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$460,000 -$5,000 (-1.08%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • 2 Car Garage
  • Updated 2 hours ago
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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.

Full Property Details for 5001 Magoun Ave

General

  • Price: $460,000
  • Taxes: $3,586 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: GNIAR
  • MLS ID: 829086
  • Updated: 1/18/2026
  • Added to Site: 101 day(s) ago

Interior

  • Interior Features: Other
  • Appliances: Gas Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 9

Exterior

  • Exterior Features: Other

Parking

  • Garage Spaces: 2
  • Parking Features: Driveway

Location

  • County: Lake
  • Township: North
  • Subdivision: Sub
  • Driving Directions: Indianapolis Ave North to 150th, West to property.

Heating & Cooling

  • Heating Type: Baseboard, Individual Unit, Other, Natural Gas

Structural Information

  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.1607
  • Lot Size (Sq. Ft.): 7,000
  • Lot Features: Back Yard, Front Yard, Corner Lot

Financial Considerations

  • Tax Amount: $3,586
  • Tax Year: 2023
  • Terms: Cash, VA Loan, Conventional

Disclosures and Reports

  • Legal Description: SUBDIV. NW. S.32 T.37 R.9 ALL L.44 BL.2 AND L.45 BL.2
  • Property ID: 450332133001000024

Listed by Listing Leaders

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 5001 Magoun Ave

School District:City of East Chicago School District
NameGradesDistance
East Chicago Central High School
1100 West Columbus Drive, East Chicago, IN 46312
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5001 Magoun Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/18/2026
Price Reduced
$460,000
-1.08%
MLS
10/09/2025
Listed
$465,000
102.17%
MLS
5/07/2024
Sold
$230,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5001 Magoun Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,258
-50%
$152,600
-15%
2023
$8,557
142%
$179,300
1%
2022
$3,542
-47%
$177,100
45%
2020
$6,706
90%
$121,900
-19%
2019
$3,523
—
$150,900
21%
2019
$3,523
47%
$124,900
54%
2018
$2,404
—
$81,200
2%
2017
$2,409
—
$79,500
3%
2017
$2,409
—
$77,000
—
2016
$2,414
41%
$76,900
7%
2015
$1,712
-54%
$72,200
2%
2013
$3,714
-13%
$71,000
-3%
2012
$4,282
—
$73,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5001 Magoun Avenue, East Chicago, IN 46312 (MLS# 829086) is a Multi-Family property with units containing 9 bedrooms and 4 full bathrooms. 5001 Magoun Avenue is currently listed for $460,000 and was received on October 09, 2025. Want to learn more about 5001 Magoun Avenue? Do you have questions about finding other Multi-Family real estate for sale in East Chicago? You can browse all East Chicago real estate or contact a Coldwell Banker agent to request more information.

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