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  • $390,000

    8138-40 Highland Pl, Munster, IN 46321

    5beds
    --sqft
    Duplex
    Built in 1942
    -- sqft lot
    $393,200 Zestimate®
    $--/sqft
    $1,696 Estimated rent

    Home value

    $393,200

    $370,000 - $421,000

    $1,696/mo

    Zestimate® history
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    $2,458/mo

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    What's special

    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica Markusic,

    Haven Realty 888-724-2836

    Bought with:

    Stephani Nydam, RB19001139

    Realty Executives Premier

    Source: NIRA as distributed by MLS GRID,MLS#: 835490MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    Heating
    • Forced Air
    Appliances
    • Included: Dryer, Washer, Refrigerator, Gas Water Heater, Dishwasher
    • Laundry: Gas Dryer Hookup, Washer Hookup
    Features
    • Ceiling Fan(s), Laminate Counters
    • Windows: Insulated Windows, Storm Window(s)
    • Basement: Daylight,Unfinished,Storage Space,Finished
    • Has fireplace: No
    Interior area
    • Finished area above ground: 2,320

    Property

    Parking
    • Total spaces: 2
    • Parking features: Additional Parking, Off Street, Paved, On Street, Alley Access
    Features
    • Levels: One and One Half
    • Patio & porch: Front Porch
    • Exterior features: Private Yard, Storage, Rain Gutters
    • Pool features: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 6,969 Square Feet
    • Features: Back Yard, Near Public Transit, Landscaped, Front Yard
    Details
    • Parcel number: 450624128040000027
    • Zoning description: Residential
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Condition
    • New construction: No
    • Year built: 1942

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    • Subdivision: Hollywood Manor
    HOA
    • Has HOA: No
    Location
    • Region: Munster

    Financial & listing details

    • Annual tax amount: $4,197
    • Date on market: 3/16/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/21/2026Sold$390,000
    Source: NIRA as distributed by MLS GRID #835490 Report a problem
    3/16/2026Pending sale$390,000
    Source: NIRA as distributed by MLS GRID #835490 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 46321

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $393,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $393,200