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$390,000
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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
Full Property Details
Full Property Details for 8138-40 Highland Pl
General
- Sold For: $390,000
- Taxes: $4,197 (2024)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 835490
- Added to Site: 72 day(s) ago
Interior
- Number of Rooms: 15
- Interior Features: Ceiling Fan(s), Laminate Counters
- Appliances: Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 1
- 3/4 Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Private Yard, Storage, Rain Gutters
Parking
- Parking Features: Additional Parking, Off Street, Paved, On Street, Alley Access
Location
- County: Lake
- Township: North
- Subdivision: Hollywood Manor
- Driving Directions: Ridge road west to Highland Place
School Information
- High School District: Munster
Heating & Cooling
- Heating Type: Central, Forced Air
Structural Information
- Year Built: 1942
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Features: Back Yard, Near Public Transit, Landscaped, Front Yard
- Zoning: Residential
Financial Considerations
- Tax Amount: $4,197.74
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: HOLLYWOOD MANOR BL.7 N.3FT OF LOT 53 ALL LOT 54 & S.24FT OF LOT 55
- Property ID: 450624128040000027
Listed by Haven Realty
Sold by Realty Executives Premier
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Price & Sales History for 8138-40 Highland Pl
Date
Details
Price
Change
Source
4/21/2026
Sold
$390,000
—
MLS
3/15/2026
Listed
$390,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8138-40 Highland Place, Munster, IN 46321 (MLS# 835490) is a Multi-Family property that was sold at $390,000 on April 21, 2026. Want to learn more about 8138-40 Highland Place? Do you have questions about finding other Multi-Family real estate for sale in Munster? You can browse all Munster real estate or contact a Coldwell Banker agent to request more information.

