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628 E Sheridan St, Ely, MN, 55731

4beds
1baths
1,456sqft
$185,000
$127price/sqft
$1,428/moest. monthly cost
$57,120/yrincome needed

About This Home

This exceptionally located four-bedroom home sits directly adjacent to Ely’s Whiteside Park and just two blocks from the Ely schools. The spacious main level features a charming front porch with wall-to-wall windows, a large living room with French doors opening to a traditional dining room, and a generous kitchen with direct access to the backyard. Upstairs, you’ll find four nicely sized bedrooms and a full bath. Highlights include original woodwork, updated windows throughout, a newer furnace, added insulation, a two-stall garage, and a full, dry basement. Set on two city lots, this classic home offers space, character, and an unbeatable location.

Getting Around

69
WalkingSomewhat Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

5/10
6/10
Memorial Middle SchoolGrades 6-80.2 mi
9/10
Memorial SecondaryGrades 9-120.2 mi

Construction

Condition

  • Property condition: Previously Owned

Materials

  • Foundation: Concrete Perimeter
  • Roof: Asphalt Shingle
  • Construction materials: Fiber Board,Frame/Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater-Electric,Microwave,Refrigerator
  • Laundry features: Dryer Hook-Ups,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Utility Room,Washer Hook-Ups,Dryer Hook-Ups

Bedroom

  • Level: Second
  • Area: 168
  • Dimensions: 12 x 14

Bedroom

  • Level: Second
  • Area: 156
  • Dimensions: 12 x 13

Bedroom

  • Level: Second
  • Area: 137.5
  • Dimensions: 11 x 12.5

Bedroom

  • Level: Second
  • Area: 132
  • Dimensions: 11 x 12

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main
  • Area: 169
  • Dimensions: 13 x 13

Features

  • Natural Woodwork
  • Window features: Double Glazed,Energy Windows,Vinyl Windows
  • Flooring: Hardwood Floors
  • Finished area below ground: 0
  • Finished area above ground: 1,456

Heating

  • Heating features: Forced Air,Oil

Interior Area

  • Total interior livable area: 1,456 sqft

Kitchen

  • Level: Main
  • Area: 156
  • Dimensions: 13 x 12

Living Room

  • Level: Main
  • Area: 273
  • Dimensions: 13 x 21

Property

Details

  • Parcel number: 030037001360
  • Zoning description: Business/Commercial
  • Foundation area: 728

Features

  • Patio & porch: Porch
  • Has view: Yes
  • View description: City Lights

Lot

  • Lot size: 6,098 sqft
  • Features: Tree Coverage - Light,Level
  • Lot size dimensions: 50 x 125

Parking

  • Total spaces: 2
  • Parking features: On Street,Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Lightning
Heat Wave

FEMA Declared Disasters in St. Louis County and Minnesota

Fire
Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $935$11,220
Home Insurance *$166$1,992
Property Taxes $157$1,884
Electricity $170$2,050
Total$1,428$17,136
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$48,960/yr
40% on housing$42,840/yr
45% on housing$38,080/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$127This listing

vs Other Active Listings

Avg $/sqft

ZIP 55731$218
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55731
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-09Listed for sale$185,000
2026-02-24Contingent$185,000
2026-02-04Listed for sale$185,000

For Sale by Agent

AgentKate Davies
BrokerageBear Island Realty LLC

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