$465,000

5001 Magoun Ave East Chicago, IN 46312

Southside Neighborhood

Estimated payment $2,738/month

Total Views 9,050
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
  • 4 Full Bathrooms

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

Building Details

  • Gross Income $47,520

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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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

For Sale

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