Sold
Last Sold Price
8 beds4,104 sqft$95/sqft
1342 Hidden Valley Rd, Ely, MN 55731
Multi FamilyProperty Type
2 acresLot Size
1972Year Built
$95/sq ftPrice per sq ft
4 carsParking Spaces

Description

The ultimate investment retreat giving you 4 apartments nestled in the pines and out your the back door enjoy acres and acres of recreational trails for hiking, skiing, biking and our north woods. This property has been well cared for and maintained. Choose to live on sight with your rental income supporting your lifestyle. The property is landscaped with pine, maples and fresh air. This retreat is located on the outskirts of Ely and convenient to all Ely has to offer. Garage space for all 4 units,...The ultimate investment retreat giving you 4 apartments nestled in the pines and out your the back door enjoy acres and acres of recreational trails for hiking, skiing, biking and our north woods. This property has been well cared for and maintained. Choose to live on sight with your rental income supporting your lifestyle. The property is landscaped with pine, maples and fresh air. This retreat is located on the outskirts of Ely and convenient to all Ely has to offer. Garage space for all 4 units, insulated work shop area and another out building for storage. Solid rental history with long term tenants. Each unit has 2 bedrooms, 1 bath and full kitchen. Present the owners unit has a deluxe great room with log accent, wood burning fireplace, beautiful kitchen and laundry.
  • Listed by: Lori Schulze 218.343.1787 lorischulze@kw.com • Keller Williams Classic Realty NW - Ely
Listing closed: 09/02/2022 12:00 AM • Source: Lake Superior Area REALTORS as distributed by MLS GRID, MLS#: 6103575

Recent comparable sales

Median sold price

$307,500

Avg days on market

96

Sale-to-list ratio

97.0%

Ely, MN

9 comparable properties found

$799,000 | 1545 North Pioneer Road, Ely, MN 55731
1/51
1

$799,000

Sold 06/18/25

5
Bedrooms
4,300
Square Feet
2
Acres
$325,000 | 1340 Hidden Valley Road, Ely, MN 55731
2

$325,000

Sold 07/28/25

3
Bedrooms
2,722
Square Feet
2
Acres
$640,000 | 2211 Spaulding Drive, Ely, MN 55731
1/100
3

$640,000

Sold 07/17/26

4
Bedrooms
3,336
Square Feet
0.70
Acres
$322,500 | 1756 Grant Mcmahon Boulevard, Ely, MN 55731
1/2
4

$322,500

Sold 12/30/24

3
Bedrooms
3
Bathrooms
2,854
Square Feet
3.1
Acres
$278,000 | 25 East S 2nd Avenue, Ely, MN 55731
1/20
5

$278,000

Sold 01/31/25

4
Bedrooms
2
Bathrooms
4,164
Square Feet
0.09
Acres
$278,000 | 25 East 2nd Avenue, Ely, MN 55731
1/22
6

$278,000

Sold 01/31/25

4
Bedrooms
4,164
Square Feet
0.09
Acres
$205,000 | 1280 Heather Street, Ely, MN 55731
1/30
7

$205,000

Sold 02/20/26

3
Bedrooms
3,048
Square Feet
1.38
Acres
$290,000 | 1115 East Madison Street, Ely, MN 55731
1/51
8

$290,000

Sold 05/30/25

4
Bedrooms
1,821
Square Feet
0.32
Acres
$465,000 | 13462 Villa Road, Ely, MN 55731
1/69
9

$465,000

Sold 05/27/26

4
Bedrooms
1,962
Square Feet
2.9
Acres

Location

Listing Courtesy of Keller Williams Classic Realty NW - Ely

Sold By Keller Williams Classic Realty NW - Ely

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Property Information for 1342 Hidden Valley Road

Property Details
  • Taxes: $2,404 / year
  • MLS Type: Residential Income / Fourplex
  • View: Panoramic
  • Waterfront YN: No
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1972
  • Lot Size: 2.00 AC / 87,120 SF
Summary
Location and General Information
  • Directions: Follow Hwy 169 East out of Ely to Hidden Valley Road take a right and follow to Fire #1342
  • Latitude: 48
  • Longitude: -92
  • Range: 12
  • MLSArea Major: LSAR
  • Road Frontage Type: Private Road
Parking
  • Garage Spaces: 4.0
  • Garage Features: Electrical Service
  • Garage Type: Detached
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 2644
  • Twp Number: 63
  • Parcel Number: 465-0020-05055
  • Tax Annual Amount: $2,404.00
  • Tax Legal Description: N 416 FT OF W 208 FT OF NE 14 of NE 1/4
  • Tax Year: 2022
Property
Lot Information
  • Above Grade Finished Area: 1200.0
  • Below Grade Finished Area: 2904.0
  • Living Area: 4104.0
  • Lot Features: Many Trees, High
  • Lot Size Acres: 2.0
  • Lot Size Dimensions: 416'x208'
  • Basement Square Feet: ***
  • Condo Type: Up & Down
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 40x60,21x24
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 240
  • Possession: Immediate, Subject To Tenant Rights
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Public Survey Section: 35
  • Year Built: 1972
Utilities
  • Sewer: Private Sewer
  • Water Source: Drilled
Multi Family
Multi Family Information
  • Number Of Units Total: 4
Unit Information
Unit 1
  • Unit Full Bathrooms: 1
  • Unit Leased: Yes
  • Unit Lease Expiration Date: 2023-05-31
  • Unit Level: Walk Out
  • Unit Number: Apartment 1
  • Unit Number Of Rooms: 5
  • Unit Square Footage: 1100
  • Unit Type Actual Rent: $720.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Stove, Refrigerator, Microwave
  • Unit Type Type: Unit 1
Unit 2
  • Unit Fireplace: Yes
  • Unit Full Bathrooms: 1
  • Unit Leased: No
  • Unit Level: Walk Out
  • Unit Number: Owner's Home
  • Unit Number Of Rooms: 6
  • Unit Square Footage: 1600
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Owner's Home
  • Unit Type Type: Unit 2
Unit 3
  • Unit Leased: Yes
  • Unit Lease Expiration Date: 2023-05-31
  • Unit Level: Upper
  • Unit Number: Apartment 3
  • Unit Number Of Rooms: 5
  • Unit Square Footage: 640
  • Unit Three Quarter Bathrooms: 1
  • Unit Type Actual Rent: $640.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Stove, Refrigerator, Microwave
  • Unit Type Type: Unit 3
Unit 4
  • Unit Leased: Yes
  • Unit Level: Upper
  • Unit Number: Apartment 4
  • Unit Number Of Rooms: 5
  • Unit Square Footage: 640
  • Unit Three Quarter Bathrooms: 1
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Stove, Refrigerator, Microwave
  • Unit Type Type: Unit 4
Unit 5
  • Unit Type Type: Unit 5
Unit 6
  • Unit Type Type: Unit 6
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Vinyl, Wood
  • Exterior Features: Deck
  • Foundation Details: Concrete
  • Roof: Metal
  • Stories Total: 2
Interior Features
  • Basement: Full
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8
  • Heating: Baseboard, Boiler, Propane
  • Basement Features: Egress Windows,Finished,Walkout,Single Tenant Access,Owner Access,Storage,Apartment,Bath,Fireplace,Kitchen,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2022-06-16
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Lake Country Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No
  • Tenant Pays: Electricity

Property History for 1342 Hidden Valley Road

DateEvent & SourcePriceAppreciation
Sep 2, 2022

Sold (Public Record)

Public Record #1499656549

$390,000

+80.5% / yr

Sep 2, 2022

Sold

Lake Superior Area REALTORS #6103575

$390,000
Aug 2, 2022

Pending

Lake Superior Area REALTORS #6103575

DateEvent & SourcePrice
09/02/2022

Sold (Public Record)

Public Record #1499656549

$390,000

+80.5% / yr

09/02/2022

Sold

Lake Superior Area REALTORS #6103575

$390,000
08/02/2022

Pending

Lake Superior Area REALTORS #6103575

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1342 Hidden Valley Road

Taxable ValueLand$56,100Additions$417,800Total$473,900
Tax Record2026$5,112 ($426 / month)
Home Facts
Total Finished SqFt4,704 SqFtAbove Grade Finished SqFt4,704 SqFtStories1Lot Size87,120 SqFtStyleMulti-Family Res (5+ Units)Year Built1994Year Renovated1994ZoningMUNSCountyST. LOUISAPN465-0020-05055

Schools near 1342 Hidden Valley Road

This home is within Ely Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Memorial Middle School
Public6 to 8

Memorial Secondary
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1342 Hidden Valley Road, Ely, MN 55731
$390,000
8
4,104
87,120
$325,000
3
2,722
87,120
3
2
2,408
216,493
400
360,677
1.75
1,080
288,367
15,734
587,189

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Classic Realty NW - Ely

Based on information submitted to the MLS GRID as of 09/09/2025 03:41 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.