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For Sale:  Ely MLS# 7064870

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Active NEW!
$256,000
/mo Edit
Multi-family:  Triplex
7 br • 4 ba • Built 1900
2,600 sqft • 0.215 acres
Ely schools
MLS# 7064870
763-576-8286
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    Property Description

    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!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $256,000
    Price per sq ft: $98
    Property Type: Multi-family
    City: Ely
    Garage Spaces: 1
    County: St. Louis
    Year Built: 1900
    State: MN
    Property Style: Triplex
    Zip Code: 55731
    Subdivision Name: Whites Add To Ely

    Interior

    Bedrooms: 7
    Bathrooms: 4
    Finished Area: 2,600 ft2
    Living Area: 2,600 ft2
    Refrigerators: Three
    Basement Details: Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 1
    Garage Size: 1,622 ft2
    Foundation Size: 1,300 ft2
    Foundation Dimensions: 26x50
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Radiator
    Road Frontage: City Street
    Exterior Material: Post and Beam
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.215
    Geolocation: 47.897971, -91.86137
    Lot Dimensions: 125 x 75 x 125 x 75
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 696
    District Phone: 2183656166

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $2,400
    Annual Fuel Expense: $1,300
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $3,902
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,902

    Income

    Annual Gross Income: None

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Oil
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: City of Ely

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of GRAND PROPERTIES REAL ESTATE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.