Listing provided courtesy of Listing LeadersNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 829086
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Request Info5001 Magoun AvenueEast Chicago, IN 46312
Multi-Family · 9 Beds · 4 Full Baths · 0.16 Acres$445,000
Active
5001 Magoun Avenue Overview
- Time on Site:
- 264 days
- Visits:
- 5
This 4-unit property presents a strong, stabilized investment opportunity. Three of the four units have been recently updated, reducing near-term capital expenditure needs. All tenants were placed within the past 24 months through a thorough screening process, including criminal background, credit, and employment verification, resulting in a reliable tenant base and minimized turnover risk. With updated interiors, recent tenant placement, and professional management practices, 5001 Magoun Avenue offers investors a turnkey, income-producing asset with steady cash flow and reduced operational risk.
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5001 Magoun Avenue Facts & Features
- Type Multi-Family
- Lot 0.16 Acres
Details
General
Association/HOA
- Association: false
Income/Expenses
- Gross Income: 47520
Building Information
- New Construction: false
- Year Built: 1900
Location/Region
- County Or Parish: Lake
- Subdivision Name: Sub
- Township: North
Rent/Lease Information
- Rent Includes: Sewer,Water,Trash Collection
Tax Information
- Tax Annual Amount: 3586
- Tax Year: 2023
General Information
- Listing Terms: Cash,VA Loan,Conventional
- Parcel Number: 450332133001000024
- Pets Allowed: Cats OK,Yes,Dogs OK
- Property Sub Type: Quadruplex
- Property Type: Residential Income
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage Spaces: 2
- Garage: true
Beds/Baths
- Bathrooms Full: 4
- Bathrooms Total: 4
- Bedrooms Total: 9
Building Interior
- Above Grade Finished Area: 1672
General Information
- Appliances: Gas Range,Refrigerator
- Fireplace: false
- Heating: Baseboard,Individual Unit,Other,Natural Gas
- Interior Features: Other
- Levels: Two
- Living Area Source: Assessor
Exterior
Parking Information
- Parking Features: Driveway
- Parking Total: 4
Lot Information
- Lot Features: Back Yard,Front Yard,Corner Lot
- Lot Size Acres: 0.1607
- Lot Size Source: Assessor
- Lot Size Square Feet: 7000
- Water Source: Public
Waterfront/View
- Waterfront: false
General Information
- Exterior Features: Other
- Sewer: Public Sewer
5001 Magoun Avenue Neighborhood
Community
46312 (East Chicago) Demographics
35
Median Age
1,966
Population Density (per sq. mile)
18%
College Educated
$35,396
Estimated Median Income
4,665
Estimated Total Home Owners
5,980
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5001 Magoun Avenue Monthly Cost
5001 Magoun Avenue Market Data
Based on the last 30 days in this zip code
$176,748
Average List Price
$93
Average Price per Square Foot
6
Properties Sold
86
Average Days on Market
26
Properties for Sale
5001 Magoun Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: Northwest Indiana MLS | $445,000 -1.1% |
|
| 5/21/2026Source: Northwest Indiana MLS | $450,000 -1.1% |
|
| 5/11/2026Source: Northwest Indiana MLS | $455,000 -1.1% |
|
| 2/19/2026Source: Northwest Indiana MLS | Active |
|
| 1/29/2026Source: Northwest Indiana MLS | Pending |
|
| 1/18/2026Source: Northwest Indiana MLS | $460,000 -1.1% |
|
| 10/9/2025Source: Northwest Indiana MLS | October 09, 2025 |