4-Unit Apartment
4012 Deodar St, East Chicago, IN 46312
For Sale
$260,000
The tenant-occupied property combines one- and two-bedroom residences in a varied rental mix.
Property Size2,320 SF
Price / SF$112.07
Days on Market15
Property Features for 4012 Deodar St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
Listing Leaders
(219) 462-5478
Listed By:
Sonia Veschak · License #RB18000494
(219) 306-7036
Source:
Exprealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 5:17PM
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 Listing Leaders
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,320-square-foot apartment property contains four tenant-occupied units: two with two bedrooms and two with one bedroom. The configuration offers a mix of unit sizes within a single building.
The property is in East Chicago, near shopping, dining, major roadways, and local amenities.
The property is in East Chicago, near shopping, dining, major roadways, and local amenities.
Key Highlights
- Four‑unit multifamily property
- 2,320 square feet
- Two 2‑bedroom units and two 1‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,064
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,280
$461.3K
Cap Rate 7%
$329,486
$329.5K
Cap Rate 9%
$256,267
$256.3K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$34.8K $15.00/SF
− Vacancy
−$1.9K −$0.80/SF
EGI
$32.9K $14.20/SF
− OpEx
−$9.9K −$4.26/SF
NOI
$23.1K $9.94/SF
Area
Lake County, IN
Vacancy
5.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,280
Cap Rate 7%
$329,486
Cap Rate 9%
$256,267
Alternative Uses
Best Use
Multifamily LT 5
$329.5K
$288.3K – $384.4K
NOI $23,064 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,525 @ 7.0% cap · market cap 7.89%
Theoretical Best
Specialty Retail
$647.7K
$566.7K – $755.6K
NOI $45,336 @ 7.0% cap · market cap 17.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 46312, IN
26,370
Population
12,429
Households
2.1
Avg Household Size
33
Median Age
10%
College-Educated
74%
High-School Grad
14.0 sq mi
ZIP Area
1,884
Density / Sq Mi
$41,071
Median Household Income
$32,930
Median Earnings
$820
Median Rent
$92,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The tenant-occupied property combines one- and two-bedroom residences in a varied rental mix.
Where is this quadplex located?
The property is located at 4012 Deodar St East Chicago, IN.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 2,320 square feet; Two 2‑bedroom units and two 1‑bedroom units
