219-629-2098
1142 Camellia Dr, Munster, IN for Sale
Apartments - FOR SALE
1/12
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1142 Camellia Dr
Munster, IN 46321


OVERVIEW

PROPERTY HIGHLIGHTS • Beautifully maintained 4-unit property ideally situated at the intersection of Camellia Drive, Southwood Drive, and 45th Street • The property benefits from excellent visibility and exposure along 45th Street • Two fully renovated units with luxury finishes and two partially updated units • Excellent curb appeal with modern finishes • Unit mix includes one 3-bedroom, 1.5 bath and three 2-bedroom, 1-bath units • Brick and vinyl exterior with updated mechanicals • 2.5-car attached garage + 4-car detached garage • Ample parking and green space • Coin-operated Speed Queen washer and two dryers in common laundry • Tenants are responsible for NIPSCO (electric and gas); owner pays for water and trash • Long-term tenancy in two of the four units LOCATION Munster, IN is a high-demand, supply-constrained submarket of Northwest Indiana, known for its top-rated schools, proximity to Chicago, and vibrant amenities. This property is walkable to Munster’s highest-ranked elementary school and located near parks, shopping, and hospitals. Less than a 10-minute drive to the I-94 expressway, and just 2 miles from the upcoming commuter rail station. The area offers very few small multifamily rental properties, making this a rare opportunity for investors. INVESTMENT SUMMARY This is a rare opportunity to acquire a well-maintained multifamily property in a supply-constrained market. With two units fully renovated and two others partially updated, this is ideal for both seasoned and first-time investors seeking stable cash flow and long-term upside. Stable current income with upside potential • Fully leased with 12-month terms • Below-market rents on partially updated units • Low property tax environment compared to Illinois CALL FOR OFFERS Offers due by Friday, July 18, 2025. For financials and rent roll, please contact the listing representative directly. CONTACT John Svolos 219-629-2098 munster1142@gmail.com

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

4

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,077 SF

ZONING

-

APN/PARCEL ID

45-07-30-379-015.000-027

ASK ABOUT THIS PROPERTY

John Svolos1142 Camellia LLCMore Info
219-629-2098

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John Svolos1142 Camellia LLCMore Info
219-629-2098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.