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4 Beds
3 Baths
2,640 sqft

$122,500

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

Price per sqft$46.40
Built in1898
Property size2,640 sqft
Property typeMulti-family
Courtesy of Keller Williams Classic Realty NW - Ely, Wendy Johnson Listing Contact: ***

Overview

Active

Listed Apr 8, 2026

Updated 4 weeks ago

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.

$815/mo

Est. mortgage payment based on a $122,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
6124394

Interior Features

Bedrooms
4
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$3,859
Tax Frequency
Annually
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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Michelle Ryan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 4:21 AM UTC on 9/20/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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