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: -1.43% Traditional cash on cash: -0.31% Airbnb Rental Income: $1133 Traditional Rental Income: $2821 Airbnb ROI: -1.43% Traditional ROI: -0.31%
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: -0.12% Traditional cash on cash: 4.53% Airbnb Rental Income: $900 Traditional Rental Income: $1660 Airbnb ROI: -0.12% 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.	$745,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 0.82% Airbnb Rental Income: $1872 Traditional Rental Income: $1814 Airbnb ROI: 0.18% Traditional ROI: 0.82%
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: -0.27% Traditional cash on cash: 0.41% Airbnb Rental Income: $1872 Traditional Rental Income: $1841 Airbnb ROI: -0.27% Traditional ROI: 0.41%
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: 0.66% Traditional cash on cash: 2.82% Airbnb Rental Income: $1339 Traditional Rental Income: $1576 Airbnb ROI: 0.66% Traditional ROI: 2.82%
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: -0.75% Traditional cash on cash: 3.13% Airbnb Rental Income: $1133 Traditional Rental Income: $3104 Airbnb ROI: -0.75% Traditional ROI: 3.13%
324 S 4th Ave E Ely, MN Incredible investment opportunity by unlocking this historic 2.75 story homeâs potential...	4 beds \| 3 baths \| 2,640 sq.ft.	$159,500	Airbnb cash on cash: 7.64% Traditional cash on cash: 8.73% Airbnb Rental Income: $2232 Traditional Rental Income: $1837 Airbnb ROI: 7.64% Traditional ROI: 8.73%
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.	$452,500	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.26% Airbnb Rental Income: $1133 Traditional Rental Income: $2232 Airbnb ROI: -0.23% Traditional ROI: 3.26%
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: 1.28% Traditional cash on cash: 3.33% Airbnb Rental Income: $2232 Traditional Rental Income: $2857 Airbnb ROI: 1.28% 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.	$205,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 5.43% Airbnb Rental Income: $1339 Traditional Rental Income: $1442 Airbnb ROI: 2.78% Traditional ROI: 5.43%
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.	$210,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 5.27% Airbnb Rental Income: $1339 Traditional Rental Income: $1442 Airbnb ROI: 2.68% Traditional ROI: 5.27%
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: 2.3% Traditional cash on cash: 2.68% Airbnb Rental Income: $1872 Traditional Rental Income: $1507 Airbnb ROI: 2.3% 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.	$425,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 2.49% Airbnb Rental Income: $1872 Traditional Rental Income: $1620 Airbnb ROI: 1.86% Traditional ROI: 2.49%
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: -0.23% Traditional cash on cash: 2.75% Airbnb Rental Income: $1339 Traditional Rental Income: $2802 Airbnb ROI: -0.23% Traditional ROI: 2.75%
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: -0.25% Traditional cash on cash: 1.78% Airbnb Rental Income: $2232 Traditional Rental Income: $4504 Airbnb ROI: -0.25% Traditional ROI: 1.78%
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: 2.44% Traditional cash on cash: 9.03% Airbnb Rental Income: $1133 Traditional Rental Income: $2002 Airbnb ROI: 2.44% Traditional ROI: 9.03%
2375 Viste Point Rd Ely, MN Embrace the beauty of lakeside living with this exceptional lake home on Burntside Lake in...	3 beds \| 2 baths \| 2,706 sq.ft.	$1,200,000	Airbnb cash on cash: -1.29% Traditional cash on cash: 0.83% Airbnb Rental Income: $1133 Traditional Rental Income: $3115 Airbnb ROI: -1.29% Traditional ROI: 0.83%
1280 S White Iron Rd Ely, MN White Iron Lake Custom Built Home - This beautiful 4 bedroom home is just minutes away fro...	4 beds \| 3 baths \| 2,259 sq.ft.	$825,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.91% Airbnb Rental Income: $2232 Traditional Rental Income: $3459 Airbnb ROI: 0.59% Traditional ROI: 2.91%
1326 N 21st Ave E Ely, MN 3 bedroom, 2 bath home on a beautiful, wooded lot in the City limits of Ely. The open kit...	3 beds \| 2 baths \| 1,728 sq.ft.	$320,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 5.88% Airbnb Rental Income: $1133 Traditional Rental Income: $2474 Airbnb ROI: 0.17% Traditional ROI: 5.88%
1029 E White St. Ely, MN IS ELY, MN YOUR DESTINATION OF CHOICE? Check out this cozy one level, featuring a full "un...	2 beds \| 1 baths \| 1,158 sq.ft.	$136,900	Airbnb cash on cash: 4.42% Traditional cash on cash: 10.23% Airbnb Rental Income: $1339 Traditional Rental Income: $1690 Airbnb ROI: 4.42% Traditional ROI: 10.23%
2734 Bear Island River Rd Ely, MN Stop the scrollâthis is the lake place youâve been waiting for! With 266 feet of prime...	2 beds \| 2 baths \| 1,172 sq.ft.	$695,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 1.51% Airbnb Rental Income: $1339 Traditional Rental Income: $2159 Airbnb ROI: -0.39% Traditional ROI: 1.51%
1739 Bear Head State Park Rd Ely, MN Close to both Ely and Tower, this versatile property features a cozy home with 2â3 bedro...	2 beds \| 1 baths \| 902 sq.ft.	$280,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 3.49% Airbnb Rental Income: $1339 Traditional Rental Income: $1571 Airbnb ROI: 1.05% Traditional ROI: 3.49%
954 E Camp St Ely, MN Check out this spacious 3+ bedroom, 2-bath home just minutes from downtown Ely. With a g...	4 beds \| 2 baths \| 1,450 sq.ft.	$189,000	Airbnb cash on cash: 6.68% Traditional cash on cash: 10.95% Airbnb Rental Income: $2232 Traditional Rental Income: $2437 Airbnb ROI: 6.68% Traditional ROI: 10.95%

Real Estate investment in Ely, MN

There are 23 properties for sale in the city of Ely . The median list price in Ely is $380,000 and the average price per square foot is $228. In October 2025, the average monthly cash on cash return in Ely is 3.00%. The average monthly rental income in Ely is $1,841.

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

There are 23 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 $1,841.

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: -1.43%

Traditional cash on cash: -0.31%

Airbnb Rental Income: $1133

Traditional Rental Income: $2821

Airbnb ROI: -1.43%

Traditional ROI: -0.31%

615 E WILSON ST

Ely, MN

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

$250,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 4.53%

Airbnb Rental Income: $900

Traditional Rental Income: $1660

Airbnb ROI: -0.12%

Traditional ROI: 4.53%

3297 Burntside Lake Lake NW

Ely, MN

1 beds | 1 baths | 800 sq.ft.

$745,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 0.82%

Airbnb Rental Income: $1872

Traditional Rental Income: $1814

Airbnb ROI: 0.18%

Traditional ROI: 0.82%

3297 NW Burntside Lake

Ely, MN

1 beds | 1 baths | 800 sq.ft.

$745,000

Airbnb cash on cash: -0.27%

Traditional cash on cash: 0.41%

Airbnb Rental Income: $1872

Traditional Rental Income: $1841

Airbnb ROI: -0.27%

Traditional ROI: 0.41%

13848 Queen's Bay Rd

Ely, MN

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

$320,000

Airbnb cash on cash: 0.66%

Traditional cash on cash: 2.82%

Airbnb Rental Income: $1339

Traditional Rental Income: $1576

Airbnb ROI: 0.66%

Traditional ROI: 2.82%

1804 North Bay Road

Ely, MN

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

$649,000

Airbnb cash on cash: -0.75%

Traditional cash on cash: 3.13%

Airbnb Rental Income: $1133

Traditional Rental Income: $3104

Airbnb ROI: -0.75%

Traditional ROI: 3.13%

324 S 4th Ave E

Ely, MN

4 beds | 3 baths | 2,640 sq.ft.

$159,500

Airbnb cash on cash: 7.64%

Traditional cash on cash: 8.73%

Airbnb Rental Income: $2232

Traditional Rental Income: $1837

Airbnb ROI: 7.64%

Traditional ROI: 8.73%

3547 Norway Lane

Ely, MN

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

$452,500

Airbnb cash on cash: -0.23%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1133

Traditional Rental Income: $2232

Airbnb ROI: -0.23%