Movoto Real Estate
Sold on 03/15/2026

8138-40 Highland Pl, Munster, IN 46321

$390,000

Last sold 03/15/2026 after 1 Day

  • 5

    bed

  • 3

    bath

Multi-family not for sale

About 8138-40 Highland Pl

Property type Multi-family
Neighborhood
Year built 1942
HOA fee $0/month
Lot size 6,970 Sqft
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
Listed by
Listing Agent - Jessica Markusic
Listing Agent Contact: (888) 724-2836
Listing Office - Haven Realty
Source: NIRA mls logo
MLS#835490 • last updated 6 months ago
Movoto checked NIRA for data 5 minutes ago
Overview
Heating Central, Forced Air
Levels/Style One And One Half
Type Residential Income
SubType Duplex
Status Closed
MLS # 835490
Lot Size (Acres) 0.16
Lot Size (SqFt) 6970
Property Tax 4197.74
Year Built 1942
Interior
# Three-Quarter Baths 2
Total # of Bathrooms 3
# of Full Baths 1
# Bedrooms 5
Total # of Rooms 15
Laundry Gas Dryer Hookup, Washer Hookup
Interior Features Ceiling Fan(s), Laminate Counters
Appliances Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range, Dishwasher
Exterior
Parking Desc Additional Parking, Off Street, Paved, On Street, Alley Access
# of Parking Spaces 2
Exterior Features Private Yard, Storage, Rain Gutters
Lot Desc Back Yard, Near Public Transit, Landscaped, Front Yard
Patio/Porch Front Porch
Amenities / Utilities
Utilities Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
Water Source Public
Pets Allowed Cats OK, Dogs OK
Pool None
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Location
View Neighborhood
County Lake
Subdivision Hollywood Manor
High School District Munster
Directions Ridge Road West To Highland Place
APN 450624128040000000
Zoning Residential
Multifamily Details
Owner Pays Insurance, Water, Trash Collection, Taxes, Sewer
Expense: Operating 7947
Net Operating Income 39452
Gross Income 47400
  • Apr 2026
    mls logo MLS # 835490
  • Apr 21, 2026 Sold
    $390,000
  • Mar 16, 2026 Pending
    —
  • Mar 15, 2026 Listed
    $390,000
  • 8138-40 Highland Pl
    $390K
  • Hollywood
    $258K -19% y/y
  • 46321
    $389K 0% y/y
  • Munster
    $389K 0% y/y
No chart available
Statistics calculated by Movoto

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10/10
Source: GreatSchools.org © 2026. All rights reserved.

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