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4012 S Indiana Ave
Chicago, IL 60653
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Below-Market Rents with a Clear Path to Upside
- Simple Operations, Flexible Deal Structure
- Oversized, Amenity-Rich Units That Are Hard to Replicate
Executive Summary
A Rare Bulk-Sale Opportunity in Bronzeville: 6 of 8 Units at 4012 S Indiana St.
4012 S Indiana Avenue offers investors six of eight units in a well-built 2006 brick building; five spacious 3-bed/2-bath simplexes and one expansive 4-bed/3-bath duplex, each with in-unit laundry, gas-starter fireplaces, and dedicated garage parking. Current rents sit below market across the board, giving a new owner a clear, low-lift path to increased income without speculative renovation.
At $1,450,000, the deal pencils at a 7.04% current cap rate, climbing to 7.90% on a straightforward pro forma. Sales and rent comps within a mile support both the going-in basis and the upside case. HOA-covered water, trash, and gas keep operations simple for a first-time owner, while multiple financing structures, including individual DSCR loans, allow flexibility to hold, sell, or refinance units independently down the road.
A clean, income-producing entry point into a submarket seeing sustained investment.
4012 S Indiana Avenue offers investors six of eight units in a well-built 2006 brick building; five spacious 3-bed/2-bath simplexes and one expansive 4-bed/3-bath duplex, each with in-unit laundry, gas-starter fireplaces, and dedicated garage parking. Current rents sit below market across the board, giving a new owner a clear, low-lift path to increased income without speculative renovation.
At $1,450,000, the deal pencils at a 7.04% current cap rate, climbing to 7.90% on a straightforward pro forma. Sales and rent comps within a mile support both the going-in basis and the upside case. HOA-covered water, trash, and gas keep operations simple for a first-time owner, while multiple financing structures, including individual DSCR loans, allow flexibility to hold, sell, or refinance units independently down the road.
A clean, income-producing entry point into a submarket seeing sustained investment.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 5 | $3,258 CAD | - |
| 4+3 | 1 | $4,204 CAD | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $61,258 CAD | |
| Land Assessment | $10,536 CAD | Total Assessment | $71,794 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$10,536 CAD
Improvements Assessment
$61,258 CAD
Total Assessment
$71,794 CAD
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