121 59TH ST W MINNEAPOLIS MN 55419

PID: 2202824310094

Property Overview

Parcel ID2202824310094

Lot Size5,544 sq ft (0.127 ac)

Lot Dimensions (est.)44 ft wide × 126 ft deep

Year Built1949

Property ClassRESIDENTIAL

OwnerTODD J BILLINGS

Assessed Value$263,600

Land Value$139,000

Building Value$124,600

Annual Tax$3,746

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2018 · $5K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Closed

$5K

BLACKBEARD CONSTRUCTION CORPORATION

ResMar 2018Closed

TJK PLUMBING INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Windom · Minneapolis

Median reported rent1,284/mo

Renter-occupied43.4%

Median home value$373K

Vacancy rate7.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 120.03

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth86 ft

Area~2,925 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,925 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
117 59TH ST W MINNEAPOLIS MN 55419	SANDRA SCHMIDT/DAVID THAMES	RESIDENTIAL	$261,400	43 ft
125 59TH ST W MINNEAPOLIS MN 55419	DEAN T MOEN	RESIDENTIAL	$315,200	44 ft
113 59TH ST W MINNEAPOLIS MN 55419	CITY OF LAKES COMM LAND TRST	—	$315,800	87 ft
129 59TH ST W MINNEAPOLIS MN 55419	KHAM THAMMAVONGSA	RESIDENTIAL	$287,900	87 ft
109 59TH ST W MINNEAPOLIS MN 55419	RAMNAUTH KHUBLALL/R KHUBLALL	RESIDENTIAL	$290,400	131 ft
133 59TH ST W MINNEAPOLIS MN 55419	H M NOVAK/C S RANDALL	RESIDENTIAL	$269,800	131 ft
105 59TH ST W MINNEAPOLIS MN 55419	BRADY NIEMAN	RESIDENTIAL	$294,000	174 ft
137 59TH ST W MINNEAPOLIS MN 55419	TYLER J DIEDRICH	RESIDENTIAL	$305,400	174 ft
116 59TH ST W MINNEAPOLIS MN 55419	BRYAN LEON SHEPHARD	RESIDENTIAL	$406,500	176 ft
120 59TH ST W MINNEAPOLIS MN 55419	DEMBO DARBOE & TONI W DARBOE	RESIDENTIAL	$270,100	177 ft

Property History

Most Recent Sale

Date199907

Price$114,850

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,746