541 E Sheridan St, Ely, MN 55731
OFF MARKET

541 E Sheridan St
Ely, MN 55731

  • 4 Beds
  • 2 Baths
  • 880 sqft

$279,100

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $1,749/mo*
Refinance Your Home

$279,100

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $1,749/mo*
Refinance Your Home
4 Beds
2 Baths
880 sqft

Home Value

Trulia Estimate
$279K
Since last month
Increased$15K (+5.4%)
Since last year
Increased$65K (+29.4%)
Since last sale
Increased$262K (+1,113.6%)
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 +32% in the last 10 years
MonthEstimated value
2026
August 2026$285K
July 2026$267K
June 2026$271K
2025
2024
2023

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
254 N 5th Ave E, Ely, MN
0.10
Single-Family Home
$62,500
11/24/25
3
1
870
246 N 5th Ave E, Ely, MN
0.10
Single-Family Home
$165,500
05/01/26
3
1.5
1,346
549 E Washington St, Ely, MN
0.18
Single-Family Home
$60,000
10/08/25
3
1
787
313 E Chapman St, Ely, MN
0.18
Single-Family Home
$216,000
03/02/26
4
2.5
1,824
915 E James St, Ely, MN
0.46
Single-Family Home
$25,000
11/20/25
3
1
1,386
235 E Harvey St, Ely, MN
0.25
Single-Family Home
$164,000
06/18/26
3
2
1,299
409 E Camp St, Ely, MN
0.12
Single-Family Home
$116,000
12/16/25
4
1
1,827
416 E Camp St, Ely, MN
0.10
Single-Family Home
$200,000
01/09/26
2
1.5
1,550
21 White St, Ely, MN
0.45
Single-Family Home
$47,500
10/21/25
3
2
2,130
1027 E Chapman St, Ely, MN
0.37
Single-Family Home
$180,500
10/15/25
4
2
1,496

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
628 E Sheridan St, Ely, MN 55731
0.07
$185,000
4
1
1,456
For Sale
539 E Chapman St, Ely, MN 55731
0.07
$168,800
3
1.5
1,152
Off Market
619 E Chapman St, Ely, MN 55731
0.08
$234,000
3
2
1,750
Off Market
421 E Chapman St, Ely, MN 55731
0.11
$237,600
3
1.5
1,440
Off Market
712 E Camp St, Ely, MN 55731
0.12
$199,000
4
2
1,276
For Sale
703 E Camp St, Ely, MN 55731
0.11
$191,200
3
2
1,024
Off Market
416 E Camp St, Ely, MN 55731
0.10
$200,000
2
1.5
1,550
Recently Sold
743 E Sheridan St, Ely, MN 55731
0.14
$194,200
2
2
1,120
Off Market
246 N 5th Ave E, Ely, MN 55731
0.10
$165,500
3
1.5
1,346
Recently Sold
738 E Camp St, Ely, MN 55731
0.14
$84,000
3
1
1,240
For Sale
247 N 5th Ave E, Ely, MN 55731
0.11
$203,500
3
2
2,378
Off Market
710 E Madison St, Ely, MN 55731
0.14
$306,800
3
2
4,125
Off Market

Local Information

  • Map ViewExplore the area around 541 E Sheridan St.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2021
Living Area
880 sqft
Price/Sqft
$317

About this House

This single-family home is located at 541 E Sheridan St, Ely, MN. 541 E Sheridan St is in Ely, MN and in ZIP code 55731. This property has 4 bedrooms, 2 bathrooms and approximately 880 sqft of floor space. This property was built in 2021.
541 E Sheridan St, Ely, MN 55731 is a 4 bedroom, 2 bathroom, 880 sqft single-family home built in 2021. It last sold for $23,500 on Apr 26, 2016. It is currently off market. The Trulia Estimate is $279,100, with a rent estimate of $1,926/month.

Home Details for 541 E Sheridan St

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2

Property Information

Year Built
Year Built: 2021
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
Exterior: Wood

Price and Tax history

DateEventPrice
Apr 26, 2016
Source: N/A
Sold
$23,500
Aug 7, 2007
Source: N/A
Sold
$25,900

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
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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. "
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  • 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
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  • 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
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  • 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
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Apartments for Rent

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Homes for sale near 541 E Sheridan St

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Off Market Homes Near 541 E Sheridan St

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Frequently asked questions about 541 E Sheridan St

  • What is 541 E Sheridan St estimated to be worth?
    Trulia's estimated value for 541 E Sheridan St in Ely, MN is $279,100.
  • What is the price history for 541 E Sheridan St?
    541 E Sheridan St in Ely, MN last sold for $23,500 in April 2016.
  • 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.
  • Does 541 E Sheridan St have air conditioning?
    Yes, 541 E Sheridan St in Ely, MN has air conditioning.