Ely Homes under $250,000

Welcome to Ely, Minnesota, a charming city nestled in the heart of St. Louis County and a gateway to the stunning Boundary Waters Canoe Area Wilderness. Known for its rich history in mining and its vibrant outdoor culture, Ely offers residents and visitors a unique blend of small-town charm and adventure. Surrounded by pristine lakes, lush forests, and breathtaking landscapes, this community is a haven for nature lovers, outdoor enthusiasts, and those seeking a peaceful retreat from the hustle and bustle of city life.

Ely’s downtown area is filled with quaint shops, delightful eateries, and local art galleries, making it a delightful place to explore. The city's close-knit community hosts various events throughout the year, including the Ely Winter Festival and the Blueberry Arts Festival, which showcase the area's culture and creativity.

For those looking to call this picturesque city home, Ely offers a variety of housing options, including charming homes under $250,000. Whether you’re searching for a cozy cabin, a quaint bungalow, or a spacious family home, Ely’s real estate market has something for everyone. These affordable properties provide an excellent opportunity for first-time homebuyers, retirees, or anyone looking to invest in a serene lifestyle surrounded by nature.

With its stunning scenery, welcoming community, and affordable housing options, Ely, MN, is not just a place to live; it’s a place to thrive. Discover your dream home in this enchanting city today!

Newest Ely Homes under $250,000

$175,000

ACTIVE Status ⋅ 1 Beds ⋅ 7138143 MLS ⋅ 290 SqFt.

This "one of a kind" recreational cabin is situated on 8+ wooded acres near Lake Vermilion. The cabin features a rustic "charm" with aged barn wood ceilings, tin accents and angled/sloped roof line and foundation. Cabin includes open kit/DR/LR area w/free standing wood fireplace, bedroom and small sleeping loft. Extras include 24x36 detached garage w/concrete floor (built in 2025), well (w/hand pump), electricity, woodshed and storage shed/privy. This property is in a great location as it is located between Tower & Ely, near Lake Vermilion State Park & Campground, Mesabi Bike Trail is across the road, minutes from the new OHV Campground and near other area lakes for year around recreation. Property adjoins hundreds of acres of public land. This property is ready for the next owner to start making great memories at now!

4704 Highway 169, Ely

Listing courtesy of BIC Realty.

$155,000

ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 7107676 MLS ⋅ 1,238 SqFt.

Welcome to this charming 3 bedroom, 1 bath home in beautiful Ely, MN! Plenty of windows throughout provide natural light, and a cozy fireplace greets you after exploring the great outdoors. With an attached garage for all your northern activities, this house will serve you for years to come!

1111 E Camp Street, Ely

Listing courtesy of North Pine Realty.

$114,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7093046 MLS ⋅ 1,140 SqFt.

If you're searching for a unique escape that combines the charm of secluded living with the convenience of modern amenities, your search ends at this marvelous Ely property. Don't miss the opportunity to call this extraordinary place home. Tucked away under the Iconic Ely Water Tower, the gateway to Ely you'll find this hidden gem. 2 BR/1.5 BA home with hardwood floors, large eat in kitchen, and main floor laundry. Main floor boasts a large kitchen, expansive living room, office, and 1/4 bath. Upper-level features two bedrooms and a 3/4 bathroom. Large deck off the upper 20x11.5 bedroom! And let's not forget the massive 18 x 36 garage. Propane furnace too!!

355 W Harvey Street, Ely

Listing courtesy of Z'Up North Realty, Inc..

$118,999

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7088876 MLS ⋅ 762 SqFt.

This charming 3bedroom, 2 bath home in Ely offers comfortable living with a relaxed Northwoods feel. The main floor features an eat-in kitchen that flows into a spacious living room, plus a convenient half bath. Upstairs you’ll find three bedrooms and a full bath, giving everyone their own space. One of the highlights is the beautiful 4-season sunroom finished in warm knotty pine, perfect for morning coffee or watching the seasons change. Outside, a custom stone and cement patio creates a great spot for relaxing or entertaining. The basement includes an electric sauna for unwinding after a day outdoors. There’s also a 1 stall garage with extra room for tinkering or storage. Locationwise, you’re close to the Trezona Trail, Miners Lake, and Shagawa Lake, and just a short walk to downtown Ely for coffee or a bite to eat. It’s a practical, well-laid-out home in a convenient Ely location.

230 W Camp Street, Ely

Listing courtesy of Z'Up North Realty, Inc..

$189,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7086969 MLS ⋅ 1,042 SqFt.

37 E Boundary Street E, Ely

Listing courtesy of Z'Up North Realty, Inc..

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