324 S  4th Ave E, Ely, MN 55731
FOR SALE

324 S 4th Ave E
Ely, MN 55731

  • 4 Beds
  • 3 Baths
  • 2,640 sqft

$149,200

Original price: $159,500
Est. Mortgage $955/mo*

$149,200

Original price: $159,500
Est. Mortgage $955/mo*
4 Beds
3 Baths
2,640 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Incredible investment opportunity by unlocking this historic 2.75 story home’s potential! Much of original character is retained - 26 ft covered front porch, 9 ft ceilings, large windows, original interior doors & woodwork, hardwood floors & some vintage fixtures. Third level attic offers even more potential living space with 7’ ceilings in 3 large rooms! Updates include roof, siding, main level windows, electrical service, plumbing, etc. 4 city lots, off-street parking, fully fenced yard. Originally built as Sec 30 hospital, moved to this site, converted to a triplex & later, main level housed a child’s day care. Ideally located in heart of Ely.

Home Highlights

Parking
Open Parking
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
$57
Listed
40 days ago

Home Details for 324 S 4th Ave E

Interior Features

Interior Details
Basement: Partial,Unfinished,Storage,Utility Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3
Dimensions and Layout
Living Area: 2640 Square FeetFoundation Area: 1080
Appliances & Utilities
Appliances: Dryer, Microwave, Range, Refrigerator, WasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,OilHas HeatingHeating Fuel: Forced Air
Gas & Electric
Electric: City Of Ely
Levels, Entrance, & Accessibility
Number of Stories: 3
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: PorchFencing: FencedFoundation: Concrete Perimeter
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking: Off Street,Gravel,None
Frontage
Road Frontage: City Street, Sidewalks, Street LightsRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 2640 Square Feet

Days on Market

Cumulative Days on Market: 555Days on Market: 40

Property Information

Year Built
Year Built: 1898
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Triplex
Building
Construction Materials: Vinyl, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 030006000010, 00015, 00020 & 00025

Price & Status

Price
List Price: $149,200Price Per Sqft: $57
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: 6124394

HOA

No HOA

Lot Information

Lot Area: 5227.2 sqft

Offer

Listing Terms: Cash, Conventional

Business

Expense
Tenant Pays: Other

Rental Terms, Policies & Fees

Owner Pays: Electricity, Gas, Grounds Care, Repairs, Snow Removal, Trash Collection, Water, Sewer

Miscellaneous

BasementMls Number: 6124394Attribution Contact: ***Above Grade Unfinished Area: 2640
Last check for updates: about 6 hours ago
Listing courtesy of Wendy S Johnson, (218) 349-7731
Keller Williams Classic Realty NW - Ely
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6124394

Price History for 324 S 4th Ave E

DatePriceEventSource
04/08/2026$149,200PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6124394
10/01/2025$159,500PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6122204
08/14/2025$168,500PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6118431
04/01/2025$184,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6118431
09/24/2024$189,900Listed For SaleLake Superior Area Realtors as distributed by MLS GRID #6116254

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Property Tax and Assessment

Year2024
Tax$868
Assessment$45,400
Home facts updated by county records

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 it's walkable to grocery stores

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 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. "
  • 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 . "
  • 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. "
  • 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."
  • 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."
  • 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."

LGBTQ Local Legal Protections

Wendy S Johnson, Keller Williams Classic Realty NW - Ely
Agent Phone: (218) 349-7731
Based on information submitted to the MLS GRID as of 2026-05-18 17:57:45 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
324 S 4th Ave E, Ely, MN 55731 is a 4 bedroom, 3 bathroom, 2,640 sqft multi-family built in 1898. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Apr 8, 2026. The MLS # for this home is MLS# 6124394.