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5001 Magoun Avenue
East Chicago IN 46312 US

$460,000

Pending Listing ID 829086
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9 bed
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4.00 Bath (4 Full)
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Lot: 0.16 Acres
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Other

$460,000

Pending Listing ID 829086
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5001 Magoun Avenue 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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Property Features

  • Facts
  • Lot Size: 0.16 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Exterior Finish: Corner Lot
  • Heating Fuels: Baseboard, Natural Gas
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 460000
  • unparsedaddress: 5001 Magoun Avenue
  • postalcity: East Chicago
  • stateorprovince: IN
  • country: US
  • postalcode: 46312
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1607
  • lotsizeunits: Acres
  • lotsizearea: 0.1607
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.622985
  • longitude: -87.481794
  • listagentfullname: Michael Dailey
  • listagentemail: miked@westward360.com
  • listagentkey: 3yd-GNIARIN-17697
  • listagentmlsid: 17697
  • listagentpreferredphone: 3122591126
  • listagentofficephone: 3122591126
  • listofficekey: 3yd-GNIARIN-1690
  • listofficemlsid: 1690
  • disclaimer: 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.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1900
  • listingcontractdate: 2025-10-09
  • countyorparish: Lake
  • parcelnumber: 450332133001000024
  • appliances: Gas Range, Refrigerator
  • heating: Baseboard, Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 4
  • parkingfeatures: Driveway
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • rooms: Bathroom 2, Bedroom 8, Bedroom 3, Bedroom 2, Basement, Bedroom 9, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3, Bathroom 4
  • speciallistingconditions: Standard
  • basement: Unfinished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.4818, 41.622986
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Listing Leaders", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"miked@westward360.com", "ListBrokerageCity":"Valparaiso", "ListBrokerageCountry":"US", "ListBrokerageEmail":"kevinhutnick@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Listing Leaders", "ListBrokeragePhone":"(219) 299-7117", "ListBrokeragePostalCode":"46383", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"408 E Lincolnway", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"410 Lincolnway ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"1690", "ListOfficeCity":"Valparaiso", "ListOfficeCountry":"USA", "ListOfficeEmail":"valdowns.isa@gmail.com", "ListOfficePostalCode":"46385", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - East Chicago, IN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5001-Magoun-Ave_East-Chicago_IN_46312_M37639-39507?f=listhub&s=GNIARIN&m=829086&c=rexren", "MLSModificationTimestamp":"2026-01-29 21:33:14", "Neighborhoods":[{"Description":null, "Name":"Sub"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3586, "TaxDescription":"SUBDIV. NW. S.32 T.37 R.9 ALL L.44 BL.2 AND L.45 BL.2", "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/29/2026 9:37:32 PM GMT
Source Updated Date: 2/6/2026 6:59:19 AM GMT

Courtesy of: Michael Dailey, Listing Leaders, miked@westward360.com

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.