Lake County, East Chicago, IN 46312

All-brick 2-unit. 100% occupied. Day-one cash flow with real rent upside. Market Value: $182,000 Actual Cap Rate: 10.42% Pro Forma Cap Rate: 18.36% Price Per Unit: $79,950 Price Per SqFt: $59 PROPERTY - 2 units, 2,706 SqFt, built 1925 - All-brick construction, pitched asphalt shingle roof - Class C building, Class C location - Occupied 100%, no lease-up risk - Detached 2-car garage rented separately - Tenants pay all utilities except water and sewer UNIT MIX - Unit 1: 4 bed / 1 bath at $1,000/mo. Market rent $1,978/mo - Unit 2: 1 bed / 1 bath at $750/mo. Market rent $1,005/mo - Basement 1BR recently remodeled with new kitchen, bath, and living space THE NUMBERS Actuals - Gross rental income: $21,000/yr - Garage income: $2,400/yr - Operating expenses: $5,572/yr - NOI: $16,658 - Cap rate on price: 10.42% Pro Forma at market rents - Gross rental income: $35,796/yr - Garage income: $2,400/yr - Operating expenses: $7,051/yr - NOI: $29,355 - Cap rate on price: 18.36% WHY THIS ONE The 4-bedroom unit is renting nearly $1,000 under area market. That single spread is the whole play. Rentometer shows 4 bed average rent at $1,978 within a 5-mile radius. Roll that unit to market at turnover and NOI nearly doubles without touching the structure. Brick building, low-maintenance shell, expenses already tight at $5,572 a year. East Chicago sits about 20 minutes from downtown Chicago in Lake County, IN, with its own South Shore Line station. Rental vacancy runs near 5%, under the national rate. Steel, logistics, and refining anchor the local job base. TERMS - Cash or hard money - Proof of funds required with all offers - $5,000 EMD applied to purchase price at closing - No seller financing Call/Text: [contact details hidden] Email: [contact details hidden]