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
9 bedrooms
4 bathrooms
directions_car4 carspaces
directions_car2 garage spaces
1672 sq. ft. floor area
crop_free7000 sq. ft. lot size
cottageDuplex
Property history for 5001 Magoun Ave
2024
Sold
$230,000
08 May 2024 by Kiyah Marshall, of Property Boss
2019
Sold
$155,000
27 Feb 2019
Happy sellers in East Chicago
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Local market activity for 9 bedroom duplexes in East Chicago
Sold
For Sale
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