"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.
Sold for $278,000 on 01/31/25
$278,000
25 S 2nd Ave E, Ely, MN 55731
4beds
2baths
4,164sqft
Condominium
Built in 1910
-- sqft lot
$291,200 Zestimate®
$67/sqft
$-- Estimated rent
Home value
$291,200
$253,000 - $335,000
Not available
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 09, 2025 at 01:41pm
Listed by:
Andrea Zupancich 218-749-0159,
Z' Up North Realty
Bought with:
Darcie Rae Novak, MN 20549397
My Place Realty, Inc.
Source: Lake Superior Area Realtors,MLS#: 6117103
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 sqft
- 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 & neighborhood
Location
- Region: Ely
Price history
| Date | Event | Price |
|---|---|---|
| 1/31/2025 | Sold | $278,000-0.7%$67/sqft |
Source:  Lake Superior Area Realtors #6117103 | ||
| 12/18/2024 | Pending sale | $280,000$67/sqft |
Source: Lake Superior Area Realtors #6117103 | ||
| 12/18/2024 | Contingent | $280,000$67/sqft |
Source: Range AOR #147736 | ||
| 11/18/2024 | Listed for sale | $280,000$67/sqft |
Source: Range AOR #147736 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 0.3 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 0.3 mi
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