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218 N 1st AveEly, MN 55731

St. Louis County

$198,500List price
2Beds
2Baths
1,636Sq Ft
1920Year built
0.15Acre lot
2Stories
7 weeks agoOn market

Description

Investment opportunity in the heart of Ely! Turnkey dual-income potential. This beautifully maintained duplex features two freshly updated, independent living spaces with modern conveniences throughout. Main Level Unit offers 1+ bedrooms, an updated full bath, and a bright, spacious kitchen with a dedicated dining area. Enjoy single-level convenience complete with a large mudroom and main-floor laundry. Upper-Level Unit is a freshly renovated 1-bedroom apartment featuring an open-concept kitchen, dining, and living area, plus an oversized bathroom with built-in laundry. Enjoy peace of mind with a fully compliant sewer lateral already completed. Separate laundry setups and strong functional layouts make this a low-maintenance, high-demand addition to any portfolio.

Property Information

Property type
Residential Income
Sub-type
Duplex
Year built
1920
Stories
2
Living area
1,636 Sq Ft
Lot size
0.15 acres
Lot dimensions
52 x 122
Days on market
53
MLS® Listing#
6128015

Property Features

Interior
High Speed Internet
Appliances
Dryer · Range · Refrigerator · Washer
Heating
Forced Air · Propane
Basement
Full · Unfinished
Parking
Off Street · None
Roof
Asphalt · Shingle
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Annual taxes
$2,195Tax year 2026
Parcel number
030-0280-00080

Directions

In Ely take Camp Street to 1st Avenue. Turn north and follow to the property on the right.

Listing Courtesy: Bear Island Realty LLC - ***

Listings courtesy of the Lake Superior Area REALTORS® MLS. All data is obtained from various sources and may not have been verified by . All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 – Lake Superior Area REALTORS® MLS – All Rights Reserved.

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Connect with a Local Real Estate Expert

  • Jay Fermanich

    Broker of Record, Franchisee

    EXIT Northland Realty

  • Becky Hansen

    Sales Representative

    EXIT Northland Realty