501 E Sheridan St, Ely, MN 55731
OFF MARKET

501 E Sheridan St
Ely, MN 55731

  • Studio
  • 1,616 sqft

$320,200

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $1,995/mo*
Refinance Your Home

$320,200

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $1,995/mo*
Refinance Your Home
Studio
1,616 sqft

Home Value

Trulia Estimate
$320K
Since last month
Decreased$2K (-0.6%)
Since last year
Increased$15K (+4.9%)
Since last sale
Increased$129K (+67.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +81% in the last 10 years
MonthEstimated value
2026
August 2026$319K
July 2026$326K
June 2026$321K
May 2026$310K
April 2026$304K
March 2026$301K
February 2026$295K
January 2026$293K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
229 E Sheridan St, Ely, MN
0.17
Multi-Family Home
$270,000
05/18/26
-
3,088
141 E Chapman St, Ely, MN
0.24
Multi-Family Home
$329,000
10/03/25
3
2.5
3,000
500 N Main St, Winton, MN
3.34
Multi-Family Home
$15,630
06/23/26
12
4
4,860
Home facts updated by county records

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
539 E Chapman St, Ely, MN 55731
0.08
$168,800
3
1.5
1,152
Off Market
421 E Chapman St, Ely, MN 55731
0.08
$237,600
3
1.5
1,440
Off Market
628 E Sheridan St, Ely, MN 55731
0.10
$185,000
4
1
1,456
For Sale
416 E Camp St, Ely, MN 55731
0.06
$200,000
2
1.5
1,550
Recently Sold
619 E Chapman St, Ely, MN 55731
0.11
$234,000
3
2
1,750
Off Market
403 E Camp St, Ely, MN 55731
0.09
$145,900
2
1
1,222
Off Market
246 N 5th Ave E, Ely, MN 55731
0.10
$165,500
3
1.5
1,346
Recently Sold
247 N 5th Ave E, Ely, MN 55731
0.11
$203,500
3
2
2,378
Off Market
xxx Point Dr, Ely, MN 55731
0.11
-
-
-
-
Off Market
xxx Wolf Lake Rd, Ely, MN 55731
0.11
$159,100
1
-
420
Off Market
xx W SHAGAWA RD, Ely, MN 55731
0.11
$482,700
3
1
2,370
Off Market
xx Southwest Shores Tr, Ely, MN 55731
0.11
$330,500
3
1
1,512
Off Market

Local Information

  • Map ViewExplore the area around 501 E Sheridan St.
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1910
Living Area
1,616 sqft
Price/Sqft
$198
Parking
Garage

About this House

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
501 E Sheridan St, Ely, MN 55731 is a studio, 1,616 sqft multi-family built in 1910. It last sold for $190,000 on Mar 11, 2015. It is currently off market. The Trulia Estimate is $320,200, with a rent estimate of $1,271/month.

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 and Tax history

DateEventPrice
Mar 11, 2015
Source: N/A
Sold
$190,000
Dec 9, 2010
Source: Agent Provided
ListingRemoved
$240,000
Nov 28, 2010
Source: Agent Provided
Listed For Sale
$240,000

Market trends in Ely

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
98
2MoM
Skip to last item
  • Results are loading
Skip to first item

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

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

Off Market Homes Near 501 E Sheridan St

Skip to last item
Skip to first item

Frequently asked questions about 501 E Sheridan St

  • What is 501 E Sheridan St estimated to be worth?
    Trulia's estimated value for 501 E Sheridan St in Ely, MN is $320,200.
  • What is the price history for 501 E Sheridan St?
    501 E Sheridan St in Ely, MN last sold for $190,000 in March 2015.
  • 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.