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$198,500

  • For Sale
  • Active
  • Duplex
  • 2 Beds
  • 2 Total Baths
  • 1,636 Sq. Ft.
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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.

Full Property Details for 218 N 1st Ave

General

  • Price: $198,500
  • Taxes: $2,195 (2026)
  • Status: Active
  • Type: Duplex
  • Source: 1402
  • MLS ID: 6128015
  • Updated: 9/17/2026
  • Added to Site: 15 day(s) ago

Interior

  • Appliances: Dryer, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Parking

  • Parking Features: Off Street

Location

  • Area: R
  • County: St. Louis County
  • Driving Directions: In Ely take Camp Street to 1st Avenue. Turn north and follow to the property on the right.

School Information

  • High School District: Ely #696

Heating & Cooling

  • Heating Type: Forced Air, Propane

Utilities

  • Sewer: Public Sewer
  • Water: City

Structural Information

  • Construction: Frame/Wood
  • Exterior Const.: Vinyl
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Concrete
  • Roof: Asphalt Shingle
  • Stories/Levels: 2
  • Square Feet: 1,636
  • Year Built: 1920

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.15
  • Lot Dimensions: 52 x 122
  • Frontage: City Street
  • Development Status: Previously Owned

Financial Considerations

  • Price Per Sq. Ft.: $121.33
  • Tax Amount: $2,195
  • Tax Year: 2026
  • Terms: Cash, Conventional
  • Owner Pays: Electricity, Fuel, Lawn Care, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Internet

Disclosures and Reports

  • Condo: Yes
  • Legal Description: Lot 2, Block 2, South Chandler Addition to Ely
  • Property ID: 030-0280-00080

Listed by Bear Island Realty LLC

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Listing agents

— 218 N 1st Ave —

  • Bear Island Realty LLC

  • Bear Island Realty LLC

***

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 218 N 1st Ave

School District:Ely Public School District
NameGradesDistance
Washington Elementary School, Ely, MN
520 East Harvey Street, Ely, MN 55731
PK-50.4 mi
Memorial Middle School
600 East Harvey Street, Ely, MN 55731
6-80.4 mi
Memorial Secondary
600 East Harvey Street, Ely, MN 55731
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 218 N 1st Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/17/2026
Listed
$198,500
39600%
MLS
7/06/2026
Sold
$500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 218 N 1st Ave

Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,280
—
$163,900
27%
2026
$2,280
3%
$128,800
6%
2025
$2,212
10%
$122,000
21%
2024
$2,002
7%
$101,000
19%
2023
$1,874
13%
$84,800
12%
2022
$1,656
10%
$76,000
—
2020
$1,502
4%
$76,000
1%
2019
$1,446
—
$75,000
-1%
2018
$1,448
-2%
$75,400
4%
2017
$1,484
-3%
$72,800
-10%
2016
$1,524
6%
$81,200
8%
2015
$1,442
-2%
$75,500
—
2014
$1,469
—
$75,500
—
2013
$1,474
—
$75,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Bear Island Realty LLC

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218 N 1st Ave, Ely, MN 55731 (MLS# 6128015) is a Duplex property with 2 bedrooms and 0 full bathrooms. 218 N 1st Ave is currently listed for $198,500 and was received on September 17, 2026. Want to learn more about 218 N 1st Ave? Do you have questions about finding other Duplex real estate for sale in Ely? You can browse all Ely real estate or contact a Coldwell Banker agent to request more information.

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