Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Income
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price range
    $
    $
    Size
    Property size / sq.ft.
    AI Search

    Ely, MN Residential Income Properties for Sale

    Notify Me
    List
    Map
    Ely Mixed-Use Income Property
    $275,000
    3,768 SF

    Ely Mixed-Use Income Property

    120 E Sheridan St, Ely, MN 55731

    Commercial building with income-generating apartments in high-traffic location.

    • High‑traffic location on Sheridan Street (7,700 vehicles/day) in Ely's main business corridor, ideal for attracting customers.
    • Dual income potential from commercial space and two rentable 1‑bedroom apartments.
    • Versatile commercial space divisible into two separate units for multiple tenants or increased rental income.
    • 3,000+ sq ft commercial building with four large display windows for showcasing merchandise.
    • Located in a tourism‑rich area near the Boundary Waters Canoe Area Wilderness, state parks, and resorts.
    Updated: Mar 27
    View details
    Mixed-Use Building in Downtown Ely
    Contact for pricing
    8,078 SF

    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN 55731

    Two-story building with restaurant and four apartments in Ely.

    • Prime downtown Ely location on Highways 1/169.
    • Multi‑purpose commercial real estate with restaurant and apartments.
    • Restaurant space of 4,014 sq. ft. with seating for 150.
    • Four residential rental units on the second floor.
    • Income potential from 3 out of 4 rented apartment units.
    Updated: Aug 1, 2024
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property in Tower, MN
    $176,000
    1,512 SF

    Mixed-Use Property in Tower, MN

    Commercial property with residential living quarters in downtown Tower.

    507 Main St, Tower, MN 55790
    View details
    RV Lot on Lake Vermillion
    $49,900
    0.05 Acres

    RV Lot on Lake Vermillion

    RV lot with boat slip access to Lake Vermillion.

    6 Lk Ave Ave S, Tower, MN 55790
    View details
    Biwabik Mixed-Use Investment Opportunity
    Contact for pricing
    3,304 SF

    Biwabik Mixed-Use Investment Opportunity

    Updated mixed-use property with apartments and commercial spaces in Biwabik, MN.

    400 Main St S, Biwabik, MN 55708
    View details
    Updated Mixed-Use Investment Opportunity
    Contact for pricing
    3,304 SF

    Updated Mixed-Use Investment Opportunity

    Updated mixed-use property with apartments and commercial spaces in Biwabik,MN.

    400 Main St S, Biwabik, MN 55708
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Burntside Lake 5-Acre Island Parcel
    $945,000
    5.30 Acres

    Burntside Lake 5-Acre Island Parcel

    Spectacular Burntside Lake property with south and west facing exposure.

    Tbd Waters Is, Ely, MN 55731
    View details

    Explore Off-Market Properties in Ely, MN

    Consider similar Off-Market properties in Ely, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    127 1st E Ave

    127 1st E Ave

    APARTMENT HOUSE (5+ UNITS) • 4,476 SF
    Value Estimation by Request
    127 1st E Ave, Ely, MN 55731-1261
    View details
    338 4th E Ave

    338 4th E Ave

    APARTMENT HOUSE (5+ UNITS) • 2,320 SF
    Value Estimation by Request
    338 4th E Ave, Ely, MN 55731-1553
    View details
    100 2nd W Ave, Unit 2

    100 2nd W Ave, Unit 2

    APARTMENT HOUSE (5+ UNITS) • 9,990 SF
    Value Estimation
    $1,175,000
    100 2nd W Ave, Ely, MN 55731-1168
    View details
    2121 Camp St

    2121 Camp St

    Mixed-use properties • 20.00 Acres
    Value Estimation by Request
    2121 Camp St, Ely, MN 55731
    View details

    Ely, MN Residential Income Properties Investment Opportunities Market Analysis

    Explore 10 residential income properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 871,200 square feet of properties for sale, with an estimated market value of $700,000.

    Sale prices for residential income properties in Ely, MN start at $0.00, averaging $116,666, and reaching up to $285,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Popular Searches in Ely, MN

    Popular Categories

    Most Searched ZIP Codes in Ely, MN

    • 55731

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!