Real Estate Investment Properties for Sale in Ely, MN

Looking for investment property in Ely, MN with high ROI ?

Explore a variety of short-term homes & houses in Ely, MN. Invest wisely with VRBO & Ely, MN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Ely, MN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2713 Burntside Lake NE Ely, MN Secluded Estate On Coveted Burntside Lake Offers Ultimate Privacy In Sheltered Bay, Epic V...	3 beds \| 3 baths \| 3,710 sq.ft.	$1,985,500	Airbnb cash on cash: -0.81% Traditional cash on cash: -0.24% Airbnb Rental Income: $2360 Traditional Rental Income: $2821 Airbnb ROI: -0.81% Traditional ROI: -0.24%
615 E WILSON ST Ely, MN Invest with success and buy through Auction.com. This bank-owned investment property is a ...	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.53% Airbnb Rental Income: $null Traditional Rental Income: $1660 Airbnb ROI: N/A Traditional ROI: 4.53%
3297 Burntside Lake Lake NW Ely, MN Burntside Lake Handscribed Log Home In Private Bay At End Of Pristine Granite Fiord. Set o...	1 beds \| 1 baths \| 800 sq.ft.	$865,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 0.64% Airbnb Rental Income: $2378 Traditional Rental Income: $1814 Airbnb ROI: 0.62% Traditional ROI: 0.64%
3297 NW Burntside Lake Ely, MN Burntside Lake Handscribed Log Home In Private Bay At End Of Pristine Granite Fiord. Set o...	1 beds \| 1 baths \| 800 sq.ft.	$865,000	Airbnb cash on cash: 0% Traditional cash on cash: 0.06% Airbnb Rental Income: $2378 Traditional Rental Income: $1841 Airbnb ROI: 0% Traditional ROI: 0.06%
13848 Queen's Bay Rd Ely, MN Garden Lake log cabin situated on 5 acres with 215 feet of level lakeshore. The cabin was ...	2 beds \| N/A baths \| 400 sq.ft.	$330,000	Airbnb cash on cash: 3.64% Traditional cash on cash: 2.67% Airbnb Rental Income: $2478 Traditional Rental Income: $1576 Airbnb ROI: 3.64% Traditional ROI: 2.67%
1317 N Highway 21 Ely, MN If you're looking for a peaceful and secluded retreat surrounded by nature, this meticulou...	3 beds \| 2 baths \| 2,800 sq.ft.	$429,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 4.52% Airbnb Rental Income: $2360 Traditional Rental Income: $2757 Airbnb ROI: 2.08% Traditional ROI: 4.52%
3694 Moose Creek Trail Ely, MN Right Out Of Log Home Living! Secluded Hand Hewn Log Home At End Of Rd On Clear Lake Near ...	3 beds \| 2 baths \| 2,335 sq.ft.	$1,150,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 1.14% Airbnb Rental Income: $2360 Traditional Rental Income: $2816 Airbnb ROI: 0.17% Traditional ROI: 1.14%
302 E Harvey Street Ely, MN This charming bungalow, situated on a private corner lot, offers the perfect blend of comf...	3 beds \| 1 baths \| 1,431 sq.ft.	$178,000	Airbnb cash on cash: 8.59% Traditional cash on cash: 10.11% Airbnb Rental Income: $2360 Traditional Rental Income: $2035 Airbnb ROI: 8.59% Traditional ROI: 10.11%
3231 Wolf Lake Road Ely, MN Ready to make this dream estate your legacy? Burntside Lake Home on Outlet Bay in Ely is n...	5 beds \| 6 baths \| 5,250 sq.ft.	$4,500,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.16% Airbnb Rental Income: $null Traditional Rental Income: $6178 Airbnb ROI: N/A Traditional ROI: 0.16%
615 Kellys Lots Ely, MN Escape to your very own log home, nestled on the picturesque narrows of Garden Lake in Ely...	1 beds \| 1 baths \| 777 sq.ft.	$350,000	Airbnb cash on cash: 3.52% Traditional cash on cash: 2.83% Airbnb Rental Income: $2378 Traditional Rental Income: $1565 Airbnb ROI: 3.52% Traditional ROI: 2.83%
1804 North Bay Road Ely, MN Nestled approximately 12 miles south of Ely, this 3BR/3BA Birch Lake home sits on a 2.6-ac...	3 beds \| 2 baths \| 2,920 sq.ft.	$649,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 3.13% Airbnb Rental Income: $2360 Traditional Rental Income: $3104 Airbnb ROI: 0.94% Traditional ROI: 3.13%
143 E Harvey Ely, MN Situated in the heart of Ely, MN â often hailed as one of the "Coolest Small Towns" and ...	N/A beds \| N/A baths \| 4,164 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.94% Airbnb Rental Income: $null Traditional Rental Income: $1166 Airbnb ROI: N/A Traditional ROI: 0.94%
297 S Kawishiwi Summer Homes Rd Ely, MN Idyllic Log Cabin on Birch Lake / Kawishiwi River. Nestled amidst towering White Pines and...	1 beds \| N/A baths \| 459 sq.ft.	$325,000	Airbnb cash on cash: 4.23% Traditional cash on cash: 3.15% Airbnb Rental Income: $2378 Traditional Rental Income: $1462 Airbnb ROI: 4.23% Traditional ROI: 3.15%
1004 Madison Street Ely, MN Discover the best of Ely living with this amazing propertyâyour dream home is just a cal...	2 beds \| 2 baths \| 1,050 sq.ft.	$185,000	Airbnb cash on cash: 8.5% Traditional cash on cash: 8.02% Airbnb Rental Income: $2478 Traditional Rental Income: $1793 Airbnb ROI: 8.5% Traditional ROI: 8.02%
1728 N Hwy 21 Ely, MN Just far enough from town for some peace and quiet, yet still close enough to town in case...	2 beds \| 1 baths \| 1,296 sq.ft.	$259,000	Airbnb cash on cash: 5.19% Traditional cash on cash: 4.89% Airbnb Rental Income: $2478 Traditional Rental Income: $1804 Airbnb ROI: 5.19% Traditional ROI: 4.89%
324 S 4th Ave E Ely, MN Incredible investment opportunity by unlocking this historic 2.75 story homeâs potential...	N/A beds \| N/A baths \| 2,640 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.21% Airbnb Rental Income: $null Traditional Rental Income: $1837 Airbnb ROI: N/A Traditional ROI: 7.21%
1127 E Madison Ely, MN Updated 3 bed 2 bath home in Ely. Unwind and relax in your 3 season porch, or on those coo...	3 beds \| 2 baths \| 1,354 sq.ft.	$190,000	Airbnb cash on cash: 7.41% Traditional cash on cash: 9.81% Airbnb Rental Income: $2360 Traditional Rental Income: $2211 Airbnb ROI: 7.41% Traditional ROI: 9.81%
1340 Hidden Valley Rd Ely, MN Tucked away amidst two acres of forested land lies a property like no otherâa sanctuary ...	3 beds \| 3 baths \| 2,722 sq.ft.	$350,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 7.9% Airbnb Rental Income: $2360 Traditional Rental Income: $3219 Airbnb ROI: 3.51% Traditional ROI: 7.9%
403 E James Ely, MN Updated corner lot with 2 garages! 2-bedroom 2 bath home near the school, parks, downtown,...	2 beds \| 3 baths \| 2,640 sq.ft.	$238,500	Airbnb cash on cash: 6.09% Traditional cash on cash: 11.02% Airbnb Rental Income: $2478 Traditional Rental Income: $2987 Airbnb ROI: 6.09% Traditional ROI: 11.02%
78 W Chandler St Ely, MN A MUCH sought after ranch style home with a bonus walkout basement is situated in a quiet ...	3 beds \| 2 baths \| 1,247 sq.ft.	$199,000	Airbnb cash on cash: 7.84% Traditional cash on cash: 9.68% Airbnb Rental Income: $2360 Traditional Rental Income: $2126 Airbnb ROI: 7.84% Traditional ROI: 9.68%
25 E S 2nd Ave Ely, MN "Coolest Small Towns" and a gateway to the BWCA (Boundary Waters Canoe Area) you have an i...	N/A beds \| N/A baths \| 4,164 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.83% Airbnb Rental Income: $null Traditional Rental Income: $1311 Airbnb ROI: N/A Traditional ROI: 1.83%
1188 Hwy 169 Ely, MN Imagine owning almost 6 acres of mostly wooded and partially pastured land with a three be...	3 beds \| 3 baths \| 3,456 sq.ft.	$400,000	Airbnb cash on cash: 3% Traditional cash on cash: 6.73% Airbnb Rental Income: $2360 Traditional Rental Income: $3176 Airbnb ROI: 3% Traditional ROI: 6.73%

Real Estate investment in Ely, MN

There are 22 properties for sale in the city of Ely . The median list price in Ely is $327,500 and the average price per square foot is $153. In November 2024, the average monthly cash on cash return in Ely is 5.00%. The average monthly rental income in Ely is $1,938.

Ely, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22 investment properties available for sale in Ely.

In 2024, the best neighborhood to buy investment property is Ely.

The ROI for Long-Term is higher than the Short-Term in Ely with average rental income of $1,938.

Your search for investment property begins and ends here

Investment Property for Sale in Ely, MN

2713 Burntside Lake NE

Ely, MN

3 beds | 3 baths | 3,710 sq.ft.

$1,985,500

Airbnb cash on cash: -0.81%

Traditional cash on cash: -0.24%

Airbnb Rental Income: $2360

Traditional Rental Income: $2821

Airbnb ROI: -0.81%

Traditional ROI: -0.24%

615 E WILSON ST

Ely, MN

N/A beds | N/A baths | N/A

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.53%

Airbnb Rental Income: $null

Traditional Rental Income: $1660

Airbnb ROI: N/A

Traditional ROI: 4.53%

3297 Burntside Lake Lake NW

Ely, MN

1 beds | 1 baths | 800 sq.ft.

$865,000

Airbnb cash on cash: 0.62%

Traditional cash on cash: 0.64%

Airbnb Rental Income: $2378

Traditional Rental Income: $1814

Airbnb ROI: 0.62%

Traditional ROI: 0.64%

3297 NW Burntside Lake

Ely, MN

1 beds | 1 baths | 800 sq.ft.

$865,000

Airbnb cash on cash: 0%

Traditional cash on cash: 0.06%

Airbnb Rental Income: $2378

Traditional Rental Income: $1841

Airbnb ROI: 0%

Traditional ROI: 0.06%

13848 Queen's Bay Rd

Ely, MN

2 beds | N/A baths | 400 sq.ft.

$330,000

Airbnb cash on cash: 3.64%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $2478

Traditional Rental Income: $1576

Airbnb ROI: 3.64%

Traditional ROI: 2.67%

1317 N Highway 21

Ely, MN

3 beds | 2 baths | 2,800 sq.ft.

$429,000

Airbnb cash on cash: 2.08%

Traditional cash on cash: 4.52%

Airbnb Rental Income: $2360

Traditional Rental Income: $2757

Airbnb ROI: 2.08%

Traditional ROI: 4.52%

3694 Moose Creek Trail

Ely, MN

3 beds | 2 baths | 2,335 sq.ft.

$1,150,000

Airbnb cash on cash: 0.17%

Traditional cash on cash: 1.14%

Airbnb Rental Income: $2360

Traditional Rental Income: $2816

Airbnb ROI: 0.17%

Traditional ROI: 1.14%

302 E Harvey Street

Ely, MN

3 beds | 1 baths | 1,431 sq.ft.

$178,000

Airbnb cash on cash: 8.59%

Traditional cash on cash: 10.11%

Airbnb Rental Income: $2360

Traditional Rental Income: $2035

Airbnb ROI: 8.59%