Multi unit rental bldgs in Ely. Great long term / strong rental history. Seven garage spaces available, large 125x162 lot. Sixapartment units with two floors have approximately 1152 sq ft each (not including the basement) and the home unit that is a ranchstyle home features 759 sqt ft (not including the basement). All units feature two large bedrooms, spacious living room, eat inkitchen, some with breakfast bars or islands. Updates included fresh paint, flooring, private basements with own laundry facilities,blinds, hardwood floors, an appliances. Two units have propane gas and the others have forced air fuel oil. Convenient location in Ely, close to it all, but far enough away !
Closed
$345,000
437 S 2nd Ave E, Ely, MN 55731
8beds
4baths
15,342sqft
Triplex
Built in 1930
-- sqft lot
$470,600 Zestimate®
$22/sqft
$1,815 Estimated rent
Home value
$470,600
$400,000 - $565,000
$1,815/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 06, 2025 at 12:51pm
Listed by:
Andrea Zupancich 218-749-0159,
Z'Up North Realty, Inc.
Bought with:
Non-MLS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6158205
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Block,Full,Single Tenant Access,Storage Space
- Has fireplace: No
Interior area
- Total structure area: 15,342
- Total interior livable area: 15,342 sqft
- Finished area above ground: 7,671
- Finished area below ground: 3,456
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
- Details: Garage Dimensions (12x20), Garage Door Height (8)
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 0.46 sqft
- Dimensions: 125 x 162
Details
- Foundation area: 4215
- Parcel number: 030005002340
- Lease amount: $0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Fiber Cement
- Roof: Asphalt
Condition
- Age of Property: 95
- New construction: No
- Year built: 1930
Utilities & green energy
- Gas: Other, Propane
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Ely
Price history
| Date | Event | Price |
|---|---|---|
| 1/4/2023 | Sold | $345,000-19.6%$22/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6158205 | ||
| 12/17/2022 | Pending sale | $429,000$28/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6158205 | ||
| 11/18/2022 | Contingent | $429,000$28/sqft |
Source: Range AOR #142122 | ||
| 10/27/2022 | Pending sale | $429,000$28/sqft |
Source:  Lake Superior Area Realtors #6105247 | ||
| 8/9/2021 | Listed for sale | $429,000$28/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6081337 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 0.2 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 0.2 mi
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