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$135,000 Just Listed
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Property Description
Calling all investors and renovation-minded buyers! This stately 1927 brick two-story offers nearly 2,300 square feet of finished living space, four bedrooms, two-and-a-half bathrooms, a full basement, and a detached 2.5-car garage--all ready for a complete transformation. The main level features a spacious living room with a wood-burning fireplace and hardwood flooring in portions of the home. Just off the living room, a window-filled enclosed porch offers abundant natural light and flexibility. A separate family room provides additional living space, while the kitchen, formal dining room, and half bathroom complete the main floor. Upstairs are four bedrooms and two full bathrooms, providing a substantial footprint with several possibilities for renovation and reconfiguration. The full basement includes areas that are finished but do require remediation and restoration. This property needs work and is best suited for an investor, rehabber, or owner-occupant prepared to take on a renovation. The home is being sold strictly AS IS. The seller will make no repairs, provide no credits, and will not remove the personal property remaining in the home. Visible mold is present in the basement. Bring your contractor, your plans, and your imagination--this is an opportunity to restore the character of a substantial brick home while creating value through a thoughtful renovation.
Full Property Details
Full Property Details for 7232 Magoun Ave
General
- Price: $135,000
- Taxes: $3,015 (2025)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 844548
- Updated: 9/10/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Ceiling Fan(s), Recessed Lighting, Laminate Counters, Entrance Foyer
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Dishwasher, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Water Heater, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Private Yard, Rain Gutters
Parking
- Garage Spaces: 2.5
- Parking Features: Detached, Garage Faces Front, Driveway, Additional Parking
Location
- County: Lake
- Township: North
- Subdivision: Woodmar
- Driving Directions: North on Indianapolis Blvd, West on 173rd Ave, North on Magoun, home is on West side of road.
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 2,301
- Year Built: 1927
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276.4
- Lot Features: Back Yard, Rectangular Lot, Private, Landscaped, Front Yard, Few Trees
Financial Considerations
- Tax Amount: $3,015
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: WOODMAR UNIT 6 L.17 BL.15 ALL L.18 BL.15 ALL L.19 BL.15
- Property ID: 450708378036000023
Listed by Brokerworks Group
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Schools
Schools serving 7232 Magoun Ave
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Thomas Jefferson Elementary School, Hammond, IN 6940 Northcote Avenue, Hammond, IN 46324 | PK-5 | 0.5 mi |
Charles N Scott Middle School 3635 173rd Street, Hammond, IN 46323 | 6-8 | 2.2 mi |
Morton Senior High School 6915 Grand Avenue, Hammond, IN 46323 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7232 Magoun Ave
Date
Details
Price
Change
Source
9/10/2026
Listed
$135,000
—
MLS
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
Tax History for 7232 Magoun Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,028
—
$285,400
20%
2024
$3,028
-71%
$237,700
9%
2023
$10,458
280%
$218,800
6%
2022
$2,752
-35%
$206,100
10%
2020
$4,260
80%
$186,600
6%
2019
$2,373
—
$176,500
7%
2019
$2,373
2%
$165,700
9%
2018
$2,323
-11%
$151,400
—
2017
$2,618
—
$151,100
9%
2017
$2,618
26%
$138,100
-2%
2016
$2,077
7%
$141,000
2%
2015
$1,936
-27%
$138,300
2%
2013
$2,664
-1%
$135,200
-1%
2012
$2,696
—
$137,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7232 Magoun Ave
7232 Magoun Avenue, Hammond, IN 46324 (MLS# 844548) is a Single Family property with 4 bedrooms, 1 full bathroom and 2 partial bathrooms. 7232 Magoun Avenue is currently listed for $135,000 and was received on September 10, 2026. Want to learn more about 7232 Magoun Avenue? Do you have questions about finding other Single Family real estate for sale in Hammond? You can browse all Hammond real estate or contact a Coldwell Banker agent to request more information.

