East Chicago, IN 46312 5001 Magoun Avenue
$440,000
20 more
Presented By: Michael Dailey with Listing Leaders - (219) 462-5478;
Beds • 9
Baths • 4
Garage • 2
Home Details
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.
Presented By: Michael Dailey with Listing Leaders - (219) 462-5478;
Interior Features for 5001 Magoun Avenue
Bedrooms
Total Bedrooms9
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area1672
Fireplace Y/NNo
Interior AmenitiesOther
General for 5001 Magoun Avenue
AppliancesGas Range, Refrigerator
CityEast Chicago
CountyLake
DirectionsIndianapolis Ave North to 150th, West to property.
Full Baths4
Garage Spaces2
Garage Y/NYes
Gross Income47520
HOANo
HeatingBaseboard, Individual Unit, Other, Natural Gas
Legal DescriptionSUBDIV. NW. S.32 T.37 R.9 ALL L.44 BL.2 AND L.45 BL.2
LevelsTwo
Listing TermsCash, VA Loan, Conventional
Lot Size Square Feet7000
New ConstructionNo
OwnerPaysSewer, Trash Collection, Taxes
Pets AllowedCats OK, Yes, Dogs OK
Property SubtypeQuadruplex
Property TypeResidential Income
Rent IncludesSewer, Water, Trash Collection
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSub
Tax Annual Amount3586
Tax Year2023
TownshipNorth
Virtual TourClick here
Year Built1900
Exterior for 5001 Magoun Avenue
Exterior AmenitiesOther
Lot FeaturesBack Yard, Front Yard, Corner Lot
Lot Size Acres0.1607
Lot Size SourceAssessor
Parking FeaturesDriveway
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Kallie Fuller
Real Estate Broker
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License #543277