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MLS# LSA6127738 - 429 S 4th Ave E Ely, MN 55731

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!

Grand Properties is the brokerage office representing the owner for this listing.
© Copyright 2026, Lake Superior Area REALTORS®, Inc. (LSAR)
The information provided is considered reliable but is not warranted. IDX information is exclusively for the personal, non-commercial use of consumers, and should only be used for the purpose of identifying prospective properties that consumers may be interested in purchasing.
Data Source: LSAR
Edge of the Wilderness Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edge of the Wilderness Realty, a broker participant of Lake Superior Area REALTORS®, Inc. Data last updated: 10/1/2026 12:23:00 PM.

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!

Grand Properties is the brokerage office representing the owner for this listing.
© Copyright 2026, Lake Superior Area REALTORS®, Inc. (LSAR)
The information provided is considered reliable but is not warranted. IDX information is exclusively for the personal, non-commercial use of consumers, and should only be used for the purpose of identifying prospective properties that consumers may be interested in purchasing.
Data Source: LSAR
Edge of the Wilderness Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edge of the Wilderness Realty, a broker participant of Lake Superior Area REALTORS®, Inc. Data last updated: 10/1/2026 12:23:00 PM.