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Property profile & analytics
FOR SALE
Residential income homes
5001 Magoun Ave East Chicago, IN 46312
Individually Owned
2-yr Hold
Free & Clear
Property ID
US31-3562862
For Sale
1 / 25
$445,000
5001 Magoun Ave, East Chicago, IN 46312
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Construction
WOOD
Total area
3,344 SF
Lot
0.16 ac (7,000 SF)
APN
45-03-32-133-001.000-024
UPID
US31-3562862
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Salman Vora · 2 yrs held
Salman Vora
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,542
Tax year 2022
Assessed value
$179,300
Assessed 2023
Previous assessed
$179,300
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$10,200
Assessed improvement
$169,100
Land market value
$10,200
Improvement market value
$169,100
Total market value
$179,300
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1900
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
1
Total area
3,344 SF
Lot
0.16 ac (7,000 SF)
APN
45-03-32-133-001.000-024
UPID
US31-3562862
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Salman Vora
Individual
Free & Clear · 2 yrs held
Mailing address
11032 WAKEFIELD ST, WESTCHESTER, IL 60154-4941
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
—
Salman Vora
Duque Associates LLC
Warranty Deed
—
Jul 27, 2021
—
Duque Association LLC IV
Evanheline Duque
Intrafamily Transfer
related
—
Apr 28, 2021
$168,500
Evangeline Duque
Aaron Gamliel Elbert
Warranty Deed
$112,500 · Northpointe Bank
Feb 27, 2019
$125,000
Ace Nwi LLC
Jesus Ornelas
Warranty Deed
—
Feb 27, 2019
—
Aaron Gamllel Elbert
Ace Nwi LLC
Warranty Deed
$124,000 · Us Bank NA
Dec 23, 2004
—
Jesus Ornealas
Paulauski,alvin L & Martha J
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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