4012 S Indiana Ave - Apartments FOR SALE


Chicago, IL 60653- Bronzeville
$1,450,000 USD
312-972-4381
4012 S Indiana Ave, Chicago, IL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/25
null | 7.04% Cap Rate

4012 S Indiana Ave
Chicago, IL 60653
Bronzeville


HIGHLIGHTS

  • Below-Market Rents with a Clear Path to Upside
  • Oversized, Amenity-Rich Units That Are Hard to Replicate
  • Simple Operations, Flexible Deal Structure

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

6

PRICE/UNIT

$241,667

CAP RATE

7.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2006

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,971 SF

ZONING

RM-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-972-4381

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Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-972-4381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.