246 N 5th Ave E, Ely, MN 55731
Property image
Property image
SOLD
MAY 1, 2026

246 N 5th Ave E
Ely, MN 55731

  • 3 Beds
  • 1.5 Baths
  • 1,346 sqft

$165,500

Last Sold: May 1, 2026
8% below list $179K
$123/sqft
Est. Refi. Payment $1,069/mo*
Refinance Your Home

$165,500

Last Sold: May 1, 2026
8% below list $179K
$123/sqft
Est. Refi. Payment $1,069/mo*
Refinance Your Home
3 Beds
1.5 Baths
1,346 sqft

Home Value

Trulia Estimate
$167K
Since last month
$0 (0%)
Since last year
Increased$25K (+17.5%)
Since last sale
Increased$1K (+0.8%)
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 +198% in the last 10 years
MonthEstimated value
2026
August 2026$167K
July 2026$167K
June 2026$167K
May 2026$166K
April 2026$172K
March 2026$172K
February 2026$175K
January 2026$174K
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
403 E Camp St, Ely, MN
0.09
Single-Family Home
$143,000
08/19/25
2
1
1,222
416 E Camp St, Ely, MN
0.10
Single-Family Home
$200,000
01/09/26
2
1.5
1,550
235 E Harvey St, Ely, MN
0.29
Single-Family Home
$164,000
06/18/26
3
2
1,299
313 E Chapman St, Ely, MN
0.22
Single-Family Home
$216,000
03/02/26
4
2.5
1,824
638 E James St, Ely, MN
0.51
Single-Family Home
$230,000
05/01/26
3
1.5
1,350
24 E Conan St, Ely, MN
0.47
Single-Family Home
$272,500
07/10/26
4
1.5
1,400
545 E Wilson St, Ely, MN
0.60
Single-Family Home
$220,000
04/15/26
3
2
1,544
628 E Boundary St, Ely, MN
0.57
Single-Family Home
$230,000
09/10/25
3
2
1,644
712 E Pattison St, Ely, MN
0.46
Single-Family Home
$249,900
05/29/26
3
2
1,170

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
247 N 5th Ave E, Ely, MN 55731
0.02
$203,500
3
2
2,378
Off Market
xxx Point Dr, Ely, MN 55731
0.06
-
-
-
-
Off Market
xxx Wolf Lake Rd, Ely, MN 55731
0.06
$159,100
1
-
420
Off Market
xx W SHAGAWA RD, Ely, MN 55731
0.06
$482,700
3
1
2,370
Off Market
xx Southwest Shores Tr, Ely, MN 55731
0.06
$330,500
3
1
1,512
Off Market
TBD Twin Lakes Rd, Ely, MN 55731
0.06
$414,500
3
2
2,630
Off Market
- Jackpine Tr, Ely, MN 55731
0.06
$395,900
2
1
418
Off Market
xx Kempton Lake, Ely, MN 55731
0.06
$453,700
3
-
808
Off Market
TBD Meander Lake Rd, Ely, MN 55731
0.06
-
-
-
-
Off Market
xxx White St, Ely, MN 55731
0.06
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 246 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
1927
Living Area
1,346 sqft
Price/Sqft
$123/sqft
Parking
Garage

About this House

Step into timeless character with this 1927 home, full of original details and thoughtful updates. The inviting 3-season front porch welcomes you with wainscoting accents and stunning stained-glass windows—perfect for enjoying morning coffee or evening sunsets. Inside, you’ll find an updated kitchen featuring white cabinetry, subway tile backsplash, wainscoting details, recent appliances, and new gray tile-look LVP flooring. A newly renovated full bathroom echoes the same stylish flooring for a cohesive touch. The main floor also boasts a bedroom, while the upper level offers additional bedrooms plus a versatile bonus space. Original hardwood floors and rich woodwork flow throughout, showcasing the home’s historic charm. Outside, the property feels private and serene with space to garden, gather around the firepit, or simply relax. A 23 x 24 garage and 10 x 18 separate building provide ample space for storage. This home blends modern updates with historic character, offering both comfort and charm in a peaceful setting.
246 N 5th Ave E, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 1,346 sqft single-family home built in 1927. It last sold for $165,500 on May 1, 2026 (8% below the $179,000 asking price). It is currently off market. The Trulia Estimate is $166,500, with a rent estimate of $1,988/month.

Home Details for 246 N 5th Ave E

Interior Features

Interior Details
Basement: FullNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom, Bonus Room, Kitchen, Living Room, Three Season Porch
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (quarter): 1
Dimensions and Layout
Living Area: 1346 Square Feet
Heating & Cooling
Heating: Forced Air,OilHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: City Of Ely
Windows, Doors, Floors & Walls
Window: Wood FramesFlooring: Hardwood Floors
Levels, Entrance, & Accessibility
Number of Stories: 2Floors: Hardwood Floors
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleFencing: PartialOther Structures: OtherFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Gravel,Detached
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1346 Square Feet

Days on Market

Cumulative Days on Market: 192

Property Information

Year Built
Year Built: 1927
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Asphalt, Frame/Wood
Property Information
Parcel Number: 030028500420

Price & Status

Price
List Price: $179,000Price Per Sqft: $123/sqft
Status Change & Dates
Off Market Date: Sun Mar 29 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: SOLD

Location

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

HOA

No HOA

Lot Information

Lot Area: 9147.6 sqft

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6122000Attribution Contact: ***Above Grade Unfinished Area: 1346
Last check for updates: about 15 hours ago
Listed by Lori Schulze, (218) 343-1787
Keller Williams Classic Realty NW - Ely
Heather Franciskovich, (218) 235-3895
Keller Williams Classic Realty NW - Ely
Bought with: Jerry Fink, (218) 343-1318, Canoe Capital Realty, LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6122000

Price and Tax history

DateEventPrice
May 1, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122000
Sold
$165,500
Apr 30, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122000
Pending
$179,000
Mar 29, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122000
Contingent
$179,000
Sep 19, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122000
Listed For Sale
$179,000
Oct 31, 2013
Source: Lake Superior Area Realtors as distributed by MLS GRID #2004293
Sold
$54,000

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. "
    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 246 N 5th Ave E

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Off Market Homes Near 246 N 5th Ave E

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Frequently asked questions about 246 N 5th Ave E

  • What is 246 N 5th Ave E estimated to be worth?
    Trulia's estimated value for 246 N 5th Ave E in Ely, MN is $166,500.
  • What is the price history for 246 N 5th Ave E?
    246 N 5th Ave E in Ely, MN last sold for $165,500 in May 2026.
  • 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 246 N 5th Ave E?
    The lot at 246 N 5th Ave E in Ely, MN is about 0.21 acres (9,148 sq ft).
  • Does 246 N 5th Ave E have a garage?
    Yes, 246 N 5th Ave E in Ely, MN has a garage.
Based on information submitted to the MLS GRID as of 2026-08-17 15:42:23 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