5 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

$199K

Med. Price/SqFt

$145

Avg. Days On Market

68

# of Sold Homes

8

143 Harvey St vs Ely

162 DAYS ON ROCKET

+94 Days

$330,000

+$131K More

$79/SqFt

-$66 Less

KEY TAKEAWAY

This property is $131K more than the Median Sold Price and $66/SqFt less than other homes in Ely, MN.

Based on homes sold in November 2024

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: 12/17/2024, 11:52:49 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

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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-4411270
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 0.23 miles

  • Public District Grades PK-5

school-card-donut-4411271
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 13.96 miles

  • Public District Grades PK-6

school-card-donut-4411272
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. The majority of Ely, MN residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

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 November 2024, from all listings sold in Ely, MN there were more than 0 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. The number of listings in Ely, MN decreased by 16.7% between October 2024 and November 2024. Listings spent 68 days on the market in November 2024, and had a median list price of $199,000 during the same period.

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

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