408 S 7th Ave E, Ely, MN 55731
Property image
Property image
FOR SALE

$199,000

Original price: $219,000
  • 2 Beds
  • 1 Bath
  • 992 sqft

408 S 7th Ave E, Ely, MN 55731

Est. Mortgage $1,307/mo*
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Home Highlights

Single-Family Home
Built in 1955
$201/sqft
Garage

Local Information

  • Map ViewExplore the area around 408 S 7th Ave E.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:One level livingDining roomCentral airCorner lot
2 bedroom Ely home near the park and school on a corner lot. One level living with kitchen, living room, dining room, bedrooms and a full bath. The full basement has a laundry, shower and lots of storage. Partially fenced and landscaped yard leads to a 2 car garage. There is central air and the appliances are newer. This home has been cared for and well maintained.
Last check for updates: about 6 hours ago
Listing courtesy of Chris Eilrich, (218) 343-6169
Wildwoods Land Company
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6127921

Home Details for 408 S 7th Ave E

Interior Features

Interior Details
Basement: Full,Drainage System,Washer Hook-Ups,Dryer Hook-UpsNumber of Rooms: 6Types of Rooms: Bedroom, Bathroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 992 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Range, Refrigerator, WasherDishwasherDryerRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,PropaneHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: City Of Ely
Windows, Doors, Floors & Walls
Window: Wood Frames
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleFencing: PartialFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 2Parking: Off Street,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): 992 Square Feet

Days on Market

Cumulative Days on Market: 43Days on Market: 57

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Steel Siding, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 030002100790

Price & Status

Price
List Price: $199,000Price Per Sqft: $201
Status Change & Dates
Possession Timing: Immediate

Active Status

MLS Status: ACTIVE

Location

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

Agent Information

Listing Agent
Listing ID: 6127921

HOA

No HOA

Lot Information

Lot Area: 6098.4 sqft

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6127921Attribution Contact: ***Above Grade Unfinished Area: 992

Price and Tax history

DateEventPrice
Oct 22, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6127921
PriceChange
$199,000
Price decreased by 9%
Oct 1, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6127921
PriceChange
$219,000
Price decreased by 8%
Sep 11, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6127921
Listed For Sale
$239,000

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 September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
100
3MoM
Sourced by Trulia Market Trends

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
712 E Pattison St, Ely, MN
0.02
Single-Family Home
$249,900
05/29/26
3
2
1,170
1135 E Harvey St, Ely, MN
0.40
Single-Family Home
$112,000
05/11/26
2
1
1,250
1229 E Sheridan St, Ely, MN
0.53
Single-Family Home
$154,900
05/08/26
2
1.5
1,012
638 E James St, Ely, MN
0.07
Single-Family Home
$230,000
05/01/26
3
1.5
1,350
840 E Chapman St, Ely, MN
0.28
Single-Family Home
$119,000
10/02/26
2
2.5
1,296
137 E Boundary St, Ely, MN
0.39
Single-Family Home
$209,000
12/12/25
2
2
1,287
228 E White St, Ely, MN
0.32
Single-Family Home
$872,250
08/28/26
1
1
693

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
704 E Pattison St, Ely, MN 55731
0.01
$196,000
3
1
1,244
Off Market
712 E Pattison St, Ely, MN 55731
0.02
$249,900
3
2
1,170
Recently Sold
644 E Pattison St, Ely, MN 55731
0.02
$198,700
3
1.5
2,442
Off Market
720 E Pattison St, Ely, MN 55731
0.03
$177,100
3
2
1,064
Off Market
647 JAMES ST, Ely, MN 55731
0.03
$227,600
5
3
-
Off Market
636 E Pattison St, Ely, MN 55731
0.03
$120,200
2
1.5
720
Off Market
705 E James St, Ely, MN 55731
0.03
$256,800
4
2
2,412
Off Market
647 E James St, Ely, MN 55731
0.03
$157,100
4
2
2,600
Off Market
715 E James St, Ely, MN 55731
0.03
$144,500
2
1
720
Off Market
713 E James St, Ely, MN 55731
0.04
$172,100
3
2
1,376
Off Market
730 E Pattison St, Ely, MN 55731
0.04
$182,500
4
2
2,080
Off Market
630 E Pattison St, Ely, MN 55731
0.04
-
2
1.5
720
Off Market
719 E James St, Ely, MN 55731
0.04
$227,600
4
2
1,517
Off Market
645 E James St, Ely, MN 55731
0.04
$168,200
4
1.5
1,390
Off Market
637 E James St, Ely, MN 55731
0.04
$185,000
2
2
1,146
Off Market
727 E James St, Ely, MN 55731
0.04
$115,100
3
1.5
880
Off Market
727 E James St, Ely, MN 55731
0.04
$106,800
3
2
726
Off Market
637 E Pattison St, Ely, MN 55731
0.05
$168,700
3
2
1,025
Off Market
738 E Pattison St, Ely, MN 55731
0.05
$192,200
3
2
1,184
Off Market
623 E James St, Ely, MN 55731
0.05
$140,300
3
2
1,458
Off Market

LGBTQ Local Legal Protections

Chris Eilrich, Wildwoods Land Company
Agent Phone: (218) 343-6169
Based on information submitted to the MLS GRID as of 2026-11-07 18:12:40 PST. 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 408 S 7th Ave E

  • What is the estimated monthly payment for 408 S 7th Ave E?
    Based on a $199,000 list price with 20% down at today's rates, the estimated monthly payment for 408 S 7th Ave E in Ely, MN is approximately $1,330 (about $1,078 principal & interest, $177 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 408 S 7th Ave E?
    The closest schools to 408 S 7th 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 408 S 7th Ave E have air conditioning?
    Yes, 408 S 7th Ave E in Ely, MN has air conditioning.
  • Does 408 S 7th Ave E have laundry facilities?
    Yes, 408 S 7th Ave E in Ely, MN has in-unit laundry.
  • How big is the lot at 408 S 7th Ave E?
    The lot at 408 S 7th Ave E in Ely, MN is about 0.14 acres (6,098 sq ft).
408 S 7th Ave E, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 992 sqft single-family home built in 1955. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Sep 11, 2026. The MLS # for this home is MLS# 6127921.