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    5001 Magoun Ave East Chicago, IN 46312

    For Sale
    $465,000

    MULTI_FAMILY - East Chicago, IN

    Lot size:
    0.16 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 5001 Magoun Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 7, Bathroom 4, Bedroom 8, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 9, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Basement
    Bedrooms
    9
    Bathrooms
    4
    APN
    450332133001000024
    Parking
    4
    Parking features
    Driveway
    Pets allowed
    Yes, Dogs OK, Cats OK
    Basement
    Unfinished
    Appliances
    Gas Range, Refrigerator
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2

    Listing Leaders (219) 299-7117 [email protected]

    Listing agent Michael Dailey (312) 259-1126

    Listing date Oct 10, 2025

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Chicago Four-Unit Multifamily Property

    This four-unit multifamily property in East Chicago, Indiana, offers a stabilized investment opportunity. Three of the four units have been recently updated. All tenants have been placed within the past 24 months through a screening process that included criminal background, credit, and employment verification. The property, located at 5001 Magoun Avenue, sits on a lot of 0.1607 acres. The property offers a turnkey, income-producing asset with steady cash flow and reduced operational risk.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Chicago
    County
    Lake
    State
    Indiana
    Longitude
    -87.481794
    Latitude
    41.622985

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    FAQs

    What type of property is this?
    Quadplex - Stabilized investment opportunity with updated units and reliable tenants.
    Where is this quadplex located?
    The property is located at 5001 Magoun Ave East Chicago, IN.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Strong, stabilized investment opportunity with steady cash flow.; - Three of four units recently updated, reducing capital expenditure needs.; - Reliable tenant base due to thorough screening process.
    (312) 259-1126
    Request Owner's contact information
    5001 Magoun Ave East Chicago, IN 46312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5001 Magoun Ave East Chicago, IN 46312
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