1500 Camellia Drive Munster, IN $ 916,000
1500 Camellia Drive
$ 916,000
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1500 Camellia Drive

Munster, IN, 46321
$ 916,000
Bedrooms8 Baths6.0

Monthly Estimate*

$ 5,784

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Multi-Family Home for sale in Munster, IN

for $916,000 with 8 bedrooms and 6 full baths. This home was built in 1977 on a lot size of 0.542.

A rare chance to acquire a fully turnkey multi unit asset in one of Munster's most stable, high demand neighborhoods. Properties in this corridor offer exceptional long term performance, low vacancy rates, and strong tenant profiles -- making this an ideal addition to any portfolio. This multi unit setup provides immediate income potential with clean, functional layouts designed for durability and ease of management. Each unit offers bright living spaces, comfortable bedrooms, and practical finishes that minimize maintenance costs and support long term tenancy. The property's move in ready condition eliminates upfront renovation expenses, allowing investors to activate cash flow from day one. The exterior is equally low maintenance, featuring a well kept yard and solid curb appeal that enhances tenant retention and future resale value. Munster's top rated schools, medical facilities, parks, and commuter access continue to drive consistent demand -- giving investors confidence in both short term performance and long term appreciation. Whether you're expanding your multi unit holdings, seeking a reliable turnkey rental, or positioning for future value growth, 1500 Camellia Drive delivers the stability, location strength, and operational simplicity investors prioritize.

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Multi-Family Active

Price

$ 916,000

Bedrooms

8

Full Bath

6

Property Type

Multi-Family

Taxes

$ 12,528

Style

Quadruplex

Lot Size

0.542

Year Built

1977

Town/City

Munster

County/Region

Lake

MLS | Web ID

844998

Features
Interior
Interior Amenities Cathedral Ceiling(s) Granite Counters
Total Fireplaces 2
Fireplace Features Wood Burning
Fireplace Y/N Y
Above Grade Finished Area 7232
Half Baths 0
3/4 Baths 0
Laundry Features Laundry Room
Total Bedrooms 8
Total Baths 6
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected
Appliances Dishwasher Refrigerator Microwave Electric Range
Garage Spaces 4
Pets Allowed No
Year Built 1977
Electric 200+ Amp Service
Township North
Levels Two
Property Subtype Quadruplex
Tax Year 2024
County Lake
Insurance Expense 4200
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Fairmeadow Add 28
Garage Y/N Y
Rent Includes Water
Full Baths 6
Status Active
Directions Continue on W 45th St to your destination in Munster Use the left 2 lanes to turn left onto W 45th St Turn right onto Fran-lin Pkwy Turn left onto White Oak Ave Destination will be on the right
High School Munster High School
City Munster
Lot Size Square Feet 23610
Listing Terms Cash VA Loan FHA Conventional
Tax Annual Amount 12528
Electric Expense 1080
Trash Expense 796.08
Lease Considered Y/N N
Standard Status Active
Total Actual Rent 88800
Taxes 12374.68
Legal Description FAIRMEADOW 28TH ADD. BLOCK 1 LOT 8 & PART LOT 7
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Exterior
Exterior Amenities Balcony
Parking Features Off Street
Lot Features Landscaped Paved
Water Source Public
Total Parking 8
Lot Size Acres 0.542
Lot Size Source Public Records
Waterfront Y/N N
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* Excluded Features
List By
Jeff McCormick

Listing Agent

Mccormick Real Estate, Inc.

Broker

Jeff@MccormickRealestate.net

Email

Affordability Calculator

$6,828
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,784
Monthly Property Taxes
$1,044
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4001637 Elementary School
4001643 Middle School
Munster High School High School
Pricing History
DatePricePrice ChangeDescription
9/9/2026$916,000 Listed Price

Map


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1500 Camellia Drive, Munster, IN, 46321 is a Multi-Family Home for sale at $916,000 with a lot size of 0.542. 1500 Camellia Drive has 8 bedrooms, 6.0 baths, and was built in 1977. The property's zip code is 46321 which is in Munster, IN