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
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.	$745,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 0.41% Airbnb Rental Income: $1924 Traditional Rental Income: $1841 Airbnb ROI: -0.21% Traditional ROI: 0.41%
1852 Grant McMahan Boulevard Ely, MN Set on a secluded 27.5-acre wooded peninsula overlooking the pristine Shagawa Lake, this e...	3 beds \| 2 baths \| 2,460 sq.ft.	$1,150,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 1.19% Airbnb Rental Income: $1140 Traditional Rental Income: $2939 Airbnb ROI: -0.85% Traditional ROI: 1.19%
13848 Queen's Bay Rd Ely, MN Garden Lake log cabin situated on 5 acres with 215 feet of level lakeshore. Full block bas...	2 beds \| N/A baths \| 400 sq.ft.	$320,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 2.82% Airbnb Rental Income: $1513 Traditional Rental Income: $1576 Airbnb ROI: 1.14% Traditional ROI: 2.82%
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.	$168,500	Airbnb cash on cash: 1.96% Traditional cash on cash: 8.22% Airbnb Rental Income: $1224 Traditional Rental Income: $1837 Airbnb ROI: 1.96% Traditional ROI: 8.22%
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: -0.74% Traditional cash on cash: 3.13% Airbnb Rental Income: $1140 Traditional Rental Income: $3104 Airbnb ROI: -0.74% Traditional ROI: 3.13%
3547 Norway Lane Ely, MN Step into the warmth of this stunning log home, perfectly designed for those seeking a pea...	3 beds \| 1 baths \| 1,400 sq.ft.	$469,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 3.11% Airbnb Rental Income: $1140 Traditional Rental Income: $2232 Airbnb ROI: -0.24% Traditional ROI: 3.11%
12957 W Ridge Rd Ely, MN Exquisite Year-Round Log Home Retreat on 4 wooded acres. This beautifully maintained log h...	4 beds \| 3 baths \| 2,026 sq.ft.	$619,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 3.33% Airbnb Rental Income: $1859 Traditional Rental Income: $2857 Airbnb ROI: 0.74% Traditional ROI: 3.33%
4996 Big Lake Rd Ely, MN Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. Investment o...	2 beds \| 1 baths \| 400 sq.ft.	$222,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 4.95% Airbnb Rental Income: $1513 Traditional Rental Income: $1442 Airbnb ROI: 3.19% Traditional ROI: 4.95%
638 E James St Ely, MN Charming Two-Story Home Near Schools and Park This well-maintained 3-bedroom, 2-bath home ...	3 beds \| 2 baths \| 1,350 sq.ft.	$237,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 8.46% Airbnb Rental Income: $1140 Traditional Rental Income: $2289 Airbnb ROI: 1.64% Traditional ROI: 8.46%
4994 Big Lake Rd Ely, MN Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. This 2 bedr...	2 beds \| 1 baths \| 400 sq.ft.	$222,000	Airbnb cash on cash: 3.18% Traditional cash on cash: 4.94% Airbnb Rental Income: $1513 Traditional Rental Income: $1442 Airbnb ROI: 3.18% Traditional ROI: 4.94%
4089 First Lake Rd Ely, MN This Echo Trail beauty in Ely, Mn is an opportunity to find solace at this 18 acre off gri...	1 beds \| 1 baths \| 1,080 sq.ft.	$475,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 3.36% Airbnb Rental Income: $1924 Traditional Rental Income: $2156 Airbnb ROI: 1.69% Traditional ROI: 3.36%
518 Sparrow Ln Ely, MN Classic 1930s Log Cabin on Fall Lake Step back in time and embrace the charm of this clas...	1 beds \| N/A baths \| 618 sq.ft.	$450,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 0.71% Airbnb Rental Income: $1924 Traditional Rental Income: $1015 Airbnb ROI: 1.66% Traditional ROI: 0.71%
1150 Old Airport Road Ely, MN Nestled on 45 acres, this exceptional cabin retreat provides the perfect nature lover or h...	1 beds \| N/A baths \| 678 sq.ft.	$380,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 2.68% Airbnb Rental Income: $1924 Traditional Rental Income: $1507 Airbnb ROI: 2.42% Traditional ROI: 2.68%
1475 Echo Trl Ely, MN Echo Trail Home - This custom built, 1160 sq ft home in Ely has everything you would expe...	1 beds \| 1 baths \| 1,160 sq.ft.	$449,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 2.3% Airbnb Rental Income: $1924 Traditional Rental Income: $1620 Airbnb ROI: 1.82% Traditional ROI: 2.3%
105 N Klondike Dr Ely, MN Exquisite Shagawa Lake Custom Built Home - Beautiful, 2187 sq ft home has 480 ft of shorel...	3 beds \| 3 baths \| 2,187 sq.ft.	$950,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 1.65% Airbnb Rental Income: $1140 Traditional Rental Income: $3231 Airbnb ROI: -1.14% Traditional ROI: 1.65%
359 Sunset Rd. Ely, MN Hereâs your opportunity to own this beautifully designed lake home with two bedrooms, tw...	2 beds \| 2 baths \| 2,240 sq.ft.	$675,000	Airbnb cash on cash: 0% Traditional cash on cash: 2.75% Airbnb Rental Income: $1513 Traditional Rental Income: $2802 Airbnb ROI: 0% Traditional ROI: 2.75%
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.	$745,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 0.82% Airbnb Rental Income: $1924 Traditional Rental Income: $1814 Airbnb ROI: 0.25% Traditional ROI: 0.82%
42 W Shagawa Rd Ely, MN Charming 1 Bedroom Home with 2 Stall Garage on Dead End Road. Discover this delightful 1 b...	1 beds \| 1 baths \| 852 sq.ft.	$159,000	Airbnb cash on cash: 6.85% Traditional cash on cash: 6.74% Airbnb Rental Income: $1924 Traditional Rental Income: $1398 Airbnb ROI: 6.85% Traditional ROI: 6.74%
1663 Saari Rd Ely, MN White Iron Lake, Ely, Minnesota - Custom built 5200 sq. ft. home with 320 feet of level la...	4 beds \| 4 baths \| 5,016 sq.ft.	$1,499,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 1.78% Airbnb Rental Income: $1859 Traditional Rental Income: $4504 Airbnb ROI: -0.48% Traditional ROI: 1.78%
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: -1.43% Traditional cash on cash: -0.31% Airbnb Rental Income: $1140 Traditional Rental Income: $2821 Airbnb ROI: -1.43% Traditional ROI: -0.31%
1530 N 20th Avenue E Ely, MN Rustic Charm Meets Opportunity on 10 (yes, ten!) City Lots Explore this rare find nestled...	3 beds \| 1 baths \| 1,373 sq.ft.	$199,500	Airbnb cash on cash: 2.47% Traditional cash on cash: 9.03% Airbnb Rental Income: $1140 Traditional Rental Income: $2002 Airbnb ROI: 2.47% Traditional ROI: 9.03%
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: 1.02% Traditional cash on cash: 4.53% Airbnb Rental Income: $1224 Traditional Rental Income: $1660 Airbnb ROI: 1.02% Traditional ROI: 4.53%

Real Estate investment in Ely, MN

There are 22 properties for sale in the city of Ely . The median list price in Ely is $449,000 and the average price per square foot is $280. In September 2025, the average monthly cash on cash return in Ely is 3.00%. The average monthly rental income in Ely is $1,839.

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

There are 22 investment properties available for sale in Ely.

In 2025, 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 $1,839.

Your search for investment property begins and ends here

Investment Property for Sale in Ely, MN

3297 NW Burntside Lake

Ely, MN

1 beds | 1 baths | 800 sq.ft.

$745,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 0.41%

Airbnb Rental Income: $1924

Traditional Rental Income: $1841

Airbnb ROI: -0.21%

Traditional ROI: 0.41%

1852 Grant McMahan Boulevard

Ely, MN

3 beds | 2 baths | 2,460 sq.ft.

$1,150,000

Airbnb cash on cash: -0.85%

Traditional cash on cash: 1.19%

Airbnb Rental Income: $1140

Traditional Rental Income: $2939

Airbnb ROI: -0.85%

Traditional ROI: 1.19%

13848 Queen's Bay Rd

Ely, MN

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

$320,000

Airbnb cash on cash: 1.14%

Traditional cash on cash: 2.82%

Airbnb Rental Income: $1513

Traditional Rental Income: $1576

Airbnb ROI: 1.14%

Traditional ROI: 2.82%

324 S 4th Ave E

Ely, MN

N/A beds | N/A baths | 2,640 sq.ft.

$168,500

Airbnb cash on cash: 1.96%

Traditional cash on cash: 8.22%

Airbnb Rental Income: $1224

Traditional Rental Income: $1837

Airbnb ROI: 1.96%

Traditional ROI: 8.22%

1804 North Bay Road

Ely, MN

3 beds | 2 baths | 2,920 sq.ft.

$649,000

Airbnb cash on cash: -0.74%

Traditional cash on cash: 3.13%

Airbnb Rental Income: $1140

Traditional Rental Income: $3104

Airbnb ROI: -0.74%

Traditional ROI: 3.13%

3547 Norway Lane

Ely, MN

3 beds | 1 baths | 1,400 sq.ft.

$469,000

Airbnb cash on cash: -0.24%

Traditional cash on cash: 3.11%

Airbnb Rental Income: $1140

Traditional Rental Income: $2232

Airbnb ROI: -0.24%

Traditional ROI: 3.11%

12957 W Ridge Rd

Ely, MN

4 beds | 3 baths | 2,026 sq.ft.

$619,000

Airbnb cash on cash: 0.74%

Traditional cash on cash: 3.33%

Airbnb Rental Income: $1859

Traditional Rental Income: $2857

Airbnb ROI: 0.74%

Traditional ROI: 3.33%

4996 Big Lake Rd

Ely, MN

2 beds | 1 baths | 400 sq.ft.

$222,000

Airbnb cash on cash: 3.19%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $1513

Traditional Rental Income: $1442

Airbnb ROI: 3.19%