For sale

$149,200

324 S 4th Ave E, Ely, MN 55731-0000

4beds

3baths

2,640sqft

$1,071/mo

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Triplex

Built in 1898

-- sqft lot

$-- Zestimate^®

$57/sqft

$-- HOA

What's special

Fully fenced yardHardwood floorsLarge windowsOff-street parkingSome vintage fixtures

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.

144 days
274
8

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 Square Feet
Dimensions: 50 x 100
Features: Landscaped, Tree Coverage - Light, Level

Details

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

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

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: $57/sqft
Tax assessed value: $45,400
Annual tax amount: $3,859
Date on market: 4/8/2026
Cumulative days on market: 566 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
4/8/2026	Price change	$149,200-6.5%$57/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124394 Report a problem
10/1/2025	Price change	$159,500-5.3%$60/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122204 Report a problem
8/14/2025	Price change	$168,500-8.4%$64/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6118431 Report a problem
4/1/2025	Price change	$184,000-3.1%$70/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6118431 Report a problem
9/24/2024	Listed for sale	$189,900$72/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6116254 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$868 -69.1%	$45,400 +12.4%
2023	$2,806 +14.3%	$40,400 -67.6%
2022	$2,456 +11.2%	$124,700 +19.9%
2021	$2,208	$104,000 +12.6%
2020	$2,208	$92,400
2019	$2,208 +10.4%	$92,400 +7.6%
2018	$2,000 -5.6%	$85,900
2017	$2,118 +5.9%	$85,900 +3.1%
2016	$2,000 -2.9%	$83,300 -2%
2015	$2,060 -1.7%	$85,000
2014	$2,096 +3.8%	$85,000
2013	$2,018 +6.9%	$85,000 +9.4%
2012	$1,887 +23.8%	$77,700 -2.1%
2011	$1,525 -4.4%	$79,400 -9%
2010	$1,596	$87,300
2009	$1,596 +5.4%	$87,300 +12.6%
2008	$1,514 +11.2%	$77,500 +13.3%
2007	$1,362 +36.2%	$68,400 +26%
2006	$999 +9%	$54,300 +31.5%
2004	$917 +4.2%	$41,300 +11.9%
2003	$880 -8.2%	$36,900 +10.1%
2002	$958 -7.1%	$33,500 +8.4%
2001	$1,032 +12%	$30,900 +8.4%
2000	$922	$28,500