Description
Situated in the heart of Ely, MN — often hailed as one of the "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. The main house offers versatile opportunities — from creating a unique living space to setting up multiple rental units, Bed & Breakfast, or live in it yourself! It is gutted and ready for your imagination. Its former use was a 4-unit rental. Ely, MN is not just a small town; it’s a destination. With its historic charm, strong community, and influx of visitors year-round, investing in Ely means tapping into a market with consistent rental demand.
Interior Details
- HeatingForced Air, Hot Water
Property Details
- Parking FeaturesDetached
Construction Details
- Property TypeMulti-Family
- Basement DescriptionFull, Slab
- Basement1
Condition
- Year Built1910
Material information
- RoofAsphalt
Utilities / Energy Details
- Sewer InformationCity Sewer/Connected
- Utility SourceCity Water/Connected
Community and Neighborhood Details
- CountySt. Louis
- School DistrictEly
Financial Details
- Taxes Annual$4,538
- Buying Agency Compensation2.50
- Days on Market (Cumulative)104
Other
- MLS #6565305
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: NORTHSTAR
Listing Courtesy
Listing Agent: Andrea Zupancich (#NST502500259)
Listing Office: z'Up North Realty, Inc. (#NST25782)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
