254 N 5th Ave E, Ely, MN 55731
SOLD
NOV 24, 2025

254 N 5th Ave E
Ely, MN 55731

  • 3 Beds
  • 1 Bath
  • 870 sqft

$62,500

Last Sold: Nov 24, 2025
$72/sqft
Est. Refi. Payment $439/mo*
Refinance Your Home

$62,500

Last Sold: Nov 24, 2025
$72/sqft
Est. Refi. Payment $439/mo*
Refinance Your Home
3 Beds
1 Bath
870 sqft

Local Information

  • Map ViewExplore the area around 254 N 5th Ave E.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This single-family home is located at 254 N 5th Ave E, Ely, MN. 254 N 5th Ave E is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 1 bathroom and approximately 870 sqft of floor space. The last sold price per dimension was $72/sqft. This property was built in 1890.
254 N 5th Ave E, Ely, MN 55731 is a 3 bedroom, 1 bathroom, 870 sqft single-family home built in 1890. It last sold for $62,500 on Nov 24, 2025. It is currently off market. The Trulia Estimate is $156,800, with a rent estimate of $1,596/month.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$72/sqft
Listed
Less than a day ago

Home Details for 254 N 5th Ave E

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1.7000000476837158

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
Exterior: Metal
Parking & Garage
GarageParking: Garage Attached

Price & Status

Price
Price Per Sqft: $72/sqft

Community

Units in Building: 1

Price History for 254 N 5th Ave E

DatePriceEventSource
11/24/2025$62,500Sold
N/A

Market trends in Ely

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
79
6MoM
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Property Tax and Assessment

Year2024
Tax$1,712
Assessment$109,400
Home facts updated by county records

Comparable Sales for 254 N 5th Ave E

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
549 E Washington St, Ely, MN
0.09
Single-Family Home
$60,000
10/08/25
3
1
787
445 E Washington St, Ely, MN
0.07
Single-Family Home
$51,000
07/25/25
3
1
930
403 E Camp St, Ely, MN
0.11
Single-Family Home
$143,000
08/19/25
2
1
1,222
409 E Camp St, Ely, MN
0.10
Single-Family Home
$116,000
12/16/25
4
1
1,827
246 N 5th Ave E, Ely, MN
0.02
Single-Family Home
$165,500
05/01/26
3
1.5
1,346
21 E Harvey St, Ely, MN
0.42
Single-Family Home
$90,000
08/15/25
3
1
1,299
845 E White St, Ely, MN
0.42
Single-Family Home
$108,960
12/22/25
2
1
1,150
45 E Boundary St, Ely, MN
0.64
Single-Family Home
$35,000
10/24/25
3
1
1,134

Nearby homes

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Assigned Schools

These are the assigned schools for 254 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
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  • 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
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  • 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
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  • 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
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  • 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
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Apartments for Rent

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Homes for sale near 254 N 5th Ave E

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Off Market Homes Near 254 N 5th Ave E

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