Courtesy: Z' Up North Realty
218-827-2288
Situated in the heart of Ely, MN â?? 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 â?? 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; itâ??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.
Andrea D. Conner, License # 40471694, Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Ely is located in Minnesota. Ely, Minnesota has a population of 3,425. Ely is less family-centric than the surrounding county with 19.43% of the households containing married families with children. The county average for households married with children is 26.75%.
The median household income in Ely, Minnesota is $36,179. The median household income for the surrounding county is $50,936 compared to the national median of $57,652. The median age of people living in Ely is 46.8 years.
The average high temperature in July is 78.7 degrees, with an average low temperature in January of -5 degrees. The average rainfall is approximately 28.9 inches per year, with 64.6 inches of snow per year.
