Historic, Garage, Renovated
1910 Eveleth Iron Range Home with Sauna in Garage, 30% Below Zip Median PSF — $115,000
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 1910 build, 4BR/2BA, 3-season porch, 2-stall garage with sauna room |
| Condition | 25% | 7 | New furnace 2025, new windows 2026; one bath renovated; sauna needs finishing |
| Price / Sq Ft | 15% | 9 | Listing $79/sqft vs zip median $114/sqft — ~31% below; thin 7-comp data |
| Price vs. Market | 5% | 6 | $115K vs $149,956 median — ~23% below zip median; directional signal |
| Market Conditions | 5% | 7 | DOM 78 days, sale-to-list 95.4%, price drops 68.2% — clear buyer's market |
The garage has a sauna room in it. Not a finished one — the stove still needs to go in and the space needs work — but the bones of a traditional sauna are already there, sitting in a two-stall garage behind a 115-year-old Iron Range house. On the Iron Range, that detail matters. It is either the thing that makes you stop scrolling or it is not, and if it is, keep reading.
The house itself is a 1910 four-bedroom with two baths and 1,456 square feet. The listing copy says three bedrooms, but the data says four, with the upper level running tandem — two rooms connected, which works for a kid's setup, a nursery next to a bedroom, or a home office that has its own door. There is also a large attic up there for storage. The main level has a three-season porch across the front, which in Minnesota is a legitimate season-extending room for a solid chunk of the year.
The mechanical situation is about as clean as it gets for a house this age. New furnace in 2025. New windows in 2026. One bathroom has been renovated. The sauna room is the one unfinished thing on the list, and it is a project you take on because you want a sauna, which means you are probably someone who will enjoy the process.
At $79 per square foot, this is running about 31% below the zip code median. The zip median sits around $149,956, and this is asking $115,000. In a buyer's market with 68% of listings taking price cuts and an average sale-to-list ratio of 95.4%, there is room to have a real conversation about price. The 78 days on market says the seller has been patient, and patient sellers tend to be negotiable.
Four bedrooms, two baths, a porch, a garage, a sauna waiting to be finished, and a furnace that is less than a year old. For $115,000, that is a lot of house on the Iron Range.
