About This Home

This 4-bedroom, 3-bathroom multi-family at 324 S 4th Ave E in Ely, MN is listed for $122,500 ($46 per sqft). Built in 1898, the home offers 2,640 sqft of living space on a N/A lot.

Key Features

  • Built in 1898

Property Details

3 full
1898
Listing Description

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 wood 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 Section 30 hospital, moved to this site, converted into triplex & later, main level housed a child day care. Ideally located in heart of Ely.

Monthly Cost Estimate

$655/mo

20% down · 6.5% · 30 years

Principal$89
Interest$531
Insurance$36

Estimates only. Actual payments may vary.

Location

324 S 4th Ave E

Ely, MN 55731-0000

Property Details

Construction

Wood Frame

Parking

Offsite

Heating

Forced Air

Questions & Answers

This 4-bedroom, 3-bathroom multi-family at 324 S 4th Ave E is listed at $122,500 ($46/sqft). The estimated monthly payment is $655 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1898.

This property is listed by Wendy Johnson.

WJ

Wendy Johnson

Agent at Keller Williams Classic Realty NW

Listed by Keller Williams Classic Realty NW · Broker phone: (763) 657-4444 · View on Broker Site · Broker website

MLS# 149729· Source: Range Association of REALTORS· 6 days on PropertySimple

Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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

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