CompCasa valuation analysis

Estimated market value

$305,000

Low $290,000 · Midpoint $305,000 · High $320,000

Confidence82%Sales comparison approach

Last recorded sale$193,000Dec 8, 2017

Assessed value$263,0002025 assessment

CompCasa estimate$305,000Mar 6, 2026

Estimate vs. last recorded sale+$112,000 / +58.0%

$290,000$305,000 midpoint$320,000

Price / sq ft$189

Median sale price$280,000

Avg days on market19 days

Inventory1.5 months

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.

About the property

Updated 1925 Bungalow with Granite Kitchen and Park Access

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$400,000

Property address5200 Morgan Ave N, Minneapolis, MN 55430

5 bed3.5 bath2,949 sq ftBuilt 19560.1 mi7,405 sq ft lot$136/SF

Sold Apr 18, 2025

Subject difference

1,333 SF larger
2 additional bedrooms
0.5 additional bathrooms
Similar lot size
31 years newer

Research comparison noteLarger home with more bedrooms and bathrooms, fully remodeled

02Sold price$313,000

Property address5211 Morgan Ave N, Minneapolis, MN 55430

4 bed2 bath1,900 sq ftBuilt 19500.05 mi8,000 sq ft lot$165/SF

Sold Jun 15, 2025

Subject difference

284 SF larger
1 additional bedroom
1 fewer bathroom
Similar lot size
25 years newer

Research comparison noteSimilar size and condition, slightly larger lot

03Sold price$272,600

Property address5158 Morgan Ave N, Minneapolis, MN 55430

3 bed2 bath1,600 sq ftBuilt 19400.2 mi7,500 sq ft lot$170/SF

Sold May 20, 2025

Subject difference

16 SF smaller
1 fewer bathroom
Similar lot size
15 years newer

Research comparison noteComparable size and condition, slightly smaller lot

Comp methodology: Focused on single-family homes within 0.5 miles in Shingle Creek sold in last 6 months for maximum relevance

Property details

A 1925 bungalow on 0.18 acres.

Building

Year built1925

ConstructionWood Frame

RoofAsphalt Shingle

Heatingforced air gas

Coolingcentral AC

Site & utilities

Lot size0.18 acres

Garage1-car attached

Stories1

ConditionGood

BasementPartially Finished

FireplaceNo

Improvement notes3 bedrooms, 3 bathrooms, updated kitchen with granite countertops, new furnace and central air installed in 2016, partially finished basement

Lot area7,840 sq ft

TopographyLevel

Frontage60 ft frontage on Morgan Avenue North

ParkingAttached Garage

Parking spaces1

Parking notes1-car attached garage with driveway

AccessStandard residential driveway from Morgan Avenue North

WaterMunicipal

SewerMunicipal

ElectricXcel Energy

GasCenterPoint Energy

Location & nearby

Shingle Creek

Researched nearby locations

Shingle Creek Park (0.3 mi)

Humboldt Greenway (0.5 mi)

Webber Park Library (0.7 mi)

Location

5205 Morgan Avenue North, Minneapolis, MN 55430

View map

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Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryJenny Lind Elementary School (2/10)

Middle schoolOlson Middle School (1/10)

High schoolHenry Senior High School (3/10)

School districtMinneapolis Public Schools

Market context

A factual market snapshot around 5205 Morgan Avenue North.

Median sale price$280,000

Avg days on market19 days

Inventory1.5 months

1-year appreciation5.0%

5-year appreciation25.0%

Editorial market perspective

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.

Zoning & land use

Single Family Residential

Zoning

Zoning codeR1

DescriptionSingle Family Residential

JurisdictionCity of Minneapolis

Assessor useSingle Family Residential

Current useResidential

SetbacksFront 25', side 5', rear 20'

Research-indicated uses

Single Family
Accessory Dwelling Unit
Home Occupation

Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.

Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$53,000

Assessed improvements$210,000

Total assessed$263,000

Assessment year2025

Annual property tax$4,040

Tax year2025

Sale history

2017-12-08$193,000 · $119/SF

1995-02-10$60,000 · $37/SF

Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,200/mo

Property address5211 Morgan Ave N, Minneapolis, MN 55430

4 bed2 bath1,900 sq ft$1.16/SF

Leased Aug 1, 2025

Subject difference

284 SF larger
1 additional bedroom
1 fewer bathroom

Research comparison noteSimilar size and condition, slightly larger

02Monthly rent$2,100/mo

Property address5158 Morgan Ave N, Minneapolis, MN 55430

3 bed2 bath1,600 sq ft$1.31/SF

Leased Jul 15, 2025

Subject difference

16 SF smaller
1 fewer bathroom

Research comparison noteComparable size and condition

Research findings & due diligence

What the research supports — and what is still worth verifying.

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)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

Confirm lot dimensions and boundaries
Verify renovation permits were properly pulled
Confirm zoning restrictions and allowances
Professional home inspection
Roof condition assessment

Highlights & features

What stands out about this property.

01Updated kitchen with granite countertops

02New furnace and central air installed in 2016

03Partially finished basement for extra living space

041-car attached garage and level 0.18-acre lot

05Estimated market value midpoint $305,000

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

Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence

Redfin listing for 5205 Morgan Ave NView source

Zillow listing for 5205 Morgan Ave NView source

City of Minneapolis property information searchView source

Hennepin County 2023 Assessment ReportView source

Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.