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Remodeled Multifamily Apartment Building
For Sale
Contact for pricing
Pending

1230 Cheri Lane, Fridley, MN 55421

Apartment building with 72 units, completely remodeled and meticulously cared for.

Property SizeContact for details
Days on Market144

Property Features for 1230 Cheri Lane

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 72
Listing Agency: Minnesota Brokerage Group
Listed By: Tom Cooper, CCIM · License #MN
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Aug 29 at 5:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Minnesota Brokerage Group

Investment Insights

Based on property information with market context.

This property is The Lux, a 72-unit apartment building. The asset has been completely remodeled and has been meticulously cared for.

The property is located at 1230 Cheri Lane in Fridley, Minnesota.

For buyers seeking a larger residential income asset, this building offers a fully updated unit count of 72.

Key Highlights

  • 72‑unit apartment building in Fridley
  • Property is completely remodeled
  • Remodeled property reported as meticulously cared for

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Law Firm HVAC Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

72
Residential units

Location Intelligence

Trade Area within ½ mile

307
Businesses Nearby

Demographics for 55421, MN

30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building with 72 units, completely remodeled and meticulously cared for.
Where is this apartment building located?
The property is located at 1230 Cheri Lane Fridley, MN.
What are key features of this property?
This property features: 72‑unit apartment building in Fridley; Property is completely remodeled; Remodeled property reported as meticulously cared for
More about this property
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