1142 Camellia Dr - Apartments FOR SALE


Munster, IN 46321
$950,000 USD
219-629-2098
1142 Camellia Dr, Munster, IN for Sale
$950,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

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 Asking Price: $950,000 For financials and rent roll, please contact the listing representative directly. CONTACT John Svolos 219-629-2098 munster1142@gmail.com

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

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.