Property details
About 324 S 4th Ave E
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 interior doors & woodwork, hardwood floors & some vintage fixtures. Third level attic offers even more potential living space with 7’ ceilings in 3 large rooms! Recent updates include roof, siding, main level windows, electrical service, plumbing, etc. 4 city lots, off-street parking, fully fenced yard, ideally located in heart of Ely. Originally built as Sec 30 hospital, moved to this site by horses, converted to a triplex & later, main level housed a child’s day care.
Highlights
(ACTIVE)
Summary
- Attached Garage: No
- Parking: Off Street, Driveway - Gravel
- Exterior: Fenced Yard - Full, Porch
- Architectural Style: Up & Down
- Heating: Forced Air, Oil
- List Price: $184,000
- Price/SqFt: $69
- Annual Tax Amount: $868
- Tax Year: 2023
- Lot: Landscaped, Few Trees, Level
- Directions: In town
- Stories: 3
- Living Area: 2,640 SqFt
- Lot Size: 0.12 Acres
- MLS Number: 6118431
- Office Name: Keller Williams Classic Realty NW - Ely
- Listing Agent: Wendy Johnson
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2025 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/26/2025, 6:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $40,400 | $868 |
| 2021 | $104,000 | $2,806 |
| 2020 | $92,400 | $2,428 |
| 2019 | $92,400 | $2,208 |
History based on county public records data.
Nearby schools
7
Washington Elementary School
Public District PK-5
0.1 mi
•600 E Harvey St
4
Babbit Elementary School
Public District PK-6
13.9 mi
•30 South Dr
2
Tower-Soudan Elementary School
Public District PK-6
20.2 mi
•415 2nd St N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,750. Typical income of Ely, MN residents is less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Extreme Sports
Soccer
Where do the neighbors shop?
Kmart
Stein Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Jimmy Johns
What do the neighbors drive?
Buick
Chevrolet
GMC
What do the neighbors listen to?
Oldies
Adult Standards
Country
Frequently asked questions
About 324 S 4th Ave E
The listing price of 324 S 4th Ave E property is $184,000.
The property 324 S 4th Ave E is a multi located in Ely, Minnesota, 55706.
Active Listing: 324 S 4th Ave E is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 324 S 4th Ave E are: Washington Elementary School (GreatSchools Rating 7/10), Babbit Elementary School (GreatSchools Rating 4/10), Tower-Soudan Elementary School (GreatSchools Rating 2/10), Memorial Middle School (GreatSchools Rating 4/10), Memorial High School (GreatSchools Rating 8/10), Northeast Range Secondary School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $868 (source: MLS/based on county public records data).
The property 324 S 4th Ave E is 2,640 SqFt (source: MLS/tax record).
This home is located at 324 S 4th Ave E in Ely, MN and zip code 55731. This 2,640 square foot home sits on a 0.12 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 1, 2025 and is currently priced at $184,000.
In June 2025, from all listings sold in Ely, MN there were more than 3 sold above asking price, over 0 sold below and more than 1 were sold right at the asked price. The number of listings in Ely, MN increased by 16.7% between May and June 2025. While the average time on the market in June 2025 was 25 days, the median list price was $250,000.