000PendingAgent Provided
05/03/2018$78,000PendingToActiveAgent Provided
04/27/2018$78,000PendingAgent Provided
03/22/2018$78,000PendingToActiveAgent Provided
01/19/2018$78,000PendingAgent Provided
12/06/2017$78,000Listed For SaleAgent Provided
05/01/2017$80,000ListingRemovedAgent Provided
12/06/2016$80,000PriceChange
Agent Provided
10/27/2016$84,000Listed For SaleAgent Provided
10/30/2014$43,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #2237451
09/26/2014$49,000Listed For SaleAgent Provided
11/22/2013$67,000Sold
N/A
07/22/2013$67,000Listed For SaleAgent Provided
10/17/2012$67,000ListingRemovedAgent Provided
10/11/2012$67,000Listed For SaleAgent Provided
05/18/2006$60,000Sold
N/A

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Property Tax and Assessment

Year2024
Tax$1,628
Assessment$103,600
Home facts updated by county records

Comparable Sales for 240 N 5th Ave E

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
403 E Camp St, Ely, MN
0.09
Single-Family Home
$143,000
08/19/25
2
1
1,222
246 N 5th Ave E, Ely, MN
0.01
Single-Family Home
$165,500
05/01/26
3
1.5
1,346
845 E White St, Ely, MN
0.41
Single-Family Home
$108,960
12/22/25
2
1
1,150
1135 E Harvey St, Ely, MN
0.50
Single-Family Home
$112,000
05/11/26
2
1
1,250
416 E Camp St, Ely, MN
0.10
Single-Family Home
$200,000
01/09/26
2
1.5
1,550
254 N 5th Ave E, Ely, MN
0.02
Single-Family Home
$62,500
11/24/25
3
1
870
21 E Harvey St, Ely, MN
0.40
Single-Family Home
$90,000
08/15/25
3
1
1,299
1229 E Sheridan St, Ely, MN
0.51
Single-Family Home
$154,900
05/08/26
2
1.5
1,012
232 W Sheridan St, Ely, MN
0.57
Single-Family Home
$194,000
10/06/25
3
1
963

Nearby homes

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Assigned Schools

These are the assigned schools for 240 N 5th Ave E.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

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Apartments for Rent

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Homes for sale near 240 N 5th Ave E

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Off Market Homes Near 240 N 5th Ave E

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Frequently asked questions about 240 N 5th Ave E

  • What is 240 N 5th Ave E estimated to be worth?
    Trulia's estimated value for 240 N 5th Ave E in Ely, MN is $145,700.
  • What is the price history for 240 N 5th Ave E?
    240 N 5th Ave E in Ely, MN last sold for $72,000 in September 2018.
  • 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 240 N 5th Ave E have air conditioning?
    Yes, 240 N 5th Ave E in Ely, MN has air conditioning.
  • How big is the lot at 240 N 5th Ave E?
    The lot at 240 N 5th Ave E in Ely, MN is about 0.22 acres (9,583 sq ft).