For SaleSingle Family Home

$305,000

Updated 1925 Bungalow with Granite Kitchen and Park Access

5205 Morgan Avenue North, Minneapolis, Minnesota 55430, United States

Spacious 3BR/3BA bungalow on a 0.18-acre lot near Shingle Creek Park

3

Beds

3

Baths

1,616

Sq Ft

1925

Built

0.18 acres

Lot

1-car attached

Garage

Updated kitchen with granite countertopsNew furnace and central air installed in 2016Partially finished basement for extra living space1-car attached garage and level 0.18-acre lotEstimated market value midpoint $305,000

About This Home

This 1925 bungalow announces itself with classic proportions and unexpected modern comforts: an updated kitchen with granite counters, a reliable furnace and central air added in 2016, and 1,616 square feet thoughtfully arranged on a single level. The home sits on a level 0.18-acre lot with 60 feet of frontage on Morgan Avenue North—room for gardening, play, and quiet outdoor evenings. Inside, the layout emphasizes comfortable daily living: three bedrooms and three bathrooms offer flexible sleeping and workspace arrangements, while a partially finished basement expands usable square footage for a media room, hobby area, or home office.

The kitchen is a practical centerpiece—granite surfaces, functional work zones, and connections to dining and living areas that make weekday routines easy and entertaining straightforward. Mechanical updates completed in 2016 (furnace and central air) reduce near-term maintenance concerns and keep the house comfortable year-round. Original bungalow details—proportioned rooms and a welcoming one-story plan—blend with these updates to preserve character while providing contemporary convenience.

Outdoor life here benefits from proximity to Shingle Creek Park (about 0.3 miles) and the Humboldt Greenway (0.5 miles). The lot’s level topography and residential driveway lead to an attached one-car garage and a tidy yard that’s ready for landscaping projects or a weekend deck. The partially finished lower level offers a canvas for expansion without major construction, and the home’s solid footprint makes it a practical choice for buyers seeking move-in-ready condition with upside.

Shingle Creek’s quiet streets, park access, and short drives into nearby commercial corridors make this property attractive to buyers seeking a balance of neighborhood calm and city convenience. With a 2017 purchase price of $193,000 and a thorough update package, this property represents a value play in a market where similar single-family homes are selling quickly. Interested buyers should verify foundations, roofing condition, and permits as part of due diligence, but will find a tidy, well-updated bungalow with immediate usability and long-term potential.

Property Features

Interior Features

  • 3 bedrooms, 3 bathrooms
  • Updated kitchen with granite countertops
  • Partially finished basement
  • Forced-air gas heating
  • Central air (installed 2016)
  • 1,616 square feet of living space
  • One-story bungalow layout

Exterior & Lot

  • 0.18-acre lot (approximately 7,840 sq ft)
  • 60 ft frontage on Morgan Avenue North
  • Level topography
  • 1-car attached garage with driveway
  • Asphalt shingle roof (age to be verified)

Location & Neighborhood

  • Shingle Creek neighborhood — quiet residential streets
  • Shingle Creek Park (≈0.3 mi)
  • Humboldt Greenway (≈0.5 mi)
  • Webber Park Library nearby (≈0.7 mi)
  • Short drive to North Minneapolis amenities and transit corridors

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent
  • Nearby parks and greenways: Shingle Creek Park, Humboldt Greenway
  • Walking distance to Webber Park Library
  • Hiking and biking trails within 1 mile
  • Community recreation facilities at Webber Park

Neighborhood

Shingle Creek is a quietly residential pocket in north Minneapolis where tree-lined streets meet neighborhood parks and greenways. Residents value access to Shingle Creek Park and the Humboldt Greenway for weekend walks and kid-friendly play areas, while Webber Park and its library anchor local programming and community events. The area has seen steady property appreciation and attracts buyers seeking green space without sacrificing city access. Local public schools receive modest ratings, so families often evaluate alternative schooling options or nearby programs, but community ties and outdoor amenities remain primary draws.

Market Insights

Shingle Creek is operating as a seller’s market with limited inventory and quick turnarounds. Current market metrics show roughly 1.5 months of inventory and an average days-on-market near 19 days—conditions that routinely generate multiple-offer scenarios for well-priced single-family homes. Median sale prices in the area sit around $280,000, while recent comparable sales within half a mile have ranged roughly $272,600 to $400,000 depending on size and level of remodel. Our valuation model places this property’s midpoint estimate at $305,000 ($189/SF), supported by three nearby closings in the past six months.

Single-family bungalows in Shingle Creek perform strongly because of limited supply and proximity to parks and local amenities; investor interest is also evident—rental comps and a rental estimate of about $2,200/month translate to a gross rental yield near 8.6%. For buyers, the present low-inventory environment favors decisive offers; for sellers, it suggests listing now could capture demand and competitive pricing. Due diligence should still prioritize a roof assessment and verification of any renovation permits, especially given the home’s 1925 construction date.

Nearby Schools

Jenny Lind Elementary School

Elementary

2/10

Olson Middle School

Middle

1/10

Henry Senior High School

High

3/10

Walkability & Recreation

35
Walkability
75
Recreation

Very good local recreation with Shingle Creek Park ~0.3 miles away, Humboldt Greenway ~0.5 miles, and Webber Park facilities within walking distance, offering trails, green space, and weekly community activities.

Property Overview

5205 Morgan Avenue North is a 3-bedroom, 3-bathroom bungalow-style home built in 1925 with 1,616 SF of living space on a 0.18-acre lot in Minneapolis's Shingle Creek neighborhood. The property features an updated kitchen with granite countertops, a new furnace and central air installed in 2016, and a partially finished basement.

From a valuation perspective, comparable sales in Shingle Creek suggest a current fair market value of $290,000–$320,000, with a midpoint estimate of $305,000 ($189/SF). The owner purchased in 2017 for $193,000, representing approximately 58% appreciation over 9 years. The current assessed value of $263,000 appears below market, which is common in rapidly appreciating neighborhoods.

Shingle Creek is a quiet neighborhood with proximity to parks and trails, including Shingle Creek Park and Humboldt Greenway. The area has seen steady growth with increasing property values. Local schools have lower ratings; families may consider alternative education options.

Overall, this property represents a solid value in a growing neighborhood with recent updates that reduce near-term maintenance risk. Key due diligence items include verifying the roof age and condition, confirming any zoning restrictions, and reviewing school zone assignments.

Investment Highlights

  • Updated kitchen with granite countertops
  • New furnace and central air installed in 2016
  • Proximity to Shingle Creek Park and Humboldt Greenway
  • Steady neighborhood growth with increasing property values
  • Partially finished basement offering additional living space

Key Findings

  • County assessor shows 2017 purchase at $193,000 ($119/SF) — current estimate $305,000 ($189/SF)
  • Assessed value $263,000 (land $53K, improvements $210K) — annual taxes $4,040
  • Zoned R1 — single-family residential
  • 3 comparable sales within 0.5 miles in last 6 months range $290K–$320K
  • Average days on market in Shingle Creek: 19 days (seller's market)

Things to Consider

  • Built in 1925 — foundation, plumbing, and electrical systems should be inspected
  • Local schools have lower ratings; families may consider alternative education options
  • Roof age unknown — asphalt shingle roofs typically last 20-25 years

Opportunity Analysis

Well-maintained bungalow in a growing Minneapolis neighborhood with recent updates and below-assessed-value pricing. Proximity to parks and trails enhances lifestyle appeal. Limited inventory and high demand suggest strong resale trajectory.

Potential Use Scenarios

  • Potential primary residence in a quiet neighborhood
  • Partially finished basement offers potential for additional living space
  • Comparable rentals suggest estimated rent of $2,200/mo if used as investment property

Risk Factors

  • 1925 construction — hidden maintenance costs possible
  • Local schools have lower ratings; may impact family buyer interest
  • Roof age unknown — potential near-term replacement needed

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$290K

Midpoint

$305K

High

$320K

$189/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for updates, lot size, and bedroom count. Assessed value of $263K appears below market.

As of 2026-03-06

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$280,000
Avg Days on Market19 days
Inventory1.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$55,000

Shingle Creek neighborhood has seen steady growth with increasing property values. Walkability Rating estimate: 35/100.

Nearby Points of Interest

  • Shingle Creek Park (0.3 mi)
  • Humboldt Greenway (0.5 mi)
  • Webber Park Library (0.7 mi)

Proximity to parks and trails, including Shingle Creek Park and Humboldt Greenway. Close to Webber Park Library and local amenities.

School District

DistrictMinneapolis Public Schools
ElementaryJenny Lind Elementary School (2/10)
MiddleOlson Middle School (1/10)
HighHenry Senior High School (3/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1925
Constructionwood frame
Stories1
Roofasphalt shingle
Heatingforced air gas
Coolingcentral AC
Basementpartially finished
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.18 acres (7,840 SF)
Topographylevel
Parkingattached_garage
Parking Spaces1
Frontage60 ft frontage on Morgan Avenue North

Utilities

Watermunicipal
Sewermunicipal
ElectricXcel Energy
GasCenterPoint Energy

Zoning & Land Use

Zoning CodeR1
DescriptionSingle Family Residential
JurisdictionCity of Minneapolis

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$263,000
Land$53,000
Improvements$210,000
Annual Tax (2025)$4,040

Sale History

2017-12-08$193,000

$119/SF

Arm's length transaction

1995-02-10$60,000

$37/SF

Arm's length transaction

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