For sale

Price cut: $9K (10/1)

$159,500

324 S 4th Ave E, Ely, MN 55731

4beds

3baths

2,640sqft

Est.:

Condominium

Built in 1898

-- sqft lot

$-- Zestimate^®

$60/sqft

$-- HOA

What's special

Fully fenced yardHardwood floorsCovered front porchLarge windowsVintage fixturesOff-street parking

Incredible investment opportunity by unlocking this historic 2.75 story home’s potential! Much of original character is retained - 26 ft covered front porch, 9 ft ceilings, large windows, original interior doors & woodwork, hardwood floors & some vintage fixtures. Third level attic offers even more potential living space with 7’ ceilings in 3 large rooms! Updates include roof, siding, main level windows, electrical service, plumbing, etc. 4 city lots, off-street parking, fully fenced yard. Originally built as Sec 30 hospital, moved to this site, converted to a triplex & later, main level housed a child’s day care. Ideally located in heart of Ely.

71 days

215

4

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Forced Air, Oil

Appliances

Included: Dryer, Microwave, Range, Refrigerator, Washer

Features

Basement: Partial,Unfinished,Storage,Utility Room

Interior area

Total interior livable area: 2,640 sqft
Finished area above ground: 2,640
Finished area below ground: 0

Property

Parking

Parking features: Off Street, Gravel, None
Has uncovered spaces: Yes

Features

Patio & porch: Porch
Fencing: Fenced

Lot

Size: 5,227.2 Square Feet
Dimensions: 50 x 100
Features: Landscaped, Some Trees, Level
Residential vegetation: Partially Wooded

Details

Foundation area: 1080
Parcel number: 030006000010, 00015, 00020 & 00025

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Vinyl, Frame/Wood
Foundation: Concrete Perimeter
Roof: Asphalt Shingle

Condition

Previously Owned
Year built: 1898

Utilities & green energy

Electric: City Of Ely
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Ely

Financial & listing details

Price per square foot: $60/sqft
Tax assessed value: $45,400
Annual tax amount: $3,701
Date on market: 10/1/2025
Cumulative days on market: 443 days
Listing terms: Cash,Conventional
Tenant pays: Other
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/1/2025	Price change	$159,500-5.3%$60/sqft
Source: Lake Superior Area Realtors #6122204 Report a problem
8/14/2025	Price change	$168,500-8.4%$64/sqft
Source: Lake Superior Area Realtors #6118431 Report a problem
4/1/2025	Price change	$184,000-3.1%$70/sqft
Source: Lake Superior Area Realtors #6118431 Report a problem
9/24/2024	Listed for sale	$189,900$72/sqft
Source: Lake Superior Area Realtors #6116254 Report a problem