5009 Magoun Avenue East Chicago, IN $ 415,000
5009 Magoun Avenue
$ 415,000
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5009 Magoun Avenue

East Chicago, IN, 46312
$ 415,000
Bedrooms-- Baths-- Sq 5,636

Monthly Estimate*

$ 2,555

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Commercial Property for sale in East Chicago, IN

for $415,000. This 5,636 square foot building was built in 1904 on a lot size of 0.08.

Fantastic opportunity to own a true turnkey investment property from day one! This well-maintained multi-unit building offers (4) spacious 2-bedroom, 1-bath units and (2) comfortable 1-bedroom, 1-bath units, all fully rented with stable tenants--making this an immediate income producer. The property features: Solid exterior with classic brick detail Separate entrances for added privacy Many updates throughout the years. Strong rental history and consistent cash flow Whether you're expanding your portfolio or looking for your first investment, this fully-occupied property delivers reliable returns with minimal turnover. Don't miss this chance to secure a money-maker in a desirable residential area! Schedule your showing today--opportunities like this don't last long!

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Commercial Active

Price

$ 415,000

Property Type

Commercial

Taxes

$ 4,930

Style

Multi Family

Lot Size

0.08

Year Built

1904

Town/City

East Chicago

County/Region

Lake

MLS | Web ID

831537

Features
Interior
Interior Amenities None
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General
Sewer Public Sewer
Heating Forced Air
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Range Refrigerator
Security Features Smoke Detector(s)
Year Built 1904
Electric 100 Amp Service
View Neighborhood
Township North
Property Subtype Multi Family
Tax Year 2024
Gross Income 51774.66
Community Features None
County Lake
Net Operating Income 37044.37
Insurance Expense 2000
Property Type Commercial Sale
MaintenanceExpense 2368.81
Subdivision Name Second Principal Meridian
Building Features Multi Tenant
Status Active
Directions 151st Avenue to Magoun. Property on East side.
City East Chicago
Zoning Description Commercial
Lot Size Square Feet 3485
Listing Terms Cash Conventional
Tax Annual Amount 4930
Electric Expense 682.64
Standard Status Active
Legal Description SUBDIV. N.W. S.32 T.37 R.9 ALL L.41 BL.2
Assoc/CIC None
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Exterior
Exterior Amenities None
Fencing None
Parking Features On Street
Lot Features Back Yard Front Yard
Water Source Public
Total Parking 0
Lot Size Acres 0.08
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Angela Manning

Listing Agent

Integrity Realty Partners

Broker

angela.manningsellshomes@gmail.com

Email

Affordability Calculator

$2,966
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,555
Monthly Property Taxes
$411
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/4/2025$415,000 Listed Price

Map


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5009 Magoun Avenue, East Chicago, IN, 46312 is a Commercial Property for sale at $415,000 with 5,636 sqft and a lot size of 0.08. 5009 Magoun Avenue was built in 1904. The property's zip code is 46312 which is in East Chicago, IN