NOT LISTED FOR SALE

4912 Magoun Ave East Chicago, IN 46312

Southside Neighborhood

Estimated Value: $129,000 - $163,693

5 Beds
2 Baths
3,500 Sq Ft
$40/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $119,000 $34 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $911/month

16 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • 3-minute walk to Kosciuzko Park

About This Home

As of November 2022

Check out this great rental opportunity in East Chicago. This 2 unit building has a 2 bed 1 bath unit on main floor with possible 2 extra bedrooms located in basement. On the upper floor is a 1 bed 1 bath unit. Rents are 850 for main unit and 600 a month for upper unit. Current tenants are on month to month leases.

Last Agent to Sell the Property

Jeffrey Dettlo

Springer Real Estate Company License #RB14046176 Listed on: 09/24/2022

Co-Listed By

Bobby Zemaitis

Springer Real Estate Company License #RB21000966

Last Buyer's Agent

Ed Del Real

McColly Real Estate License #RB14036438

McColly Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,510

Year Built

  • Built in 1898

Lot Details

  • 3,500 Sq Ft Lot
  • Lot Dimensions are 25x140

Interior Spaces

  • 3,500 Sq Ft Home
  • Elevator
  • Basement

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony

Listing and Financial Details

  • Total Actual Rent $17,400
  • The owner pays for electricity, gas, sewer, water
  • Assessor Parcel Number 450332128027000024

Community Details

Overview

  • 2 Units
  • Northwest Quarter Subdivision

Building Details

  • Insurance Expense $1,200
  • Water Sewer Expense $240
  • New Taxes Expense $916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,510

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1898
  • Reso Property Sub Type: Duplex
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA43
  • Co List Office Mls Id: NRA43
  • Subdivision Name: Northwest Quarter
  • WaterExpense: 240.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Partial
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Balcony
  • Acres: 0.0803
  • Construction Type: Asphalt, Shake Siding

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 25X140
  • Lot Size Sq Ft: 3500
  • Parcel #: 450332128027000024

Rental Info

  • Lease Term: Month To Month
  • Owner Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Total Actual Rent: 17400

Tax Info

  • New Taxes Expense: 916

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Gallardo Jorge R
Bought by
Gallardo Living Trust and Lagunas
Current Estimated Value
$141,423

Purchase Details

Listed on
Sep 24, 2022
Closed on
Nov 28, 2022
Sold by
R & J Ace Llc
Bought by
Gallardo Jorge and Gallardo Amada
Seller's Agent
Jeffrey Dettlo
Springer Real Estate Company
Buyer's Agent
Ed Del Real
McColly Real Estate
List Price
$119,000
Sold Price
$119,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%
Original Mortgage
$89,250
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2022
Sold by
Lesniak John B
Bought by
R & J Ace Llc

Purchase Details

Closed on
Feb 11, 2022
Sold by
Lesniak John B
Bought by
R & J Ace Llc

Purchase Details

Closed on
Jan 10, 2020
Sold by
Lesniak John B
Bought by
R & J Ace Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gallardo Living Trust -- None Listed On Document
Gallardo Jorge -- Greater Indiana Title Company
R & J Ace Llc -- Lesniak Richard J
R & J Ace Llc -- Lesniak Richard J
R & J Ace Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallardo Jorge $89,250
Closed R & J Ace Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $119,000 0.0% $34 / Sq Ft
10/16/2022 10/16/22 Pending -- -- --
09/24/2022 09/24/22 For Sale $119,000 -- $34 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,510 $104,100 $11,800 $92,300
2023 $1,176 $94,500 $11,800 $82,700
2022 $1,176 $58,800 $10,900 $47,900
2021 $724 $36,200 $5,400 $30,800
2020 $682 $34,100 $5,400 $28,700
2019 $816 $31,200 $5,400 $25,800
2018 $830 $29,900 $5,400 $24,500
2017 $854 $30,300 $5,400 $24,900
2016 $650 $29,700 $5,400 $24,300
2014 $661 $37,800 $5,400 $32,400
2013 $746 $42,500 $5,400 $37,100
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Dettlo

    Seller's Agent in 2022

    Jeffrey Dettlo

    Springer Real Estate Company

    (219) 670-9902

    1 in this area

    137 Total Sales

    Jeffrey Dettlo
    Section Image

  • B

    Seller Co-Listing Agent in 2022

    Bobby Zemaitis

    Springer Real Estate Company

    (219) 689-7291

    1 in this area

    18 Total Sales

    Bobby Zemaitis
    Section Image
  • Ed Del Real

    Buyer's Agent in 2022

    Ed Del Real

    McColly Real Estate

    (708) 214-4744

    1 in this area

    126 Total Sales

    Ed Del Real
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 520132

Northwest Indiana Association of REALTORS®

APN: 45-03-32-128-027.000-024

Indiana Lake County East Chicago 46312 Southside

4912 Magoun Ave, East Chicago, IN

This home is located at 4912 Magoun Ave, East Chicago, IN 46312 since 24 September 2022 and is currently estimated at $141,423, approximately $40 per square foot. This property was built in 1898. 4912 Magoun Ave is a home located in Lake County with nearby schools including East Chicago Central High School, East Chicago Urban Enterprise Academy, and St Stanislaus School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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