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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.
| DAYS ON MARKET | 138 | LAST UPDATED | 10/2/2024 |
|---|---|---|---|
| YEAR BUILT | 1910 | COUNTY | St. Louis |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Ely |
|---|
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Forced Air, Hot Water |
| LOT DIMENSIONS | 50 x 125 |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 4538 |
| WATER | Public |
| ZONING | Resid |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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This IDX solution is (c) Diverse Solutions 2024.