Lori Gustafson

4704 Highway 169

Ely, MN
$ 175,000 Beds 1 Baths 0 Sq 290
Monthly Estimate* How much can I afford?

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!

Single Family

  • Price
  • $ 175,000
  • City
  • Ely
  • Bedrooms
  • 1
  • Full Bathrooms
  • 0
  • County
  • SAINT LOUIS
  • Half Bathrooms
  • 0
  • Area
  • Breitung Town Of
  • Lot Size
  • 8.63 Acres
  • Zip
  • 55731
  • Sqr Footage
  • 290
  • Year Built
  • 2018
  • Taxes
  • $ 614
  • Style
  • Single Family
  • MLS#
  • 7138143
Listed By: BIC Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 290
Sewer Outhouse,Private Sewer
Heating Fireplace(s)
Cooling None
Garage Spaces 2
Construction Materials Frame
Year Built 2018
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County St. Louis
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Breitung Town Of
Other Structures Garage(s),Storage Shed
Directions Hwy. 169 north of Soudan approx. 2.5 miles to property.
City Ely
High School District St. Louis County
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 614
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Ely

Interior Features

Basement None
Total Fireplaces 1
Fireplace Features Free Standing,Wood Burning
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 290
Total Bedrooms 1
Foundation Dimensions 22x17
Fuel Wood
Garage Dimensions 24x36
Garage Square Feet 864

Exterior Features

Parking Features Detached Garage,Gravel,Open
Lot Features Irregular Lot,Property Adjoins Public Land,Tree Coverage - Medium
Water Source Private,Sand Point
Lot Size Area 8.63
Building Area Total 290
Lot Dimensions 400x1140
Wooded Area 8.6
Waterfront Y/N No
Foundation Area 290

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/3/2026 Listed $175,000

Property vs Zip Code Average in 55731

Price
AVG $770K
$180K
Taxes
AVG $5,071
$614
Year Built
AVG 1971
2018
Visits
AVG 90
4
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

4704 Highway 169 Ely, MN is a Single Family Home for sale at $175000 with 290 sqft and a lot size of 8.63 Acres Acre(s). 4704 Highway 169 Ely has 1 bedrooms, 0 baths and was built in 2018. The property's zip code is 55731 which is in Ely, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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