424 E Sheridan St, Ely, MN 55731
Property image
Property image
OFF MARKET

424 E Sheridan St
Ely, MN 55731

  • 3 Beds
  • 1 Bath
  • 1,560 sqft

$143,600

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $922/mo*
Refinance Your Home

$143,600

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $922/mo*
Refinance Your Home
3 Beds
1 Bath
1,560 sqft

Local Information

  • Map ViewExplore the area around 424 E Sheridan St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1910
Living Area
1,560 sqft
Price/Sqft
$92
Parking
Garage

About this House

Commercial Office space with a 3 BR apt for additional income on one of Ely's busiest and most popular streets, Sheridan Street. Centrally located downtown, you love the exposure this location has to foot traffic and road / highway traffic. Nicely remodeled apartment provides for additional income, or open it up to accommodate more office space. Plenty of parking in back, propane gas heat, and update electric.
424 E Sheridan St, Ely, MN 55731 is a 3 bedroom, 1 bathroom, 1,560 sqft single-family home built in 1910. It last sold for $65,000 on Nov 30, 2020. It is currently off market. The Trulia Estimate is $143,600, with a rent estimate of $1,615/month.

Home Details for 424 E Sheridan St

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2Elevator

Property Information

Year Built
Year Built: 1910Year Updated: 1960
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Exterior Features

Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 780

Lot Information

Lot Area: 3125 sqft

Price History for 424 E Sheridan St

DatePriceEventSource
11/30/2020$65,000Sold
N/A
07/01/2016$65,000Sold
N/A
01/27/2015$69,000ListingRemovedAgent Provided
01/19/2015$69,000Listed For SaleAgent Provided
11/02/2014$75,000ListingRemovedAgent Provided
08/02/2014$75,000Listed For SaleAgent Provided
03/18/2014$75,000ListingRemovedAgent Provided
07/27/2013$75,000Listed For SaleAgent Provided

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Property Tax and Assessment

Year2024
Tax$1,884
Assessment$86,400
Home facts updated by county records

Comparable Sales for 424 E Sheridan St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
21 E Harvey St, Ely, MN
0.29
Single-Family Home
$90,000
08/15/25
3
1
1,299
235 E Harvey St, Ely, MN
0.15
Single-Family Home
$164,000
06/18/26
3
2
1,299
403 E Camp St, Ely, MN
0.10
Single-Family Home
$143,000
08/19/25
2
1
1,222
416 E Camp St, Ely, MN
0.06
Single-Family Home
$200,000
01/09/26
2
1.5
1,550
21 White St, Ely, MN
0.35
Single-Family Home
$47,500
10/21/25
3
2
2,130
845 E White St, Ely, MN
0.37
Single-Family Home
$108,960
12/22/25
2
1
1,150
45 E Boundary St, Ely, MN
0.48
Single-Family Home
$35,000
10/24/25
3
1
1,134
313 E Chapman St, Ely, MN
0.09
Single-Family Home
$216,000
03/02/26
4
2.5
1,824
254 N 5th Ave E, Ely, MN
0.16
Single-Family Home
$62,500
11/24/25
3
1
870

Nearby homes

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Assigned Schools

These are the assigned schools for 424 E Sheridan St.
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
    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 424 E Sheridan St

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Off Market Homes Near 424 E Sheridan St

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Frequently asked questions about 424 E Sheridan St

  • What is 424 E Sheridan St estimated to be worth?
    Trulia's estimated value for 424 E Sheridan St in Ely, MN is $143,600.
  • What is the price history for 424 E Sheridan St?
    424 E Sheridan St in Ely, MN last sold for $65,000 in November 2020.
  • 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 424 E Sheridan St?
    The lot at 424 E Sheridan St in Ely, MN is about 0.07 acres (3,125 sq ft).
  • Does 424 E Sheridan St have a garage?
    Yes, 424 E Sheridan St in Ely, MN has a garage.