429 S 4th Avenue E, Ely, MN 55731 (MLS# 7064870)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1300
Above Ground SqFt: 2600
Below Grd Total SqFt: 1300
Total SqFt: 3900
Foundation Size: 1300
Style: (MF) Triplex
Total Finished Sqft: 2600.00
Power Company: City of Ely
Garage Stalls: Yes
Lot Dimensions: 125x75x125x75
Acres: 0.21
Assessment Pending: No
# Carport Spaces: 0

Property Features

Accessible: None Basement: Full Construction Materials: Timber/Post & Beam Construction Status: Previously Owned Electric: 100 Amp Service Exterior: Fiber Board Foundation: Stone Fuel: Oil Heating: Boiler; Radiator Lot Description: Corner Lot Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor 3/4 Bath Unit 3 Bath Description: Upper Level Full Bath Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 256000
ListPrice: 256000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 429
Street Direction Prefix: S
Street Name: 4th
Street Suffix: Avenue
Street Direction Suffix: E
Postal City: Ely
County: St. Louis
State: MN
Zip Code: 55731
Complex/Dev/Subdivision: Whites Add To Ely

Assessments

Tax With Assessments: 3902
Assessment Balance: 0

Basement

Foundation Dimensions: 26x50
Full: Yes

More Information

Building Information

Finished SqFt Above Ground: 2600

Income and Expenses

Annual Electric Expense: 2400
Annual Fuel Expense: 1300
Annual Gross Expenses: 3700
Total Annual Expenses: 3700
Annual Caretaker Expense: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 1622

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
Finished SqFt: 762
Full Baths: Yes
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 2
3/4 Baths: Yes
Finished SqFt: 538
No. of Units Like This: Yes
Total Baths: Yes
Total Rooms: 3

Unit 3

Furnished?: No
Leased?: No
Unit Number: 3
1/2 Baths: Yes
Finished SqFt: 1300
Full Baths: Yes
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 14

Unit Details

Total Units: 3

Office/Member Info

Association: ICBR

Location, Tax and Other Information

Legal Description: LOTS 9 10 AND 11
Listing City: Ely
Map Page: 999
Municipality: Ely
School District: Ely
School District Phone: 218-365-6166
Property ID Number: 030035000470
Tax Year: 2025
Tax Amount: 3902
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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!
Directions: From Ely take Sheridan St and turn South on 4th Ave. Property is on the corner of 4th Ave and James St.

Accessible

None: Yes

Construction Materials

Timber/Post & Beam: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes

Exterior

Fiber Board: Yes

Foundation

Stone: Yes

Fuel

Oil: Yes

Heating

Boiler: Yes
Radiator: Yes

Lot Description

Corner Lot: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Three: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor 3/4 Bath: Yes

Unit 3 Bath Description

Upper Level Full Bath: Yes