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
$180,500
1027 E Chapman St, Ely, MN 55731
4beds
1,496sqft
Single Family Residence
Built in 1915
0.43 Acres Lot
$186,700 Zestimate®
$121/sqft
$2,032 Estimated rent
Home value
$186,700
$161,000 - $217,000
$2,032/mo
Zestimate® history
Owner options
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$2,032/mo
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$2,032/mo
Rent Zestimate®
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$1,196/mo
Est. payment
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$1,196/mo
Est. payment
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Newer tip-out windows
Zillow last checked:
Listing updated:
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 as distributed by MLS GRID,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 as distributed by MLS GRID #6120715 Report a problem | ||
| 7/24/2025 | Pending sale | $179,000$120/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120715 Report a problem | ||
| 7/15/2025 | Listed for sale | $179,000+33.1%$120/sqft |
Source: Range AOR #148722 Report a problem | ||
| 7/23/2018 | Sold | $134,500-3.9%$90/sqft |
Source: Public Record Report a problem | ||
| 6/26/2018 | Listed for sale | $139,900$94/sqft |
Source: Bear Island Land Co., Inc #6033409 Report a problem | ||
| 6/20/2018 | Pending sale | $139,900$94/sqft |
Source: Bear Island Land Co., Inc #6033409 Report a problem | ||
| 3/5/2018 | Listed for sale | $139,900+7.7%$94/sqft |
Source: Bear Island Land Co., Inc #6033409 Report a problem | ||
| 9/18/2017 | Listing removed | $129,900$87/sqft |
Source: Bear Island Land Co., Inc #6026934 Report a problem | ||
| 7/18/2017 | Price change | $129,900+30.4%$87/sqft |
Source: Bear Island Land Co., Inc #6026934 Report a problem | ||
| 2/15/2017 | Listed for sale | $99,600-43.1%$67/sqft |
Source: Bear Island Land Co., Inc #6026934 Report a problem | ||
| 10/17/2012 | Listing removed | $174,900$117/sqft |
Source: Bear Island Land Co., Inc #19763 Report a problem | ||
| 10/12/2012 | Listed for sale | $174,900+16.7%$117/sqft |
Source: Bear Island Land Co., Inc #19763 Report a problem | ||
| 8/2/2012 | Listing removed | $149,900$100/sqft |
Source: Bear Island Land Co., Inc #30071 Report a problem | ||
| 4/28/2012 | Listed for sale | $149,900-6%$100/sqft |
Source: Bear Island Land Co., Inc #30071 Report a problem | ||
| 8/12/2011 | Listing removed | $159,500$107/sqft |
Source: BWCA Real Estate #30403 Report a problem | ||
| 6/3/2011 | Listed for sale | $159,500+145.4%$107/sqft |
Source: BWCA Real Estate #30071 Report a problem | ||
| 10/14/2002 | Sold | $65,000$43/sqft |
Source: Public Record Report a problem | ||
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% |
| 2021 | $2,406 | $137,500 +11% |
| 2020 | $2,406 | $123,900 |
| 2019 | $2,406 +35.8% | $123,900 +33.1% |
| 2018 | $1,772 -22.9% | $93,100 |
| 2017 | $2,298 +29.7% | $93,100 +4.4% |
| 2016 | $1,772 -1.8% | $89,200 -4.5% |
| 2015 | $1,804 -2.8% | $93,400 |
| 2014 | $1,856 +2.6% | $93,400 |
| 2013 | $1,809 -4.2% | $93,400 -2.4% |
| 2012 | $1,889 +24.3% | $95,700 -1.9% |
| 2011 | $1,520 -2.5% | $97,600 -6.3% |
| 2010 | $1,558 | $104,200 |
| 2009 | $1,558 -22.8% | $104,200 -0.1% |
| 2008 | $2,017 +12.9% | $104,300 +15% |
| 2007 | $1,787 +25.4% | $90,700 +15% |
| 2006 | $1,425 +52.1% | $78,900 +50.3% |
| 2004 | $937 +1.9% | $52,500 +9.1% |
| 2003 | $920 +8.5% | $48,100 +10.1% |
| 2002 | $848 -14.5% | $43,700 +8.4% |
| 2001 | $991 +12.9% | $40,300 +8.6% |
| 2000 | $878 | $37,100 |
Find assessor info on the county website
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 7/10Memorial Middle SchoolGrades: 6-8Distance: 0.5 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 0.5 mi
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- Minnesota
- Saint Louis County
- Ely
- 55731
- 1027 E Chapman St
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