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Spacious 4-Bed, 2-Bath Family Home in Ely, MN - With Income Potential! Welcome to this versatile home located on the east end of Ely-perfect for growing families or those looking to offset their mortgage with rental income. This property offers two fully functional living spaces, with a kitchen and living room on both floors. Ideal for multi-generational living, a mother-in-law suite, or a long-term or short-term rental. Restored maple flooring adds warmth and charm throughout, newer tip-out windows bring in natural light and are easy to clean. Sitting on five city lots, there's ample space for kids to play, gardening, or building a future garage or workshop. Located in a residential area close to schools, parks, and downtown Ely. Live comfortably on the main floor and rent out the upper level for extra income. Great opportunity to own a home with built-in rental flexibility Could also serve as a seasonal cabin or vacation rental (VRBO, Airbnb). A great opportunity!

Property Details of 1027 E Chapman Street

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Listed by Barb Hegg of Vermilion Land Office,Inc (***)

Listing Sold by Bear Island Realty LLC

Listings courtesy of Lake Superior Area REALTORS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of January 23, 2026 5:09 AM EST. 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. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

 
 

 

 

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