501 E Sheridan St, Ely, MN 55731
OFF MARKET

501 E Sheridan St
Ely, MN 55731

  • Studio
  • 1,616 sqft

$317,700

Trulia Estimate
as of May 16, 2026
Est. Refi. Payment $1,930/mo*
Refinance Your Home

$317,700

Trulia Estimate
as of May 16, 2026
Est. Refi. Payment $1,930/mo*
Refinance Your Home
Studio
1,616 sqft

Local Information

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

Description

This commercial building is in excellent condition and includes owner’s 4 bedroom living quarters on the second floor. The first floor has open retail space with beautiful tin ceilings, a small kitchen area, bath and storage. The full basement has a sauna and bath, office space, utility room and a large storage area. The spacious 4 bedroom apartment has new carpeting, beautiful kitchen with custom wood cabinets, has been recently painted and has Anderson double pane windows.<br/><br/>Brokered And Advertised By: BWCA Real Estate<br/>Listing Agent: Janet Erchul
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 501 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: 1965
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Exterior Features

Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 1536

Price History for 501 E Sheridan St

DatePriceEventSource
03/11/2015$190,000Sold
N/A
12/09/2010$240,000ListingRemovedAgent Provided
11/28/2010$240,000Listed For SaleAgent Provided
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2024
Tax$4,062
Assessment$184,300
Home facts updated by county records

Comparable Sales for 501 E Sheridan St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
141 E Chapman St, Ely, MN
0.24
Multi-Family Home
$329,000
10/03/25
3
2.5
3,000
Home facts updated by county records

Assigned Schools

These are the assigned schools for 501 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 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

Apartments for Rent

Skip to last item
Skip to first item

Homes for sale near 501 E Sheridan St

Skip to last item
Skip to first item

Homes for rent near 501 E Sheridan St

Skip to last item
  • Results are loading
Skip to first item

Off Market Homes Near 501 E Sheridan St

Skip to last item
Skip to first item
501 E Sheridan St, Ely, MN 55731 is a studio, 1,616 sqft multi-family built in 1910. This property is not currently available for sale. 501 E Sheridan St was last sold on Mar 11, 2015 for $190,000. The current Trulia Estimate for 501 E Sheridan St is $317,700.