OFF MARKET

Off Market Sep 2022 for $390K

—

Est. refi paymentEst. refi $2,547/mo

•

4 ba

•

4,104

sq ft

1342 Hidden Valley Rd, Ely, MN 55731

About this home

The ultimate investment retreat giving you 4 apartments nestled in the pines and out your the back door enjoy acres and acres of recreational trails for hiking, skiing, biking and our north woods. This property has been well cared for and maintained. Choose to live on sight with your rental income supporting your lifestyle. The property is landscaped with pine, maples and fresh air. This retreat is located on the outskirts of Ely and convenient to all Ely has to offer. Garage space for all 4 units, insulated work shop area and another out building for storage. Solid rental history with long term tenants. Each unit has 2 bedrooms, 1 bath and full kitchen. Present the owners unit has a deluxe great room with log accent, wood burning fireplace, beautiful kitchen and laundry.

Multi-familyProperty Type

1972Year Built

2 acresLot Size

$95Price/Sq.Ft.

4 car garageParking

Listed by Lori Schulze

Contact: ***

Bought with Lori Schulze • Keller Williams Classic Realty NW - Ely

Redfin checked: a minute ago

•Source:LSAR as distributed by WIREX #6103575

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 55731, MN

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.2%

+0.5% MoM

Median sale price

$272K

$7K MoM

Avg. days on market

41d

12 days MoM

Recently sold homes

5 MoM

New listings for sale

$175,000
1 bed— baths290 sq ft
4704 Highway 169, Ely, MN 55731
$317,000
2 beds— baths1,282 sq ft
651 Fernberg Rd, Ely, MN 55731
$230,000
7 beds4 baths2,600 sq ft
429 S 4th Ave Ave E, Ely, MN 55731
3D WALKTHROUGH
$160,000
2 beds1 bath1,064 sq ft
1211 E Camp St, Ely, MN 55731
3D WALKTHROUGH
$648,500
3 beds1 bath1,136 sq ft
5005 N Lake Vermilion, Tower, MN 55790
See all

Provided by Redfin

Sale history for 1342 Hidden Valley Rd

Year

Property tax

Land + Additions

Assessment*

2026

$5,112 (+1.8%)

$52,900 + $372,900

$425,800

2025

$5,022 (+27.8%)

$52,900 + $354,400

$407,300

2024

$3,930 (+41.7%)

$13,900 + $124,500

$138,400

2023

$2,774 (+4.9%)

$11,136 + $81,432

$92,568

2022

$2,644 (−1.2%)

$26,768 + $68,779

$95,547

2021

$2,676 (+10.0%)

$26,648 + $160,187

$186,835

2020

$2,432 (+29.6%)

$26,648 + $160,187

$186,835

2019

$1,876 (+0.9%)

$25,239 + $151,242

$176,481

2018

$1,860 (+9.8%)

$25,239 + $151,242

$176,481

2017

$1,694 (+1.9%)

$24,239 + $135,418

$159,657

2016

$1,662 (−0.3%)

$24,200 + $135,400

$159,600

2014

$1,667 (−2.1%)

$24,200 + $135,400

$159,600

2013

$1,702

$26,100 + $135,600

$161,700

Tax history for 1342 Hidden Valley Rd

Year

Property tax

Land + Additions

Assessment*

2026

$5,112 (+1.8%)

$52,900 + $372,900

$425,800

2025

$5,022 (+27.8%)

$52,900 + $354,400

$407,300

2024

$3,930 (+41.7%)

$13,900 + $124,500

$138,400

2023

$2,774 (+4.9%)

$11,136 + $81,432

$92,568

2022

$2,644 (−1.2%)

$26,768 + $68,779

$95,547

2021

$2,676 (+10.0%)

$26,648 + $160,187

$186,835

2020

$2,432 (+29.6%)

$26,648 + $160,187

$186,835

2019

$1,876 (+0.9%)

$25,239 + $151,242

$176,481

2018

$1,860 (+9.8%)

$25,239 + $151,242

$176,481

2017

$1,694 (+1.9%)

$24,239 + $135,418

$159,657

2016

$1,662 (−0.3%)

$24,200 + $135,400

$159,600

2014

$1,667 (−2.1%)

$24,200 + $135,400

$159,600

2013

$1,702

$26,100 + $135,600

$161,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

1.7

Lot width

—

Lot depth

—

Lot size

2 Acres

Year renovated

1994

Sq. Ft.

4,704

Year built

1994

Style

Multi-Family (5+ Unit)

County

St. Louis County

APN

465-0020-05055

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 27, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 4
Parking Features: Detached

Interior

Heating & Cooling
Has Heating
Heating: Baseboard, Propane

Room Information
Has Basement
Basement Details: Full, Finished, Apartment, Storage Space

Unit Type 1 Information
Description: Stove, Refrigerator, Microwave
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $640

Unit Type 3 Information
Description: Stove, Refrigerator, Microwave
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $650

Unit Type 4 Information
Description: Stove, Refrigerator, Microwave
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $720

Unit Type 6 Information
Description: Owner's Home
# of Bedrooms: 2
# of Bathrooms: 1

Exterior

Exterior Features
Patio And Porch Features: Deck
Roof: Metal

Building Information
Above Grade Finished Area: 1,200
Below Grade Finished Area: 2,904
# of Stories Total: 2
Construction Materials: Block

Property Features
Has View

Property Information
Property Type: Residential Income
Property Sub Type: Quadruplex
Raw Mls Property Sub Type: Fourplex

Lot Information
Lot Features: Many Trees
Road Frontage Type: Private Road
Lot Size Dimensions: 416' x 208'
Lot Size Acres: 2

Financial

Tax Information
Tax Annual Amount: $2,404

Utilities

Utility Information
Water Source: Well
Sewer: Private Sewer

Location

Schools Information
High School District: Ely #696

Location Information
Directions: Follow Hwy 169 East out of Ely to Hidden Valley Road take a right and follow to Fire #1342

Public facts

Beds: —
Baths: —
Sq. Ft.: 4,704
Stories: 1.7
Lot Size: 2 acres
Style: Multi-Family (5+ Unit)
Year Built: 1994
Year Renovated: 1994
County: St. Louis County
APN: 465-0020-05055

Home facts updated by county records on Aug 27, 2026

Other

Listing Information
AttributionContact: ***

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 1.6mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 1.6mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 1.6mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

1/10 Heat Factor

7 days above 91° expected this year, 12 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Ely, MN • 55731

Average low and high temperatures (°F)

-5

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.4 hours in June and 2.7 hours in December, placing it below the U.S. average for solar exposure.

8.4 hrs

2.7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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Home values near 1342 Hidden Valley Rd

Data from public records.

Address	Redfin Estimate
1360 Hidden Valley Rd, Ely, MN 3 Beds \| 2 Baths \| 2408 Sq. Ft.	$487,828
1396 MN-169, Ely, MN - Beds \| - Baths \| - Sq. Ft.	$365,352

Address	Redfin Estimate
1340 Hidden Valley Rd, Ely, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$395,029
1296 Hematite Blvd, Ely, MN 3 Beds \| 2 Baths \| 1326 Sq. Ft.	$404,056

Address	Redfin Estimate
1356 Hidden Valley Rd, Ely, MN - Beds \| 2 Baths \| 1080 Sq. Ft.	$370,435
1280 Heather St, Ely, MN 3 Beds \| 3 Baths \| 3048 Sq. Ft.	$392,223

Property information provided by LSAR as distributed by WIREX when last listed in 2022. This data may not match . Learn more.

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