Spacious 4-Bed, 2-Bath Family Home in Ely, MN – With Income Potential! Welcome to this versatile home located on the east end of Ely—perfect for growing families or those looking to offset their mortgage with rental income. This property offers two fully functional living spaces, with a kitchen and living room on both floors. Ideal for multi-generational living, a mother-in-law suite, or a long-term or short-term rental. Restored maple flooring adds warmth and charm throughout, newer tip-out windows bring in natural light and are easy to clean. Sitting on five city lots, there's ample space for kids to play, gardening, or building a future garage or workshop. Located in a residential area close to schools, parks, and downtown Ely. Live comfortably on the main floor and rent out the upper level for extra income. Great opportunity to own a home with built-in rental flexibility Could also serve as a seasonal cabin or vacation rental (VRBO, Airbnb). A great opportunity!
Sold for $180,500 on 10/15/25
$180,500
1027 E Chapman St, Ely, MN 55731
4beds
1,496sqft
Single Family Residence
Built in 1915
0.43 Acres Lot
$182,300 Zestimate®
$121/sqft
$2,039 Estimated rent
Home value
$182,300
$155,000 - $215,000
$2,039/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 17, 2025 at 03:06pm
Listed by:
Barb Hegg 218-742-2369,
Vermilion Land Office, Inc
Bought with:
Kate Davies, MN 40403900
Bear Island Realty LLC
Source: Lake Superior Area Realtors,MLS#: 6120715
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8 x 10
Bedroom
- Level: Main
- Area: 72 Square Feet
- Dimensions: 8 x 9
Bedroom
- Level: Upper
- Area: 112 Square Feet
- Dimensions: 8 x 14
Bedroom
- Level: Upper
- Area: 126 Square Feet
- Dimensions: 9 x 14
Bedroom
- Level: Upper
- Area: 112 Square Feet
- Dimensions: 8 x 14
Dining room
- Level: Main
- Area: 99 Square Feet
- Dimensions: 9 x 11
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10 x 12
Living room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12 x 13
Heating
- Baseboard, Hot Water, Natural Gas
Appliances
- Included: Water Heater-Gas, Exhaust Fan, Microwave, Range, Refrigerator
Features
- Flooring: Hardwood Floors
- Basement: Full
- Has fireplace: No
Interior area
- Total interior livable area: 1,496 sqft
- Finished area above ground: 1,496
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, None
Lot
- Size: 0.43 Acres
- Dimensions: 125 x 150
- Features: Corner Lot, Level
Details
- Foundation area: 748
- Parcel number: 030038001670
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1915
Utilities & green energy
- Electric: City Of Ely
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Ely
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $180,500+0.8%$121/sqft |
Source:  Lake Superior Area Realtors #6120715 | ||
| 7/24/2025 | Pending sale | $179,000$120/sqft |
Source: Lake Superior Area Realtors #6120715 | ||
| 7/15/2025 | Listed for sale | $179,000+33.1%$120/sqft |
Source: Range AOR #148722 | ||
| 7/23/2018 | Sold | $134,500-3.9%$90/sqft |
Source: Public Record | ||
| 6/26/2018 | Listed for sale | $139,900$94/sqft |
Source: Bear Island Land Co., Inc #6033409 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,778 -6.7% | $180,700 +5.4% |
| 2023 | $2,976 +13.2% | $171,400 +5% |
| 2022 | $2,630 +9.3% | $163,300 +18.8% |
Find assessor info on the county website
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 0.5 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 0.5 mi
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