324 S 4th Ave E

$159,500
Price
4
Beds
2,640 Sq. Ft.
$60 / Sq. Ft.
2,640
Sq. Ft.
$60
per Sq. Ft.

Description

Incredible investment opportunity by unlocking this historic 2.75 story home’s potential! Much of original character is retained - 26 ft covered front porch, 9 ft ceilings, large windows, original interior doors & woodwork, hardwood floors & some vintage fixtures. Third level attic offers even more potential living space with 7’ ceilings in 3 large rooms! Updates include roof, siding, main level windows, electrical service, plumbing, etc. 4 city lots, off-street parking, fully fenced yard. Originally...Incredible investment opportunity by unlocking this historic 2.75 story home’s potential! Much of original character is retained - 26 ft covered front porch, 9 ft ceilings, large windows, original interior doors & woodwork, hardwood floors & some vintage fixtures. Third level attic offers even more potential living space with 7’ ceilings in 3 large rooms! Updates include roof, siding, main level windows, electrical service, plumbing, etc. 4 city lots, off-street parking, fully fenced yard. Originally built as Sec 30 hospital, moved to this site, converted to a triplex & later, main level housed a child’s day care. Ideally located in heart of Ely.
  1. Listed by Wendy S Johnson • Keller Williams Classic Realty NW - Ely
    P: (218)-349-7731 wendyinely@kw.com

Property Details for 324 South 4th Avenue East

Waterfront YN
No
LISTING UPDATED: 10/02/2025 08:01 PM

Property Details for 324 South 4th Avenue East

StatusActive
MLS #6122204
Days on Compass81
Taxes$3,701 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1898
Lot Size0.12 AC / 5,227 SF
CountySt. Louis County

Location

Listing Courtesy of Keller Williams Classic Realty NW - Ely
Add your commute

Building Information for 324 South 4th Avenue East

Stories3Residences3Year Built1898Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$1,097 per month

30 year fixed, 6.28% Interest

Principal and Interest

$788

Property Taxes

$308

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 324 South 4th Avenue East

Summary
Location and General Information
  • Directions: In town
  • Latitude: 48
  • Longitude: -92
  • MLSArea Major: LSAR
  • Road Frontage Type: City Street, Paved Road, Sidewalks, Street Lights
Parking
  • Garage Spaces: 0.0
  • Garage Type: None
  • Parking Features: Off Street, Gravel
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 3956
  • Parcel Number: 030-0060-00010, 00015, 00020 & 00025
  • Tax Annual Amount: $3,701.00
  • Tax Legal Description: Lots 1, 2, 3 & 4, Block 1, Desjardins Addition to Ely
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Finished Area: 2640.0
  • Below Grade Finished Area: 0.0
  • Living Area: 2640.0
  • Lot Features: Landscaped, Some Trees, Level
  • Lot Size Acres: 0.12
  • Lot Size Dimensions: 50 x 100
  • Basement Square Feet: ***
  • Condo Type: Up & Down
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 27 x 40
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 255
  • Possession: Close Of Escrow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Year Built: 1898
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Multi Family
Multi Family Information
  • Number Of Units Total: 3
Unit Information
Unit 1
  • Unit Amenities: Ceiling Fans,Natural Woodwork,Washer/Dryer Hookups
  • Unit Appliances: Dryer,Microwave,Range/Stove,Refrigerator,Washer
  • Unit Leased: No
  • Unit Level: Main
  • Unit Number Of Rooms: 6
  • Unit Square Footage: 812
  • Unit Three Quarter Bathrooms: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Previously utilized as child day care center until 2015. Plumbing, electrical, windows were replaced & lead based paint abated.
  • Unit Type Type: Unit 1
Unit 2
  • Unit Amenities: Hardwood Floors,Natural Woodwork,Plaster Walls
  • Unit Appliances: Range/Stove,Refrigerator
  • Unit Full Bathrooms: 1
  • Unit Leased: No
  • Unit Level: 2nd
  • Unit Number Of Rooms: 4
  • Unit Square Footage: 479
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Some visual damage to ceiling & walls prior to replacement of roof.
  • Unit Type Type: Unit 2
Unit 3
  • Unit Amenities: Hardwood Floors,Natural Woodwork,Plaster Walls,Paneled Walls
  • Unit Appliances: Range/Stove,Refrigerator
  • Unit Leased: No
  • Unit Level: 2nd
  • Unit Number Of Rooms: 4
  • Unit Square Footage: 353
  • Unit Three Quarter Bathrooms: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Unit Level: 3nd
  • Unit Number: Attic Area
  • Unit Number Of Rooms: 3
  • Unit Square Footage: 480
  • Unit Type Description: 3 large rooms with a +7' ceiling in center & minimum 4' sidewalls
  • Unit Type Type: Unit 4
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl
  • Exterior Features: Fenced Yard, Porch
  • Foundation Details: Poured Concrete
  • Roof: Asphalt Shingle
  • Stories Total: 3
Interior Features
  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Partial
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4
  • Heating: Forced Air, Oil
  • Basement Features: Unfinished,Storage,Utility Room
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2025-10-01
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: City Of Ely
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No
  • Tenant Pays: Other

Property History for 324 South 4th Avenue East

DateEvent & SourcePriceAppreciation
Oct 1, 2025

Listed (Active)

Lake Superior Area REALTORS #6122204

$159,500
Oct 1, 2025

Off Market

Lake Superior Area REALTORS #6118431

$168,500
Apr 1, 2025

Off Market

Lake Superior Area REALTORS #6116254

$189,900
Apr 1, 2025

Listed (Active)

Lake Superior Area REALTORS #6118431

$184,000
Sep 24, 2024

Listed (Active)

Lake Superior Area REALTORS #6116254

$189,900
DateEvent & SourcePrice
10/01/2025

Listed (Active)

Lake Superior Area REALTORS #6122204

$159,500
10/01/2025

Off Market

Lake Superior Area REALTORS #6118431

$168,500
04/01/2025

Off Market

Lake Superior Area REALTORS #6116254

$189,900
04/01/2025

Listed (Active)

Lake Superior Area REALTORS #6118431

$184,000
09/24/2024

Listed (Active)

Lake Superior Area REALTORS #6116254

$189,900

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

Public Records for 324 South 4th Avenue East

Taxable ValueLand$1,800Additions$43,600Total$45,400
Tax Record2025$1,010 ($84 / month)
Home Facts
Total Finished SqFt2,430 SqFtAbove Grade Finished SqFt2,430 SqFtStories3StyleMulti-Family Dwelling (2-4)Year Built1898CountyST. LOUISAPN030-0060-00010

Schools near 324 South 4th Avenue East

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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324 South 4th Avenue East is a multi-family home for sale in Ely, MN 55731. This property was listed for sale on October 1, 2025 by Keller Williams Classic Realty NW - Ely, it's currently listed at $159,500. This listing's school district is Ely Public School District. Nearby schools include Washington Elementary School, Memorial Middle School and Memorial Secondary. 324 South 4th Avenue East is a 4-bed, 3-bath, 2,640 sqft multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Classic Realty NW - Ely

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 10/02/2025 08:01 PM