Cheap homes for sale & real estate in 55731, MN

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ABOUT THIS HOME
Cheap Home for sale in 55731, MN:
Cabin on 10 acres near the public landing to Eagles Nest Lake 3 from Bear Head State Park - The cabin , built in 2019, is 12 X 24. It has an open living area with a kitchenette, with new propane refrigerator and stove , hickory cabinets and a living area looking over the woods plus a spacious storage room. Tongue and groove pine walls, laminate flooring, vinyl clad windows, a ceiling fan, and a patio door to the west. Free standing fireplace. 12 X 20 storage shed built in 2020 with a metal roof. Satellite toilet. Owners have a design and location for a septic system. A generator powers the lights and outlets. Set up for solar. Generator and solar system can be purchased from sellers. Dr

$150,000

1 bed— baths288 sq ft

1346 Bear Head State Park Rd, Ely, MN 55731

Kitchenette • 10 acres • Open living area

ABOUT THIS HOME
Cheap Home for sale in 55731, MN:
This charming in-town 3-bedroom, 2.5-bath home on a double lot offers the perfect balance of comfort and convenience, located just a short walk to Ely schools. Inside, you’ll find a warm and functional layout with bright living spaces and a kitchen that flows easily into the dining and living area with a bonus half bathroom for guests. Upstairs features three bedrooms, a linen closet, and a full bath. Main floor has a big Kitchen and formal dinning room with a bay window. The partially finished basement includes another 3/4 bathroom with a family room/office space and a separate laundry room. Outside, the fully fenced-in yard is ideal for pets, and the property features two insulated,

$215,000

3 beds2 baths1,525 sq ft

124 White St, Ely, MN 55731

Double lot • Bright living spaces • Fully fenced in yard

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 55731, MN:
Turn-key, beautifully remodeled in-town home in the heart of Ely, MN. This inviting, open concept home features 3 bedrooms, 3 baths (one on each level), large open kitchen with stainless appliances and main floor laundry. The main level features mud rooms at both front and back entries, gorgeous, refinished wood flooring in living and dining rooms, high ceilings with wood beams and ceiling fans and a remodeled full bath. Upstairs you will find the primary bedroom with a private ¾ bath and two additional bedrooms – all with like new carpeting. The basement features a non-egress bedroom with attached ¾ bath, storage and utility rooms, high efficiency propane furnace and ne

$228,000

3 beds3 baths1,975 sq ft

1151 E Camp St, Ely, MN 55731

Main floor laundry • Mud rooms • High ceilings

$419,000

3 beds1 bath1,400 sq ft

3547 Norway Ln, Ely, MN 55731

3.25 acre lot • 2 garage spots • Built 1996

ABOUT THIS HOME
Cheap Home for sale in 55731, MN:
Close to both Ely and Tower, this versatile property features a cozy home with 2–3 bedrooms, a two-car garage, and a spacious 31x26 Quonset shed with a 12-foot overhead door—all set on 5 private acres. While currently listed as a two-bedroom, the home can easily be used as a three-bedroom to suit your needs. Outdoor enthusiasts will love the location, with the Mesabi Bike Trail running right past the property and easy access to nearby ATV and snowmobile trails. You’re also just minutes from Armstrong and Eagles Nest Lakes, as well as Bear Head State Park. Adding even more appeal, the property borders state land, providing extra space and privacy. Enjoy the peaceful setting

$270,000

2 beds1 bath939 sq ft

1739 Bear Head State Park Rd, Ely, MN 55731

Mesabi bike trail • Large backyard • Deck

Property at 313 E Chapman St, Ely, MN 55731, 4 beds, 2.5 baths

$219,000

4 beds2.5 baths1,824 sq ft

313 E Chapman St, Ely, MN 55731

Property at 4002 Shiloh Trl, Orr, MN 55771

$145,000

— beds— baths740 sq ft

4002 Shiloh Trl, Orr, MN 55771

Property at Lot 6 Snowbank Lk, Fall Lake Township, MN 55731, 2 beds, 1 bath

$249,000

2 beds1 bath810 sq ft

Lot 6 Snowbank Lk, Fall Lake Township, MN 55731

Property at 1247 Wolf Den Dr, Ely, MN 55731, 2 beds, 3 baths

$449,000

2 beds3 baths2,579 sq ft

1247 Wolf Den Dr, Ely, MN 55731

Property at 545 E Wilson St, Ely, MN 55731, 3 beds, 2 baths

$229,000

3 beds2 baths1,544 sq ft

545 E Wilson St, Ely, MN 55731

Property at 578 Kawishiwi Trl, Ely, MN 55731, 1 bed, 1 bath

$215,000

1 bed1 bath720 sq ft

578 Kawishiwi Trl, Ely, MN 55731

Property at 1475 Echo Trl, Ely, MN 55731, 1 bed, 1 bath

$389,000

1 bed1 bath1,160 sq ft

1475 Echo Trl, Ely, MN 55731

Property at 27 E Harvey St, Ely, MN 55731, 2 beds, 1.5 baths

$189,000

2 beds1.5 baths1,041 sq ft

27 E Harvey St, Ely, MN 55731

Property at xxxxx White Iron Lk, Morse Township, MN 55731, 3 beds

$299,000

3 beds— baths1,072 sq ft

xxxxx White Iron Lk, Morse Township, MN 55731

Property at 1326 21st Ave E, Ely, MN 55731, 3 beds, 2 baths

$295,000

3 beds2 baths1,728 sq ft

1326 21st Ave E, Ely, MN 55731

Property at 738 E Camp St, Ely, MN 55731, 3 beds, 1 bath

$84,000

3 beds1 bath1,240 sq ft

738 E Camp St, Ely, MN 55731

Property at 1531 Bear Head State Park Rd, Ely, MN 55731, 1 bed, 1 bath

$375,000

1 bed1 bath1,056 sq ft

1531 Bear Head State Park Rd, Ely, MN 55731

Property at 14575 Jackpine Trl, Ely, MN 55731, 2 beds, 1 bath

$425,000

2 beds1 bath847 sq ft

14575 Jackpine Trl, Ely, MN 55731

Property at 954 Camp St, Ely, MN 55731, 4 beds, 2 baths

$189,000

4 beds2 baths1,450 sq ft

954 Camp St, Ely, MN 55731

Property at 14108 Fall Lake Rd, Ely, MN 55731, 2 beds, 2 baths

$359,000

2 beds2 baths3,274 sq ft

14108 Fall Lake Rd, Ely, MN 55731

Property at 52 W Chandler Rd, Ely, MN 55731, 1 bath

$249,000

— beds1 bath786 sq ft

52 W Chandler Rd, Ely, MN 55731

Property at 1280 Heather St, Ely, MN 55731, 3 beds, 3 baths

$179,000

3 beds3 baths3,048 sq ft

1280 Heather St, Ely, MN 55731

Property at 1896 Echo Trl, Ely, MN 55731, 2 beds, 1 bath

$369,500

2 beds1 bath1,280 sq ft

1896 Echo Trl, Ely, MN 55731

Property at 1530 N 20th Ave E, Ely, MN 55731, 3 beds, 1 bath

$199,500

3 beds1 bath1,373 sq ft

1530 N 20th Ave E, Ely, MN 55731

Property at 246 N 5th Ave Ave E, Ely, MN 55731, 3 beds, 1.5 baths

$179,000

3 beds1.5 baths1,346 sq ft

246 N 5th Ave Ave E, Ely, MN 55731

Property at 324 4th Ave Ave E, Ely, MN 55731, 4 beds, 3 baths

$159,500

4 beds3 baths2,640 sq ft

324 4th Ave Ave E, Ely, MN 55731

Property at 296 Shady Ln, Ely, MN 55731, 2 beds, 1 bath

$299,000

2 beds1 bath912 sq ft

296 Shady Ln, Ely, MN 55731

Property at 3784 Fenske Lake Rd, Ely, MN 55731, 2 beds, 2 baths

$319,000

2 beds2 baths967 sq ft

3784 Fenske Lake Rd, Ely, MN 55731

Property at 3810 Mud Creek Rd, Ely, MN 55731, 2 beds

$124,900

2 beds— baths840 sq ft

3810 Mud Creek Rd, Ely, MN 55731

Property at 235 E Harvey St, Ely, MN 55731, 3 beds, 2 baths

$224,900

3 beds2 baths1,299 sq ft

235 E Harvey St, Ely, MN 55731

Property at 3807 Fenske Lake Rd, Ely, MN 55731, 1 bed, 1 bath

$295,000

1 bed1 bath421 sq ft

3807 Fenske Lake Rd, Ely, MN 55731

Property at 3801 Fenske Lake Rd, Ely, MN 55731, 2 beds, 1 bath

$349,000

2 beds1 bath630 sq ft

3801 Fenske Lake Rd, Ely, MN 55731

Property at 13464 Chestnut Dr, Ely, MN 55731, 2 beds, 1 bath

$229,000

2 beds1 bath1,215 sq ft

13464 Chestnut Dr, Ely, MN 55731

Property at 3811 Fenske Lake Rd, Ely, MN 55731, 3 beds, 1 bath

$389,000

3 beds1 bath1,120 sq ft

3811 Fenske Lake Rd, Ely, MN 55731

Property at 23 W Harvey St, Ely, MN 55731, 4 beds, 1.5 baths

$205,000

4 beds1.5 baths2,484 sq ft

23 W Harvey St, Ely, MN 55731

Property at 1739 Pine Street Rd, Ely, MN 55731, 2 beds, 1 bath

$415,000

2 beds1 bath920 sq ft

1739 Pine Street Rd, Ely, MN 55731

Property at 1229 E Sheridan St, Ely, MN 55731, 2 beds, 1.5 baths

$179,000

2 beds1.5 baths1,012 sq ft

1229 E Sheridan St, Ely, MN 55731

Property at 13848 Queen's Bay Rd, Ely, MN 55731, 2 beds

$320,000

2 beds— baths400 sq ft

13848 Queen's Bay Rd, Ely, MN 55731

Property at 840 E Chapman St, Ely, MN 55731, 2 beds, 3 baths

$160,000

2 beds3 baths648 sq ft

840 E Chapman St, Ely, MN 55731

Property at XXX9 Powerhouse Trl, Ely, MN 55731

$199,900

— beds— baths— sq ft

XXX9 Powerhouse Trl, Ely, MN 55731

Property at XXX10 Powerhouse Trl, Ely, MN 55731

$204,000

— beds— baths— sq ft

XXX10 Powerhouse Trl, Ely, MN 55731

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Based on information submitted to the MLS GRID as of Fri Nov 28 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Homes for Sale in 55731

There are currently 63 cheap homes for sale in 55731 at a median listing price of $354K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 55731 stay on the market for 107 days. This map is refreshed with the newest listings in 55731 every 15 minutes.

In the past month, 11 homes have been sold in 55731. In addition to houses in 55731, there were also 0 condos, 4 townhouses, and 1 multi-family unit for sale in 55731 last month. Find your dream home in 55731 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 55731 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 55731. If you're looking to sell your home in the 55731 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 55731 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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