4-Unit
For Sale
$440,000
5001 Magoun Avenue, East Chicago, IN 46312
MULTI_FAMILY - East Chicago, IN
Property SizeContact for details
Lot Size0.16 Acres
Days on Market308
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 9, Bedroom 7, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 3, Basement, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 8
Parking
4
Parking features
Driveway
Pets allowed
Yes, Dogs OK, Cats OK
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
Natural Gas, Baseboard
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: Aug 3
Last Checked: Aug 12 at 9:06AM
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.
5001 Magoun Avenue is a 4-unit quadplex built in 1900, sitting on a 0.1607-acre lot. The property includes in-unit essentials such as a gas range and refrigerator, with heating provided by natural gas and baseboard systems. Parking is available via driveway.
Tenanting is described as stabilized, with all tenants placed within the past 24 months. The screening process included criminal background, credit, and employment verification, and the information provided indicates that three of the four units have been recently updated.
Serviced by public water and public sewer, the property is positioned for an investor seeking an income-producing multifamily asset with reduced near-term interior capital needs based on the recent updates and the recently placed tenant base.
Tenanting is described as stabilized, with all tenants placed within the past 24 months. The screening process included criminal background, credit, and employment verification, and the information provided indicates that three of the four units have been recently updated.
Serviced by public water and public sewer, the property is positioned for an investor seeking an income-producing multifamily asset with reduced near-term interior capital needs based on the recent updates and the recently placed tenant base.
Key Highlights
- 4‑unit quadplex on a 0.1607‑acre lot
- Three of four units have been recently updated
- All tenants placed within the past 24 months with background, credit, and employment screening
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
542
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - 4-unit quadplex with recent interior updates, driveway parking, and public water and sewer service.
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: 4‑unit quadplex on a 0.1607‑acre lot; Three of four units have been recently updated; All tenants placed within the past 24 months with background, credit, and employment screening
