Ely Homes with (MF) Triplex Style

Welcome to Ely, Minnesota—a charming city nestled in the heart of St. Louis County, where natural beauty and a vibrant community come together to create an idyllic lifestyle. Known as the gateway to the Boundary Waters Canoe Area Wilderness, Ely is a haven for outdoor enthusiasts, offering endless opportunities for hiking, fishing, and canoeing in its pristine lakes and lush forests. The city boasts a rich history, with a strong connection to the logging and mining industries, which is reflected in its warm, welcoming atmosphere and tight-knit community spirit.

Ely is not just a place for adventure; it also offers a variety of housing options to suit diverse needs. Among these are the attractive triplex-style homes, perfect for those looking to invest or accommodate extended family. These multi-family (MF) properties provide a unique blend of comfort and practicality, offering three separate living units within one structure. Whether you're a savvy investor seeking rental income or a family looking to live close while maintaining privacy, triplex homes in Ely present a fantastic opportunity.

With stunning views of the surrounding wilderness and a community that values both tranquility and accessibility, owning a triplex in Ely means embracing a lifestyle that balances nature with convenience. Explore the vibrant local arts scene, enjoy seasonal festivals, and take part in the friendly community events that make Ely a truly special place to call home. Discover your dream triplex today, and start your journey in this enchanting Minnesota city!

Newest Ely Homes with (MF) Triplex Style

$246,000

7 Beds ⋅ 4 Baths ⋅ 7064870 MLS

A piece of history set back on 3 city lots on the corner of 4th Avenue and James Street. This Triplex has been loved and cared for for over 30 years. The main floor has a 3 bedroom apartment and an efficiency apartment each with their own off street parking spots, kitchens, bathrooms, and access to the basement for separate laundry areas. The upstairs is a 4+ bedroom with in unit laundry and a huge attic space that could be storage or it has the potential to be 2 extra bedrooms and has amazing views. The yard is huge with a beautiful stone retaining wall on the south side, a big garden, blister-rust resistant white pines and a beautiful sugar maple tree. This property is easily customizable to combine the entire 1st level or add a bedroom to the efficiency. Grab yourself a piece of history and a rare cash flowing rental property in the amazing town of Ely!

429 S 4th Avenue E, Ely

Listing courtesy of GRAND PROPERTIES REAL ESTATE.

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