$465,000

5001 Magoun Ave East Chicago, IN 46312

Southside Neighborhood

Estimated payment $2,765/month

Total Views 31
9 Beds
4 Baths
1,672 Sq Ft
$278 Price per Sq Ft

Highlights

  • 0.16 Acre Lot
  • No HOA
  • 2-minute walk to Kosciuzko Park
  • Corner Lot
  • 2 Car Garage

About This Home

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 Agent

Michael Dailey

Listing Leaders License #RB22000487 Listed on: 10/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,586

Year Built

  • Built in 1900

Lot Details

  • 7,000 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 1,672 Sq Ft Home
  • 2-Story Property
  • Gas Range
  • Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for sewer, trash collection, taxes
  • Rent includes sewer, water, trash collection
  • Assessor Parcel Number 450332133001000024

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,586

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1900
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Back Yard, Corner Lot, Front Yard
  • Co List Office Mls Id: NRA1690
  • Subdivision Name: Sub
  • Above Grade Finished Sq Ft: 1672
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • AuctionYN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: Other
  • Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 9

Exterior Features

  • Exterior Features: Other
  • Acres: 0.1607
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Baseboard, Individual Unit, Other, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Water, Trash Collection
  • Association: No

Lot Info

  • Lot Size Sq Ft: 7000
  • Parcel #: 450332133001000024

Rental Info

  • Pets Allowed: Cats OK, Yes, Dogs OK
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Trash Collection, Taxes

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3586

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 47520

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $8,557 $152,600 $10,200 $142,400
2023 $3,542 $179,300 $10,200 $169,100
2022 $3,542 $177,100 $10,200 $166,900
2021 $2,438 $121,900 $10,200 $111,700
2020 $3,018 $150,900 $10,200 $140,700
2019 $3,523 $124,900 $10,200 $114,700
2018 $2,404 $81,200 $10,200 $71,000
2017 $2,409 $79,500 $10,200 $69,300
2016 $2,414 $77,000 $10,200 $66,800
2014 $1,845 $72,200 $10,200 $62,000
2013 $1,811 $71,000 $10,200 $60,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2025 10/09/25 For Sale $465,000 +102.2% $278 / Sq Ft
05/08/2024 05/08/24 Sold $230,000 -4.2% $138 / Sq Ft View Prior Sale
04/08/2024 04/08/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $240,000 -- $144 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $230,000 Chicago Title
Interfamily Deed Transfer -- Mtc
Warranty Deed $168,500 Meridian Title
Warranty Deed -- Indiana Title Network Co
Warranty Deed -- Indiana Title Network Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $112,500 New Conventional
Previous Owner $124,000 Commercial
Source: Public Records

Source: Northwest Indiana Association of REALTORS®

MLS Number: 829086

Northwest Indiana Association of REALTORS®

APN: 45-03-32-133-001.000-024

Indiana Lake County East Chicago 46312 Southside

5001 Magoun Ave, East Chicago, IN

This home is located at 5001 Magoun Ave, East Chicago, IN 46312 and is currently priced at $465,000, approximately $278 per square foot. This property was built in 1900. 5001 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.

Nearby Homes
Listing Agent
Michael Dailey
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Listing Leaders
(219) 529-2091