Residential Income For Sale

5001 Magoun Avenue, East Chicago, Indiana

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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.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA829086
Price : $460,000
Bedrooms : 9
Rooms : 0
Bathrooms : 4
Half Bathrooms : 0
Year Built : 1900
Lot Area : 7,000 Sqft
Status : Active
Acres : 0.1607
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Baseboard, Other, Natural Gas, Individual Unit
Basement : Yes
Pet Policy : Yes, Dogs Ok, Cats Ok
Parking : Driveway
Exterior Features : Other
Interior Features : Other
Appliances
Appliances : Refrigerator, Gas Range
Address Map
Country : US
State : IN
County : Lake
City : East Chicago
Street : Magoun
Street Number : 5001
Street Suffix : Avenue
Postal Code : 46312
Floor Number : 0
Longitude : W88° 31' 5.5''
Latitude : N41° 37' 22.7''
Directions : Indianapolis Ave North to 150th, West to property.
Subdivision : Sub
Township : North
MLS Addon
Office Name : Listing Leaders
Listing Agent MLS ID : NRA17697
Listing Office MLS ID : NRA1690
Annual Tax Amount : $3,586
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2023
Residential Income For Sale
  • Listing ID : NRA829086
  • Bedrooms : 9
  • Bathrooms : 4
  • Lot Area : 7,000 Sqft
$460,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent