4 months on rocket

143 Harvey St, Ely, MN, 55731

$330,000

Home List Price

$3,919*

Closing Credit

0 Baths
4,164 SqFt
$79/SqFt
Multi

Location

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143 Harvey St, Ely$330,000

Buyer Closing Credits

$3,919*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached
Year Built1910
HeatingForced Air, Hot Water
BasementYes
MLS #6565305
StatusActive

About 143 Harvey St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 4,164 SqFt

Listing Office:

  • Office Name: z'Up North Realty, Inc.

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached

Utilities

Utilities Information:

  • Heating: Forced Air, Hot Water

Other

Directions Information:

  • Directions: Sheridan St to 2nd St S to Harvey corner

Price Information

Listing Price Info

Price Summary:

  • List Price: $330,000
  • Price Per SqFt: $79/SqFt
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Housing Market Comparison

See how this home compares to others in Ely, MN.

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Ely, MN

City

Med. Sold Price

$266K

Med. Price/SqFt

$222

Avg. Days On Market

93

# of Sold Homes

22

143 Harvey St vs Ely

132 DAYS ON ROCKET

+39 Days

$330,000

+$64K More

$79/SqFt

-$143 Less

KEY TAKEAWAY

This property is $64K more than the Median Sold Price and $143/SqFt less than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6565305

Listing Office:

  • Office Name: z'Up North Realty, Inc.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 9:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,056

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-599157
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 0.23 miles

  • Public District Grades PK-5

school-card-donut-599158
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 13.96 miles

  • Public District Grades PK-6

school-card-donut-599159
2
/10

  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 20.07 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,867. Residents of Ely, MN typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›143 Harvey St

This home is located at 143 Harvey St in Ely, MN and zip code 55731. This 4,164 square foot home was built in 1910. It has been listed on Rocket Homes since July 08, 2024 and is currently priced at $330,000.

In October 2024 more than 3 listings in Ely, MN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 16 were sold below. In October 2024 in Ely, MN there were 4% less homes for sale than in September 2024. In October 2024, listings were on the market for 93 days. During the same period, the median list price in this real estate market was $266,000.

From Rocket Homes Real Estate and based on county public records data.

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