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8138-40 Highland PL Munster, IN 46321
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Key Details
Sold Price $390,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,970 sqft
Price per Sqft $55
Subdivision Hollywood Manor
MLS Listing ID 835490
Sold Date 04/21/26
Bedrooms 5
Full Baths 1
Three Quarter Bath 2
Year Built 1942
Annual Tax Amount $4,197
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Duplex
Property Description
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
Location
State IN
County Lake
Zoning Residential
Interior
Interior Features Ceiling Fan(s), Laminate Counters
Heating Central, Forced Air
Fireplace N
Appliance Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range, Dishwasher
Exterior
Exterior Feature Private Yard, Storage, Rain Gutters
View Y/N true
View true
Building
Lot Description Back Yard, Near Public Transit, Landscaped, Front Yard
Story One and One Half
Schools
School District Munster
Others
Tax ID 450624128040000027
SqFt Source Assessor
Acceptable Financing NRA20260311153354769621000000
Listing Terms NRA20260311153354769621000000
Financing Conventional
Pets Allowed Cats OK, Dogs OK
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Bought with Realty Executives Premier
Nearby Locations
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