5001 Magoun Avenue East Chicago, IN ^$ 465,000

5001 Magoun Avenue

^$ 465,000

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5001 Magoun Avenue

East Chicago, IN, 46312

^$ 465,000

Bedrooms9 Baths4.0

Monthly Estimate*

^$ 2,901

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Multi-Family Home for sale in East Chicago, IN

for $465,000 with 9 bedrooms and 4 full baths. This home was built in 1900 on a lot size of 0.1607.

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.

Multi-Family Active

Price

^$ 465,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,586

Style

Quadruplex

Lot Size

0.1607

Year Built

1900

Town/City

East Chicago

County/Region

Lake

MLS | Web ID

829086

Features

Interior

Interior Amenities Other

Fireplace Y/N N

Above Grade Finished Area 1672

Total Bedrooms 9

Total Baths 4

General

Sewer Public Sewer

Heating Baseboard Individual Unit Other Natural Gas

Appliances Gas Range Refrigerator

Garage Spaces 2

Pets Allowed Cats OK Yes Dogs OK

Year Built 1900

Township North

Levels Two

Property Subtype Quadruplex

Tax Year 2023

Gross Income 47520

County Lake

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Sub

Garage Y/N Y

Rent Includes Sewer Water Trash Collection

Full Baths 4

Status Active

Directions Indianapolis Ave North to 150th West to property.

City East Chicago

Lot Size Square Feet 7000

Listing Terms Cash VA Loan Conventional

Tax Annual Amount 3586

Virtual Tour https://my.matterport.com/show/?m=9PEKWNKLcQU&mls=1

Standard Status Active

Legal Description SUBDIV. NW. S.32 T.37 R.9 ALL L.44 BL.2 AND L.45 BL.2

Exterior

Exterior Amenities Other

Parking Features Driveway

Lot Features Back Yard Corner Lot Front Yard

Water Source Public

Total Parking 4

Lot Size Acres 0.1607

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Michael Dailey

Listing Agent

Listing Leaders

Broker

miked@westward360.com

Affordability Calculator

$3,200

Per Month

Monthly Principal & Interest: $2,901
Monthly Property Taxes: $299
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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

Trends
Schools

Multi-family listings in East Chicago, IN

Average List Price ^$279,250

Percent of Sale Price 40%

About East Chicago, IN

27,350 Population

-16% Since 2002

^$28,332 Median Income

32.98 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/9/2025	$465,000		Listed Price

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5001 Magoun Avenue, East Chicago, IN, 46312 is a Multi-Family Home for sale at $465,000 with a lot size of 0.1607. 5001 Magoun Avenue has 9 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 46312 which is in East Chicago, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/17/2025.

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5001 Magoun Avenue

Multi-Family Home for sale in East Chicago, IN

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