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About This Home

This 9-bedroom, 4-bathroom residential multi family at 5001 Magoun Avenue in East Chicago, IN is listed for $450,000. Built in 1900, on a 0.16 acres lot.

Agent Description

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.

Key Features

  • Built in 1900
  • 0.16 acre lot
  • 2 stories
  • 4 parking spaces

Property Details

2 stories
4 full
4 spaces
1900

Monthly Cost Estimate

$2,407/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

5001 Magoun Avenue

East Chicago, IN 46312

Sub

Property Details

Parking

Driveway

Heating

BaseboardNatural Gas

Appliances

Gas RangeRefrigerator

Questions & Answers

This 9-bedroom, 4-bathroom residential multi family at 5001 Magoun Avenue is listed at $450,000. The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.16 acre lot, 2 stories, 4 parking spaces.

This property is listed by Michael Dailey and can be reached at 3122591126 or miked@westward360.com.

MD

Michael Dailey

Agent at Listing Leaders

(312) 259-1126

Listed by Listing Leaders · View on Broker Site

MLS# 829086· Source: listhub· Updated 235 days ago

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5001 Magoun Avenue, East Chicago, IN 46312

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