About 5001 Magoun Avenue
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.
Features of 5001 Magoun Avenue
| MLS® # | 829086 |
|---|---|
| Price | $440,000 |
| Bedrooms | 9 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Acres | 0.16 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 5001 Magoun Avenue |
|---|---|
| Subdivision | Sub |
| City | East Chicago |
| County | Lake |
| State | IN |
| Zip Code | 46312 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Driveway |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Gas Range, Refrigerator |
| Heating | Baseboard, Individual Unit, Other, Natural Gas |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior Features | Other |
|---|---|
| Lot Description | Back Yard, Front Yard, Corner Lot |
Additional Information
| Date Listed | October 9th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Michael Dailey |
|---|---|
| Office | Listing Leaders |