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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.
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
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5001 Magoun Avenue
East Chicago, IN 46312
Sub
Property Details
Parking
Heating
Appliances
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.


