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.