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$246,000 -$10,000 (-3.91%) Price Reduced

  • For Sale
  • Active
  • Triplex
  • 7 Beds
  • 4 Total Baths
  • 2,600 Sq. Ft.
  • 1 Car Garage
  • Updated 1 day ago
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A piece of history set back on 3 city lots on the corner of 4th Avenue and James Street. This Triplex has been loved and cared for for over 30 years. The main floor has a 3 bedroom apartment and an efficiency apartment each with their own off street parking spots, kitchens, bathrooms, and access to the basement for separate laundry areas. The upstairs is a 4+ bedroom with in unit laundry and a huge attic space that could be storage or it has the potential to be 2 extra bedrooms and has amazing views. The yard is huge with a beautiful stone retaining wall on the south side, a big garden, blister-rust resistant white pines and a beautiful sugar maple tree. This property is easily customizable to combine the entire 1st level or add a bedroom to the efficiency. Grab yourself a piece of history and a rare cash flowing rental property in the amazing town of Ely!

Full Property Details for 429 S 4th Ave E

General

  • Price: $246,000
  • Taxes: $3,902 (2025)
  • Status: Active
  • Type: Triplex
  • Source: 1402
  • MLS ID: 6124897
  • Updated: 7/20/2026
  • Added to Site: 82 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage Spaces: 1

Location

  • Area: R
  • County: St. Louis County
  • Driving Directions: From Ely take Sheridan St and turn South on 4th Ave. Property is on the corner of 4th Ave and James St.

School Information

  • High School District: Ely #696

Heating & Cooling

  • Heating Type: Boiler, Oil

Utilities

  • Sewer: Public Sewer
  • Water: City

Structural Information

  • Construction: Timber/Post & Beam
  • Exterior Const.: Fiber Board
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Rock
  • Stories/Levels: 2.25
  • Square Feet: 2,600
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: 125 x 75 x 125 x 75
  • Development Status: Previously Owned

Financial Considerations

  • Price Per Sq. Ft.: $94.62
  • Tax Amount: $3,902
  • Tax Year: 2025
  • Owner Pays: Electricity, Fuel, Repairs

Disclosures and Reports

  • Condo: Yes
  • Legal Description: LOTS 9 10 AND 11
  • Property ID: 30035000470

Listed by Grand Properties

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— 429 S 4th Ave E —

  • Grand Properties

***

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NMLS#: 1598647

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with our affiliated in-house agency

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

Schools serving 429 S 4th Ave E

School District:Ely Public School District
NameGradesDistance
Washington Elementary School, Ely, MN
520 East Harvey Street, Ely, MN 55731
PK-50.2 mi
Memorial Middle School
600 East Harvey Street, Ely, MN 55731
6-80.1 mi
Memorial Secondary
600 East Harvey Street, Ely, MN 55731
9-120.1 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 429 S 4th Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/20/2026
Price Reduced
$246,000
-3.91%
MLS
5/01/2026
Listed
$256,000
—
MLS
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 429 S 4th Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2026
$4,048
4%
$187,500
5%
2025
$3,902
11%
$177,800
21%
2024
$3,530
8%
$146,400
19%
2023
$3,280
14%
$122,900
12%
2022
$2,886
10%
$110,200
—
2020
$2,620
103%
$110,200
36%
2019
$1,290
6%
$81,134
5%
2018
$1,214
-1%
$77,319
5%
2017
$1,230
-8%
$73,395
-15%
2016
$1,336
11%
$85,900
11%
2015
$1,206
-2%
$77,400
—
2014
$1,234
—
$77,400
—
2013
$1,237
—
$77,400
—
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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429 S 4th Ave E, Ely, MN 55731 (MLS# 6124897) is a Triplex property with 7 bedrooms and 0 full bathrooms. 429 S 4th Ave E is currently listed for $246,000 and was received on May 01, 2026. Want to learn more about 429 S 4th Ave E? Do you have questions about finding other Triplex 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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