8138-40 Highland Place, Munster, IN 46321
Local realty services provided by:CENTURY 21 Circle
Listed by: jessica markusic
Office: haven realty
MLS#:835490
Source:Northwest Indiana AOR as distributed by MLS GRID
8138-40 Highland Place,Munster, IN 46321
$390,000
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Pending
Price summary
- Price:$390,000
About this home
Nestled in the heart of Munster, this beautifully maintained all-brick townhome-style multi-unit offers the perfect blend of charm, location, and investment opportunity. Just moments from Munster's vibrant downtown dining scene and the brand-new South Shore Train Station, this property provides incredible convenience for commuters and those who love being close to local restaurants, cafes, and shopping. Both units have been lovingly cared for by the owner and long-term tenants, reflecting years of thoughtful maintenance and updates. Over time, each unit has been tastefully modernized while still preserving the vintage character and charm from when the building was first constructed. Both units also have hardwood floors with dining rooms and built-in hutches. Owner recently installed a French drain all the way around both units. Unit 8138 features 3 bedrooms and 1 bath. This unit has a basement ( not finished) that offers extra storage and a laundry area. Has tons of potential to finish if desired and add equity. Unit 8140 is a 2 bed 2 bath that features a finished basement complete with an additional flex space and bathroom, offering extra versatility for living, working, or entertaining. Both units are income-producing with tenants already in place, making this a fantastic opportunity for investors seeking reliable returns and a property that has been truly well maintained. If you're looking for a solid investment (cap rate of 10) in a prime Munster location, with great tenants and strong ROI potential, this property is one you'll want to see. Separate Water and Nipsco and best of all NO HOA...
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Home facts
- Year built:1942
- Listing ID #:835490
- Added:1 day(s) ago
- Updated:March 16, 2026 at 07:23 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:1
- Rooms Total:15
- Kitchen Description:Dishwasher, Gas Range, Refrigerator
- Basement:Yes
- Basement Description:Basement
Structure and exterior
- Year built:1942
- Lot area:0.16 Acres
- Lot Features:Landscaped
- Exterior Features:Private Yard, Rain Gutters
Utilities
- Water:Public
Finances and disclosures
- Price:$390,000
- Tax amount:$4,197 (2024)
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:2
- Parking description:Additional Parking, Off Street, On Street, Paved
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