$390,000

beds

baths

2,920

square ft

8138-40 Highland Place

Munster, Indiana 46321

Closed / MLS #835490 / Multiple Unit (2-4) / Munster

Listing information updated 4/21/2026 at 11:24am

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 Features

Basement:

Daylight,Unfinished,Storage Space,Finished

Beds Above Grade:

Cooling System:

Central Air, Ceiling Fan(s)

Heating System:

Central, Forced Air

Appliances:

Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range, Dishwasher

Pool:

Age:

84 Years

Roof Type:

Shingle

Parking Type:

Additional Parking,Off Street,Paved,On Street,Alley Access

Parking Spaces:

Garage:

Additional Parking,Off Street,Paved,On Street,Alley Access

Room Count:

Water Front:

Square Feet:

2,920

Lot Size:

0.16 Acres

Acreage:

0.16

Taxes & Assessments

Tax Amount:

$4,197

Tax Year:

2024

Location

Zip Code:

46321

City:

Munster

County:

Lake

Schools

School District(s):

Munster

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Daylight,Unfinished,Storage Space,Finished

Beds Above Grade:

Cooling System:

Central Air, Ceiling Fan(s)

Heating System:

Central, Forced Air

Appliances:

Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range, Dishwasher

Pool:

Age:

84 Years

Roof Type:

Shingle

Parking Type:

Additional Parking,Off Street,Paved,On Street,Alley Access

Parking Spaces:

Garage:

Additional Parking,Off Street,Paved,On Street,Alley Access

Room Count:

Water Front:

Square Feet:

2,920

Lot Size:

0.16 Acres

Acreage:

0.16

Tax Amount:

$4,197

Tax Year:

2024

Zip Code:

46321

City:

Munster

County:

Lake

School District(s):

Munster

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Haven Realty

Listing Office Phone: 888.724.2836

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/21/2026 at 11:24am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.