1027 E Chapman St, Ely, MN 55731 (MLS # 6120715)
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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 7/15/2025 |
|---|---|---|---|
| YEAR BUILT | 1915 | COMMUNITY | LSAR |
| COUNTY | St. Louis County | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Ely #696 |
|---|
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater, Microwave, Refrigerator |
|---|---|
| AREA | LSAR |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Baseboard, Exhaust Fan, Hot Water |
| LOT | 0.43 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level |
| LOT DIMENSIONS | 125x150 |
| PARKING | Gravel |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Traditional |
| TAXES | 2983 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listed with Vermilion Land Office, Inc
Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice.
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