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)143
Other
- MLS #6565305
Location
Legal
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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.
