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

$122,500

Original price: $149,200
  • 4 Beds
  • 3 Baths
  • 2,640 sqft

324 S 4th Ave E, Ely, MN 55731

Est. Mortgage $866/mo*
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Home Highlights

Multi-Family
Built in 1898
$46/sqft
Open Parking

Local Information

  • Map ViewExplore the area around 324 S 4th Ave E.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Fully fenced yardHardwood floorsLarge windowsOff-street parkingSome vintage fixtures
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.
Last check for updates: about 21 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
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID, Range AOR, Range AOR.

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: 716Days on Market: 177

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: $122,500Price Per Sqft: $46
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

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 August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes.

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
334 S 4th Ave E, Ely, MN 55731
0.01
$195,600
Studio
-
-
Off Market
417 E Pattison St, Ely, MN 55731
0.02
$143,900
2
2
1,808
Off Market
345 E Pattison St, Ely, MN 55731
0.02
$268,200
3
2
1,208
Off Market
421 E Pattison St, Ely, MN 55731
0.02
$183,300
2
1
1,342
Off Market
346 E White St, Ely, MN 55731
0.03
$173,600
3
2
704
Off Market
335 E Pattison St, Ely, MN 55731
0.03
$157,300
3
2
877
Off Market
427 E Pattison St, Ely, MN 55731
0.03
$239,500
3
2
1,514
Off Market
336 E White St, Ely, MN 55731
0.04
$96,000
1
1
856
Off Market
336 E White St #A, Ely, MN 55731
0.04
$83,900
Studio
-
-
Off Market
433 E Pattison St, Ely, MN 55731
0.04
$158,200
3
1
840
Off Market
334-338 S 4th Ave E, Ely, MN 55731
0.04
$193,200
4
-
2,676
Off Market
404 E Pattison St, Ely, MN 55731
0.04
$180,200
3
2
1,980
Off Market
408 E Pattison St, Ely, MN 55731
0.04
$108,700
3
1
884
Off Market
439 E Pattison St, Ely, MN 55731
0.05
$200,300
3
2
1,188
Off Market
412 E Pattison St, Ely, MN 55731
0.05
$185,700
3
1.5
2,112
Off Market
321 E Pattison St, Ely, MN 55731
0.05
$207,700
4
2
1,920
Off Market
346 E Pattison St, Ely, MN 55731
0.05
$243,000
3
1
1,300
Off Market
424 E Pattison St, Ely, MN 55731
0.05
$129,300
2
1
816
Off Market
324 E White St, Ely, MN 55731
0.05
$199,900
5
1.5
1,506
For Sale

Price and Tax history

DateEventPrice
Sep 17, 2026
Source: Range AOR #149729
PriceChange
$122,500
Price decreased by 18%
Apr 8, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124394
Listed For Sale
$149,200
Oct 1, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122204
PriceChange
$159,500
Price decreased by 5%
Aug 14, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6118431
PriceChange
$168,500
Price decreased by 8%
Apr 1, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6118431
Listed For Sale
$184,000

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 2026-10-02 01:02:45 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

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Frequently asked questions about 324 S 4th Ave E

  • What is the estimated monthly payment for 324 S 4th Ave E?
    Based on a $122,500 list price with 20% down at today's rates, the estimated monthly payment for 324 S 4th Ave E in Ely, MN is approximately $882 (about $698 principal & interest, $109 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 324 S 4th Ave E?
    The closest schools to 324 S 4th Ave E in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
  • Does 324 S 4th Ave E have laundry facilities?
    Yes, 324 S 4th Ave E in Ely, MN has in-unit laundry.
  • Does 324 S 4th Ave E have parking?
    Yes, 324 S 4th Ave E in Ely, MN has on-site parking.
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.