East Chicago Four-Unit Multifamily
5001 Magoun Avenue, East Chicago, IN 46312
- Added:
- Oct 9, 2025
- Days on Market:
- 213
- Last Refresh:
- May 9 at 7:06 am
Property Features for 5001 Magoun Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 8, Bathroom 4, Basement, Bedroom 6, Bedroom 9, Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 1
- Parking
- 4
- Parking features
- Driveway
- Pets allowed
- Cats OK, Yes, Dogs OK
- Basement
- Unfinished
- Appliances
- Gas Range, Refrigerator
- Standard status
- Active
- APN
- 450332133001000024
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- SUBDIV. NW. S.32 T.37 R.9 ALL L.44 BL.2 AND L.45 BL.2
- Tax Annual Amount
- 3586
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
Listing agent Michael Dailey License #RB22000487 (312) 259-1126
Listing office Listing Leaders 410 Lincolnway, Valparaiso, IN (219) 462-5478
Listing date Oct 9, 2025
MLS# 829086
Listing URL
Copyright © 2026 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.
HighLights
- Stabilized, income‑producing 4‑unit property offering steady cash flow.
- Three of four units recently updated, reducing near‑term capital expenditure.
- Reliable tenant base due to thorough screening process (criminal background, credit, employment verification).
- Recent tenant placement (within the past 24 months) minimizes turnover risk.
- Turnkey asset with professional management practices in place.
- Includes essential appliances: Gas Range and Refrigerator.
Overview
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 were placed within the past 24 months following a screening process that included criminal background, credit, and employment verification. The property, located at 5001 Magoun Avenue, East Chicago, IN 46312, sits on a lot of 0.1607 acres. The property features updated interiors, recent tenant placement, and professional management practices, presenting 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
Location Insight
- Map
- Local Demand
- City
- East Chicago
- County
- Lake
- State
- Indiana
- Longitude
- -87.481794
- Latitude
- 41.622985
Nearby Similar for Sale
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 Avenue East Chicago, IN.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Stabilized, income‑producing 4‑unit property offering steady cash flow.; Three of four units recently updated, reducing near‑term capital expenditure.; Reliable tenant base due to thorough screening process (criminal background, credit, employment verification).
