1. Minnesota
  2. Ely
  3. 1027 E Chapman Street
$179,000

1027 E Chapman Street, Ely, MN 55731

  • 4 beds |
  • 2 baths |
  • 1,496 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon0.43acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $120/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Spacious 4-Bed, 2-Bath Family Home in Ely, MN – With Income Potential! Welcome to this versatile home located on the east end of Ely—perfect for growing families or those looking to offset their mortgage with rental income. This property offers two fully functional living spaces, with a kitchen and living room on both floors. Ideal for multi-generational living, a mother-in-law suite, or a long-term or short-term rental. Restored maple flooring adds warmth and charm throughout, newer tip-out windows bring in natural light and are easy to clean. Sitting on five city lots, there's ample space for kids to play, gardening, or building a future garage or workshop. Located in a residential area close to schools, parks, and downtown Ely. Live comfortably on the main floor and rent out the upper level for extra income. Great opportunity to own a home with built-in rental flexibility Could also serve as a seasonal cabin or vacation rental (VRBO, Airbnb). A great opportunity!

Listing Status:
Pending
Listing Office:
Vermilion Land Office, Inc. : 218-753-8985
MLS ID:
6755734

This listing courtesy of Vermilion Land Office, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Washington Elementary School

600 E Harvey St, Ely, MN, 55731

Grades PK-5

0.42 miles away

M

Memorial Middle School

600 E Harvey St, Ely, MN, 55731

Grades 6-8

0.42 miles away

M

Memorial High School

600 E Harvey St, Ely, MN, 55731

Grades 9-12

0.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.