224 2nd Ave
Ely, MN 55731
6 bd 4 ba 2,400 sqft Built 1952 Lot 4,356 sqft multi_family
Most recent sale
$110,000
Jan 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 10, 2022 | Sold | $110,000 | MLS #6099267 |
| Oct 15, 2021 | Sold | $110,000 | MLS #142197 |
| Aug 25, 2021 | Listed | $119,000 | MLS #6090122 |
| Apr 23, 2021 | Listed | $137,900 | MLS #6096176 |
| Jul 24, 2018 | Sold | $95,000 | Public Record |
| Feb 25, 2017 | Listing removed | $110,000 | LakeSuperiorAreaRealtors |
| Nov 1, 2016 | Price changed | $110,000 | MLS #6022516 |
| May 19, 2016 | Listed | $140,000 | MLS #6022516 |
| Dec 16, 2014 | Listing removed | $129,000 | Arrowhead |
| Dec 8, 2014 | Price changed | $129,000 | MLS #6001147 |
| Mar 20, 2014 | Relisted | $149,000 | MLS #6001147 |
| Mar 19, 2014 | Listing removed | $149,000 | Arrowhead |
| Oct 9, 2013 | Relisted | $149,000 | MLS #6001147 |
| Oct 2, 2013 | Listing removed | $149,000 | Arrowhead |
| Jun 17, 2013 | Listed | $149,000 | MLS #6001147 |
| Apr 10, 2013 | Listing removed | $149,900 | Arrowhead |
| Jul 30, 2012 | Listing removed | $149,900 | Mankato |
| Apr 16, 2012 | Listed | $149,900 | MLS #31239 |
| Mar 21, 2012 | Listing removed | $175,000 | LakeSuperiorAreaRealtors |
| Jan 1, 2012 | Listing removed | $149,900 | Arrowhead |
| Sep 8, 2011 | Listed | $149,900 | MLS #28350 |
| Jan 1, 2010 | Listing removed | $165,000 | RangeMLS |
| Oct 18, 2009 | Relisted | $165,000 | RangeMLS |
| Oct 5, 2009 | Listed | $165,000 | MLS #1681456 |
| Sep 28, 2009 | Listing removed | $165,000 | RangeMLS |
| Jun 8, 2009 | Price changed | $165,000 | RangeMLS |
| Mar 27, 2009 | Listed | $175,000 | RangeMLS |
| Mar 3, 2009 | Listing removed | $175,000 | RangeMLS |
| Feb 22, 2009 | Listing removed | $175,000 | RangeMLS |
| Jan 12, 2009 | Listed | $175,000 | RangeMLS |
| Oct 31, 2008 | Listed | $175,000 | MLS #1681455 |
| Mar 26, 2008 | Listed | $175,000 | MLS #1681446 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | $130,100 | $7,800 | $137,900 | $2,950 |
| 2019 | $130,100 | $7,800 | $137,900 | $2,044 |
| 2018 | $100,940 | $6,240 | $107,180 | $1,574 |
| 2017 | $90,904 | $6,144 | $97,048 | $1,604 |
| 2016 | $87,167 | $5,521 | $92,688 | $1,726 |
| 2015 | $101,300 | $6,400 | $107,700 | $1,566 |
| 2014 | $91,000 | $6,200 | $97,200 | $1,601 |
| 2013 | $91,000 | $6,200 | $97,200 | $1,606 |
| 2012 | $91,000 | $6,200 | $97,200 | $1,699 |
| 2011 | $93,900 | $6,300 | $100,200 | $1,417 |
| 2010 | $133,300 | $7,900 | $141,200 | $1,530 |
| 2008 | $136,000 | $7,900 | $143,900 | $1,526 |
Property facts
Year built
1952
Property type
multi_family
Stories
2
Beds
6
Baths
4
Living area
2,400 sqft
Lot size
4,356 sqft
ZIP code
55731
City
Ely
Street
2nd Ave
Coordinates
47.89984, -91.86379
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$660
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 224 2nd Ave last sell?
224 2nd Ave most recently sold on Jan 10, 2022 for $110,000.
What is the current tax assessment for 224 2nd Ave?
The most recent total assessment for 224 2nd Ave (year 2020) is $137,900 with $2,950 in property tax.
How does 224 2nd Ave's assessment compare to its last sale price?
The current assessment is 25.4% above the last sale price of $110,000.
When was 224 2nd Ave built?
224 2nd Ave was built in 1952.
How does 224 2nd Ave compare to others on 2nd Ave?
We track 3 other properties on 2nd Ave. Browse the list under "Other properties on 2nd Ave" to compare beds, baths, and sale history.
What are the property facts for 224 2nd Ave?
224 2nd Ave is a 6 bed, 4 bath, 2,400 sqft, 4,356 sqft lot multi_family.
Is 224 2nd Ave a flip candidate?
No — 224 2nd Ave does not appear in our flips dataset.
Is 224 2nd Ave a tax-appeal candidate?
Yes — 224 2nd Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.0%
Implied 1-yr
+4.0%
2026 Q3
$205.7K
2026 Q4
$207.7K
ZIP 55731 — Median Price History + Forecast
Explore nearby
Other properties on 2nd Ave