$455,000

5001 Magoun Avenue, East Chicago, IN 46312

  • 9 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon7,000sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
May 21, 2026 at 1:19AM
Listing Office:
Listing Leaders : (219) 462-5478
Listing Agent:
Michael Dailey :
MLS ID:
829086
  • General: Other
  • Appliances: Gas RangeRefrigerator
  • Basement: Unfinished
  • Heating: BaseboardIndividual UnitOtherNatural Gas
  • General: Other
  • Parking: DrivewayParking spaces: 4
  • General: Two
  • Originating MLS: nira
  • County: Lake
  • Zoning: SUBDIV. NW. S.32 T.37 R.9 ALL L.44 BL.2 AND L.45 BL.2450332133001000024
  • Water: Public
  • Sewer: Public Sewer
  • Source: nira

This listing courtesy of Michael Dailey , Listing Leaders

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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