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

429 S 4th Ave E
Ely, MN 55731

  • 7 Beds
  • 4 Baths
  • 2,600 sqft

$256,000

Est. Mortgage $1,567/mo*
Get Pre-Qualified

$256,000

Est. Mortgage $1,567/mo*
Get Pre-Qualified
7 Beds
4 Baths
2,600 sqft

Local Information

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

Description

A piece of history set back on 3 city lots on the corner of 4th Avenue and James Street. This Triplex has been loved and cared for for over 30 years. The main floor has a 3 bedroom apartment and an efficiency apartment each with their own off street parking spots, kitchens, bathrooms, and access to the basement for separate laundry areas. The upstairs is a 4+ bedroom with in unit laundry and a huge attic space that could be storage or it has the potential to be 2 extra bedrooms and has amazing views. The yard is huge with a beautiful stone retaining wall on the south side, a big garden, blister-rust resistant white pines and a beautiful sugar maple tree. This property is easily customizable to combine the entire 1st level or add a bedroom to the efficiency. Grab yourself a piece of history and a rare cash flowing rental property in the amazing town of Ely!

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$98
Listed
6 days ago

Home Details for 429 S 4th Ave E

Interior Features

Interior Details
Basement: Full
Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 4
Dimensions and Layout
Living Area: 2600 Square FeetFoundation Area: 1300
Heating & Cooling
Heating: Boiler,OilHas HeatingHeating Fuel: Boiler
Gas & Electric
Electric: City Of Ely
Levels, Entrance, & Accessibility
Number of Stories: 2
View
No View

Exterior Features

Exterior Home Features
Foundation: Rock
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Detached
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 2600 Square Feet

Days on Market

Days on Market: 6

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Triplex
Building
Construction Materials: Fiber Board, Timber/Post & Beam
Property Information
Condition: Previously OwnedParcel Number: 030035000470

Price & Status

Price
List Price: $256,000Price Per Sqft: $98
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: 6124897

HOA

No HOA

Lot Information

Lot Area: 9147.6 sqft

Business

Expense
Tenant Pays: Other

Rental Terms, Policies & Fees

Owner Pays: Electricity, Gas, Repairs

Miscellaneous

BasementMls Number: 6124897Attribution Contact: ***Above Grade Unfinished Area: 2600
Last check for updates: about 2 hours ago
Listing courtesy of Joseph Tome, (218) 235-8325
Grand Properties
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6124897
Also Listed on NorthstarMLS as distributed by MLS GRID, NorthstarMLS as distributed by MLS GRID, Lake Superior Area Realtors as distributed by MLS GRID.

Price History for 429 S 4th Ave E

DatePriceEventSource
05/01/2026$256,000Listed For SaleNorthstarMLS as distributed by MLS GRID #7064870
03/26/2001$58,500Sold
N/A

Similar Homes You May Like

Skip to last item
Skip to first item

New Listings near 429 S 4th Ave E

Skip to last item
Skip to first item

Property Tax and Assessment

Year2024
Tax$3,530
Assessment$187,500
Home facts updated by county records

Assigned Schools

These are the assigned schools for 429 S 4th 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 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

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

LGBTQ Local Legal Protections

Joseph Tome, Grand Properties
Agent Phone: (218) 235-8325
Based on information submitted to the MLS GRID as of 2026-05-07 17:07:20 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
429 S 4th Ave E, Ely, MN 55731 is a 7 bedroom, 4 bathroom, 2,600 sqft multi-family built in 1900. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on May 1, 2026. The MLS # for this home is MLS# 6124897.