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Listing provided courtesy of Listing LeadersNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 829086MLS Provider

5001 Magoun AvenueEast Chicago, IN 46312

Multi-Family · 9 Beds · 4 Full Baths · 0.16 Acres
$445,000 Active

5001 Magoun Avenue Overview

Time on Site:
263 days
Visits:
5

This 4-unit property presents a strong, stabilized investment opportunity. Three of the four units have been recently updated, reducing near-term capital expenditure needs. All tenants were placed within the past 24 months through a thorough screening process, including criminal background, credit, and employment verification, resulting in a reliable tenant base and minimized turnover risk. With updated interiors, recent tenant placement, and professional management practices, 5001 Magoun Avenue offers investors a turnkey, income-producing asset with steady cash flow and reduced operational risk.

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5001 Magoun Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.16 Acres

Details

General

Association/HOA

  • Association: false

Income/Expenses

  • Gross Income: 47520

Building Information

  • New Construction: false
  • Year Built: 1900

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Sub
  • Township: North

Rent/Lease Information

  • Rent Includes: Sewer,Water,Trash Collection

Tax Information

  • Tax Annual Amount: 3586
  • Tax Year: 2023

General Information

  • Listing Terms: Cash,VA Loan,Conventional
  • Parcel Number: 450332133001000024
  • Pets Allowed: Cats OK,Yes,Dogs OK
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 2
  • Garage: true

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Total: 4
  • Bedrooms Total: 9

Building Interior

  • Above Grade Finished Area: 1672

General Information

  • Appliances: Gas Range,Refrigerator
  • Fireplace: false
  • Heating: Baseboard,Individual Unit,Other,Natural Gas
  • Interior Features: Other
  • Levels: Two
  • Living Area Source: Assessor

Exterior

Parking Information

  • Parking Features: Driveway
  • Parking Total: 4

Lot Information

  • Lot Features: Back Yard,Front Yard,Corner Lot
  • Lot Size Acres: 0.1607
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7000
  • Water Source: Public

Waterfront/View

  • Waterfront: false

General Information

  • Exterior Features: Other
  • Sewer: Public Sewer

5001 Magoun Avenue Neighborhood

Community

46312 (East Chicago) Demographics

35
Median Age
1,966
Population Density (per sq. mile)
18%
College Educated
$35,396
Estimated Median Income
4,665
Estimated Total Home Owners
5,980
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5001 Magoun Avenue Monthly Cost

$
$ %
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$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5001 Magoun Avenue Market Data

Based on the last 30 days in this zip code

$176,748
Average List Price
$93
Average Price per Square Foot
6
Properties Sold
86
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

5001 Magoun Avenue History

Date Event Value Agent
6/16/2026Source: Northwest Indiana MLS Price Reduction
$445,000 -1.1%
5/21/2026Source: Northwest Indiana MLS Price Reduction
$450,000 -1.1%
5/11/2026Source: Northwest Indiana MLS Price Reduction
$455,000 -1.1%
2/19/2026Source: Northwest Indiana MLS Status Change
Active
1/29/2026Source: Northwest Indiana MLS Status Change
Pending
1/18/2026Source: Northwest Indiana MLS Price Reduction
$460,000 -1.1%
10/9/2025Source: Northwest Indiana MLS Added to Database
October 09, 2025