Updated Quadplex with
For Sale
$440,000
5001 Magoun Avenue, East Chicago, IN 46312
Residential Income, East Chicago, IN
Property SizeContact for details
Lot Size0.16 Acres
Days on Market353
Property Features for 5001 Magoun Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 7, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 8, Bathroom 2, Bedroom 9, Bedroom 2, Bathroom 4, Basement
Parking
4
Parking features
Driveway
Pets allowed
Dogs OK, Cats OK, Yes
Basement
Unfinished
Appliances
Gas Range, Refrigerator
Subdivision
Sub
Lot features
Back Yard, Front Yard, Corner Lot
Directions
Indianapolis Ave North to 150th, West to property.
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
Legal Description
SUBDIV. NW. S.32 T.37 R.9 ALL L.44 BL.2 AND L.45 BL.2
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Listing Agency:
Listing Leaders
(219) 462-5478
Listed By:
Michael Dailey · License #RB22000487
(312) 259-1126
Added: Oct 9, 2025
Changed: Sep 14
Last Checked: Sep 26 at 1:06PM
MLS# 829086
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property includes three residences with recently updated interiors. The building dates to 1900 and includes basement space, gas ranges, refrigerators, baseboard heating, and natural gas service. On-site driveway parking is provided, and the property is served by public water and public sewer.
Located at 5001 Magoun Avenue in East Chicago, Indiana, the property occupies 0.1607 acres. All tenants were placed within the past 24 months following screening that included criminal background, credit, and employment verification. The asset offers a four-unit configuration with updated components, established tenancy, and practical residential features.
Located at 5001 Magoun Avenue in East Chicago, Indiana, the property occupies 0.1607 acres. All tenants were placed within the past 24 months following screening that included criminal background, credit, and employment verification. The asset offers a four-unit configuration with updated components, established tenancy, and practical residential features.
Key Highlights
- Four‑unit residential income property on 0.1607 acres
- Three of four units have recently updated interiors
- All tenants placed within the past 24 months
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
537
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three residences feature updated interiors, with public water and sewer service supporting the four-unit property.
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 $440,000.
What are key features of this property?
This property features: Four‑unit residential income property on 0.1607 acres; Three of four units have recently updated interiors; All tenants placed within the past 24 months
