$465,000

5001 Magoun Avenue, East Chicago, IN 46312

  • 9 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon7,000sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 27 days ago

Property 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.

Listing Status:
Active
Listing Office:
Listing Leaders : (219) 462-5478
Listing Agent:
Michael Dailey :
MLS ID:
829086
  • General: Other
  • Appliances: Gas RangeRefrigerator
  • Basement: Unfinished
  • Heating: BaseboardIndividual UnitOtherNatural Gas
  • General: Other
  • Parking: DrivewayParking spaces: 4
  • General: Two
  • Originating MLS: nira
  • County: Lake
  • Zoning: SUBDIV. NW. S.32 T.37 R.9 ALL L.44 BL.2 AND L.45 BL.2450332133001000024
  • Water: Public
  • Sewer: Public Sewer
  • Source: nira

This listing courtesy of Michael Dailey, Listing Leaders

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

William Mckinley Elementary School

4825 Magoun Ave, East Chicago, IN, 46312

Grades KG-6

0.21 miles away

J

Joseph Block Middle School

2700 Cardinal Dr, East Chicago, IN, 46312

Grades 7-8

2.33 miles away

E

East Chicago Central High School

1100 W Columbus Dr, East Chicago, IN, 46312

Grades 9-12

1.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.