437 2nd Ave E, Ely, MN
$ 429,000
Property Attributes
  • ID#6158205
  • TypeMulti-Family
  • CityEly
  • Zip55731
  • StyleTriplex
  • Year Built1930
  • Taxes$ 3621
  • Price$ 429,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage11127
Data Source:
Northstar MLS (NSTAR)
Property Description

Multi unit rental bldgs in Ely. Great long term / strong rental history. Seven garage spaces available, large 125x162 lot. Sixapartment units with two floors have approximately 1152 sq ft each (not including the basement) and the home unit that is a ranchstyle home features 759 sqt ft (not including the basement). All units feature two large bedrooms, spacious living room, eat inkitchen, some with breakfast bars or islands. Updates included fresh paint, flooring, private basements with own laundry facilities,blinds, hardwood floors, an appliances. Two units have propane gas and the others have forced air fuel oil. Convenient location in Ely, close to it all, but far enough away !

Price History
3/1/2022 Listed $429,000

General Features

Accessibility None
Additional Parcels Y/N No
Basement Block, Full, Single Tenant Access, Storage Space
City Ely
Construction Materials Fiber Cement
Contingency None
County St. Louis
Days on Market 106
Directions in town
Garage Spaces, Detached Garage 6
Grossincome 36000
Heating Forced Air
High School District Ely
Insurance Expense 3000
Lender Owned No
Levels Two
Maintenanceexpense 2500
New Construction No
Operatingexpense 18000
Property SubType Triplex
Property Type Residential Income
Roof Asphalt
Sewer City Sewer/Connected
Standard Status Active
Street Name 2nd Ave E
Tax Annual Amount 3621
Tax Year 2022
Total Units 4
Virtual Tour
Year Built 1930

Interior Features

Above Grade Finished Area 7671
Below Grade Finished Area 3456
Fireplace Y/N No
Fuel Other, Propane
Garage Dimensions 12x20
Garage Door Width 8
Garage Square Feet 240
SQFT Above Ground Total 11127.0000
SQFT Below Ground Total 4215.0000
SQFT Main Total 4215.0000
SQFT Total 15342.00

Exterior Features

Living Area 11127
Foundationarea 4215
Lot Dimensions 125x162
Lot Size Units Square Feet
Water Source City Water/Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55731

AVG $230K
AVG $2,294
AVG 105
Year Built
AVG 1920
AVG 57
Data Provided by Walkscore ® not using MLS data

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