8138-40 Highland PL, Munster, IN 46321
8138-40 Highland PL, Munster, IN 46321
8138-40 Highland PL, Munster, IN 46321
16
$390,000
$390,000
Est.Price: ?

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5 BD
3 BA
6,970 SqFt

8138-40 Highland PL Munster, IN 46321

Est. payment /mo
SOLD DATE : 04/21/2026

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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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Listed by Haven Realty • Jessica Markusic
Bought with Realty Executives Premier

Nearby Locations

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Gus Morquecho

Gus Morquecho

Broker Associate | License ID: RB140551680

+1(219) 308-2266

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