# 5001 Magoun Avenue, East Chicago, IN 46312

> **TL;DR:** 9bd/4ba residential multi family, $450,000, built 1900. Est. $1,950/mo. Listed 235 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $450,000 |
| Bedrooms | 9 |
| Bathrooms | 4 full |
| Year Built | 1900 |
| Lot Size | 7,000 sqft (0.16 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 235 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,950 |
| **Total** | **$1,950** |

## Property Highlights

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

## Description

### 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.

## Location

- **Address:** 5001 Magoun Avenue, East Chicago, IN 46312
- **County:** Lake
- **Neighborhood:** Sub
- **Coordinates:** 41.622985, -87.481794
- **Google Maps:** https://www.google.com/maps?q=41.622985,-87.481794

## Listing Agent

- **Name:** Michael Dailey
- **Brokerage:** Listing Leaders
- **Phone:** 3122591126
- **Email:** miked@westward360.com

## Primary Photo

![5001 Magoun Avenue - Primary Photo](http://lh.rdcpix.com/092e3f3060c6a8f04ae8e51c1e8f1cbdl-f1389661913r.jpg)

*25 total photos available on [listing page](https://www.propertysimple.com/listing/5001-magoun-avenue-east-chicago-in-46312-n829086)*

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**MLS#:** 829086 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/5001-magoun-avenue-east-chicago-in-46312-n829086)

---

## Structured Data

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