Investment opportunity in the heart of Ely! Turnkey dual-income potential. This beautifully maintained duplex features two freshly updated, independent living spaces with modern conveniences throughout. Main Level Unit offers 1+ bedrooms, an updated full bath, and a bright, spacious kitchen with a dedicated dining area. Enjoy single-level convenience complete with a large mudroom and main-floor laundry. Upper-Level Unit is a freshly renovated 1-bedroom apartment featuring an open-concept kitchen, dining, and living area, plus an oversized bathroom with built-in laundry. Enjoy peace of mind with a fully compliant sewer lateral already completed. Separate laundry setups and strong functional layouts make this a low-maintenance, high-demand addition to any portfolio.
For sale
$198,500
218 N 1st Ave, Ely, MN 55731
2beds
2baths
1,636sqft
Duplex
Built in 1920
-- sqft lot
$187,500 Zestimate®
$121/sqft
$-- HOA
What's special
Modern conveniences throughoutStrong functional layoutsDedicated dining areaSingle-level convenienceOversized bathroomBright spacious kitchenMain-floor laundry
- 53 days
- 115
- 3
Zillow last checked:
Listing updated:
Listed by:
Anna Yahnke 218-235-3547,
Bear Island Realty LLC,
Kate Davies 218-343-9173,
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6128015
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Forced Air, Propane
Appliances
- Included: Dryer, Range, Refrigerator, Washer
Features
- Basement: Full,Unfinished
Interior area
- Total interior livable area: 1,636 sqft
- Finished area above ground: 1,636
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street, None
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City Lights
Lot
- Size: 6,534 Square Feet
- Dimensions: 52 x 122
Details
- Foundation area: 1008
- Parcel number: 030028000080
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1920
Utilities & green energy
- Electric: City Of Ely
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Fiber Optic
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $163,900
- Annual tax amount: $2,195
- Date on market: 9/17/2026
- Cumulative days on market: 54 days
- Listing terms: Cash,Conventional
- Tenant pays: Internet, Cable TV
Estimated market value
$187,500
$178,000 - $197,000
$1,126/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Listed for sale | $198,500+120.6%$121/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6128015 Report a problem | ||
| 9/12/2024 | Sold | $90,000+1.1%$55/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115412 Report a problem | ||
| 8/17/2024 | Contingent | $89,000$54/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115412 Report a problem | ||
| 8/9/2024 | Listed for sale | $89,000$54/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115412 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,280 +3.1% | $163,900 +18% |
| 2025 | $2,212 +10.5% | $138,900 +7.8% |
| 2024 | $2,002 +6.8% | $128,800 +5.6% |
| 2023 | $1,874 +13.2% | $122,000 +20.8% |
| 2022 | $1,656 +10.3% | $101,000 +19.1% |
| 2021 | $1,502 | $84,800 +11.6% |
| 2020 | $1,502 | $76,000 |
| 2019 | $1,502 +3.7% | $76,000 +0.8% |
| 2018 | $1,448 +0.1% | $75,400 |
| 2017 | $1,446 -0.1% | $75,400 +3.6% |
| 2016 | $1,448 -2.4% | $72,800 -3.6% |
| 2015 | $1,484 -2.6% | $75,500 |
| 2014 | $1,524 +3.4% | $75,500 |
| 2013 | $1,474 -2.8% | $75,500 -0.9% |
| 2012 | $1,516 +149.7% | $76,200 -2.2% |
| 2011 | $607 -7.8% | $77,900 -7.5% |
| 2010 | $658 | $84,200 |
| 2009 | $658 -52.4% | $84,200 -2% |
| 2008 | $1,382 +101.1% | $85,900 +8.1% |
| 2007 | $688 +32.7% | $79,500 +3.1% |
| 2006 | $518 +11.3% | $77,100 +36% |
| 2004 | $465 +41.6% | $56,700 +34.7% |
| 2003 | $329 -34.5% | $42,100 +12.9% |
| 2002 | $502 -15.9% | $37,300 +5.4% |
| 2001 | $597 +22.5% | $35,400 +10.6% |
| 2000 | $487 | $32,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55731
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