A piece of history set back on 3 city lots on the corner of 4th Avenue and James Street. This Triplex has been loved and cared for for over 30 years. The main floor has a 3 bedroom apartment and an efficiency apartment each with their own off street parking spots, kitchens, bathrooms, and access to the basement for separate laundry areas. The upstairs is a 4+ bedroom with in unit laundry and a huge attic space that could be storage or it has the potential to be 2 extra bedrooms and has amazing views. The yard is huge with a beautiful stone retaining wall on the south side, a big garden, blister-rust resistant white pines and a beautiful sugar maple tree. This property is easily customizable to combine the entire 1st level or add a bedroom to the efficiency. Grab yourself a piece of history and a rare cash flowing rental property in the amazing town of Ely!
For sale
Price cut: $10K (7/20)
$246,000
429 S 4th Ave E, Ely, MN 55731
7beds
4baths
2,600sqft
Triplex
Built in 1900
-- sqft lot
$-- Zestimate®
$95/sqft
$-- HOA
What's special
Amazing viewsBlister-rust resistant white pinesOff street parking spotsIn unit laundryBeautiful stone retaining wallHuge attic spaceEfficiency apartment
- 121 days
- 304
- 5
Zillow last checked:
Listing updated:
Listed by:
Joseph Tome 218-235-8325,
Grand Properties
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6124897
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Boiler, Oil
Features
- Basement: Full
Interior area
- Total interior livable area: 2,600 sqft
- Finished area above ground: 2,600
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Lot
- Size: 9,147 Square Feet
- Dimensions: 125 x 75 x 125 x 75
Details
- Foundation area: 1300
- Parcel number: 030035000470
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Fiber Board, Timber/Post & Beam
- Foundation: Rock
Condition
- Previously Owned
- Year built: 1900
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: $95/sqft
- Tax assessed value: $187,500
- Annual tax amount: $3,902
- Date on market: 5/1/2026
- Cumulative days on market: 93 days
- Tenant pays: Other
Estimated market value
Not available
Estimated sales range
Not available
$2,453/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Price change | $246,000-3.9%$95/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6124897 Report a problem | ||
| 7/12/2026 | Listed for sale | $256,000$98/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124897 Report a problem | ||
| 6/12/2026 | Contingent | $256,000$98/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124897 Report a problem | ||
| 5/1/2026 | Listed for sale | $256,000+337.6%$98/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7064870 Report a problem | ||
| 3/26/2001 | Sold | $58,500$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,530 +7.6% | $187,500 +5.5% |
| 2023 | $3,280 +13.7% | $177,800 +21.4% |
| 2022 | $2,886 +10.2% | $146,400 +19.1% |
| 2021 | $2,620 | $122,900 +11.5% |
| 2020 | $2,620 | $110,200 |
| 2019 | $2,620 +115.8% | $110,200 +4.9% |
| 2018 | $1,214 -5.9% | $105,100 |
| 2017 | $1,290 +6.3% | $105,100 +3.5% |
| 2016 | $1,214 -1.3% | $101,500 +31.1% |
| 2015 | $1,230 -7.9% | $77,400 |
| 2014 | $1,336 +8% | $77,400 |
| 2013 | $1,237 -1.3% | $77,400 +0.8% |
| 2012 | $1,254 +17.8% | $76,800 -28% |
| 2011 | $1,064 -7.5% | $106,700 -8.3% |
| 2010 | $1,151 | $116,400 |
| 2009 | $1,151 -3.2% | $116,400 +4.5% |
| 2008 | $1,188 -2.3% | $111,400 |
| 2007 | $1,216 +38.7% | $111,400 +10.1% |
| 2006 | $877 -2.2% | $101,200 +17% |
| 2004 | $897 +15.8% | $86,500 +16.7% |
| 2003 | $774 +12% | $74,100 +9.9% |
| 2002 | $691 -8.1% | $67,400 +8.5% |
| 2001 | $752 +30.7% | $62,100 +8.6% |
| 2000 | $575 | $57,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55731
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