8138-40 Highland Place, Munster, IN 46321

• 5 beds |
• 3 baths

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

Listing Status:

Pending

Data Last Updated:

April 2, 2026 at 10:24PM

Listing Office:

Haven Realty : (888) 724-2836

Listing Agent:

Jessica Markusic :

MLS ID:

835490

Interior

• General: Ceiling Fan(s)Laminate Counters
• Appliances: DryerWasherRefrigeratorGas Water HeaterGas RangeDishwasher
• Laundry: Gas Dryer HookupWasher Hookup
• Basement: DaylightUnfinishedStorage SpaceFinished
• Heating: CentralForced Air

Exterior

• General: Private YardStorageRain Gutters
• Other Structures: Front Porch
• Parking: Additional ParkingOff StreetPavedOn StreetAlley AccessParking spaces: 2

Construction

• Windows: Insulated WindowsStorm Window(s)
• General: One and One Half

Location

• Originating MLS: nira
• School District: Munster
• County: Lake

Lot

• Zoning: HOLLYWOOD MANOR BL.7 N.3FT OF LOT 53 ALL LOT 54 & S.24FT OF LOT 55450624128040000027
• View: Neighborhood

Utilities

• Utilities: Cable ConnectedWater ConnectedSewer ConnectedNatural Gas ConnectedElectricity Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira