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  • 437 2nd Ave

  • Ely, MN 55731
  • $429,000
  • 2 Beds
  • 1 Baths
  • MLS® #: 6098899
  • Year Built: 1930
Multi-Family property for sale in Ely, MN at 437 2nd Ave. This 2 bedroom multi-family property is priced at $932,609/acre.

Description of 437 2nd Ave, Ely, MN 55731 - $429,000

Multi unit rental bldgs in Ely. Great long term / strong rental history. Seven garage spaces available, large 125x162 lot. Six apartment units with two floors have approximately 1152 sq ft each (not including the basement) and the home unit that is a ranch style home features 759 sqt ft (not including the basement). All units feature two large bedrooms, spacious living room, eat in kitchen, some with breakfast bars or islands. Updates included fresh paint, flooring, private basements with own laundry facilities, blinds, hardwood floors, an appliances. Two units have propane gas and the others have forced air fuel oil. Convenient location in Ely you not only have potential for rent increases, but you could live in the ranch home as well. Well maintained and lovingly cared. With the high demand of rental units, here's one to take a serious look at with minimal work required due to the excellent maintenance these units have had.

Essential Information

  • MLS® #6098899
  • Price$429,000
  • Bedrooms2
  • Bathrooms1.00
  • Acres0.46
  • Year Built1930
  • TypeMulti-Family
  • Sub-TypeMulti-Family
  • StyleMultiple Buildings
  • StatusACTIVE

Interior

  • HeatingForced Air, Propane, Oil
  • Has BasementYes
  • # of Stories2
  • Stories2 Story

Exterior

  • ExteriorCement Board
  • Exterior FeaturesPatio
  • Lot DescriptionCorner Lot
  • RoofAsphalt Shingles
  • ConstructionFrame/Wood
  • FoundationConcrete Block

Community Information

  • Address437 2nd Ave
  • AreaEly
  • CityEly
  • CountySt. Louis County
  • StateMN
  • Zip Code55731

Appliances

Dryer, Range/Stove, Refrigerator, Washer

School Information

  • DistrictEly #696

Amenities

  • # of Garages7
  • GaragesDetached

Basement

Unfinished, Utility Room, Washer Hook-Ups, Dryer Hook-Ups

Additional Information

  • Listing OfficeZ' Up North Realty

Kris LindahlREALTOR®

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