437 2nd Ave
Ely, Minnesota MN 55731
Price: $429,000
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Listing ID: 142122
Status: Active
SqFt: 15,342 Sq Ft
Year Built: 1930

Multi unit rental bldg in Ely. Great long term / strong rental history. Seven garage spaces available, large 125x162 lot. Six apartment units with two floors have approximately 1152 sq ft each (not including the basement) and the home unit that is a ranch style home features 759 sqt ft (not including the basement). All units feature two large bedrooms, spacious living room, eat in kitchen, some with breakfast bars or islands. Updates included fresh paint, flooring, private basements with own laundry facilities, blinds, hardwood floors, an appliances. Two units have propane gas and the others have forced air fuel oil. Convenient location in Ely you not only have potential for rent increases, but you could live in the ranch home as well. Well maintained and lovingly cared. With the high demand of rental units, here's one to take a serious look at with minimal work required due to the excellent maintenance these units have had.

Primary Features

Area: Ely/Winton
Construction: Wood Frame
County: Saint Louis
Exterior: Hard Board
Heating: Forced Air
Parking: Garage, Five to Ten Cars
Property Type: Multi-Family
School District: Ely
Year Built: 1930
Zoning: Resid

Location Information

Address: 437 2nd Ave

Interior Features

Basement: Block, Full
Laundry/Storage: Washer/Dryer
Lower SqFt: 4215
Main SqFt: 4215
Total SqFt Above Grade: 15342
Unit 1 Baths: 1
Unit 1 Bedrooms: 2
Unit 1 Rooms: 5
Unit 2 Baths: 1
Unit 2 Bedrooms: 2
Unit 2 Rooms: 5
Unit 3 Baths: 1
Unit 3 Bedrooms: 2
Unit 3 Rooms: 5
Unit 4 Baths: 1
Unit 4 Bedrooms: 2
Unit 4 Rooms: 5
Unit 5 Baths: 1
Unit 5 Bedrooms: 2
Unit 5 Rooms: 5
Upper SqFt: 11127

External Features

Irregular Lot Size: no
Lot Size Length: 125
Lot Size Width: 162
Roof: Asphalt

Additional

Number of Units: 7
Parcel Code Number: 030005002340
Property Sub Type: Other
Utilities: City Sewer, City Water

Lake Information

Waterfront Type: 0 - None

Zoning Info


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Hibbing, MN 55746

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