Sold for $278,000

$278,000

25 E 2nd Ave, Ely, MN 55731-0000

4beds

2baths

4,164sqft

Condominium

Built in 1910

-- sqft lot

$295,400 Zestimate^®

$67/sqft

$2,148 Estimated rent

Home value

$295,400

$251,000 - $346,000

$2,148/mo

Zestimate^® history

Owner options

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$2,148/mo

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$2,148/mo

Rent Zestimate^®

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$1,723/mo

Est. payment

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$1,723/mo

Est. payment

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What's special

"Coolest Small Towns" and a gateway to the BWCA (Boundary Waters Canoe Area) you have an incredible investment opportunity! Perfect for short-term or long-term rentals the existing duplex with updated units is already generating steady income. Each unit has 2 BR/1BA and offers beautifully updated interiors, an attached garage, and laundry facilities. The roof was installed in 2019. Each unit is 748 sq. ft. Duplex also has been insulated and new LP smart siding.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air, Hot Water

Features

Basement: Full

Interior area

Total interior livable area: 4,164 sqft
Finished area above ground: 2,082
Finished area below ground: 2,082

Property

Parking

Parking features: On Street, None
Has uncovered spaces: Yes

Lot

Size: 3,750 Square Feet
Dimensions: 75.00 x 50.00

Details

Parcel number: 030001002720
Zoning description: Residential-Rec Business

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

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

Condition

Previously Owned
Year built: 1910

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: $67/sqft
Date on market: 11/25/2024
Cumulative days on market: 23 days
Tenant pays: Other

Price history

Date	Event	Price
1/31/2025	Sold	$278,000-0.7%$67/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6117103 Report a problem
12/18/2024	Pending sale	$280,000$67/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6117103 Report a problem
12/18/2024	Contingent	$280,000$67/sqft
Source: Range AOR #147736 Report a problem
11/18/2024	Listed for sale	$280,000$67/sqft
Source: Range AOR #147736 Report a problem