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Four-Unit Property with Basement
New
For Sale
$886,000

1424 Camellia Drive, Munster, IN 46321

Residential Income, Munster, IN

Property SizeContact for details
Lot Size0.41 Acres
Days on Market2

Property Features for 1424 Camellia Drive

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 9
Bathrooms 5
Full bathrooms 4
Half bathrooms 1
Rooms Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 7, Basement, Bedroom 8, Bedroom 9
Parking 8
Parking features Off Street
Basement Unfinished
Appliances Electric Range, Refrigerator, Microwave
Subdivision Fairmeadow Add 28
Lot features Landscaped
High school Munster High School
Directions 45 th to Southwood, North to Camellia, East to property.
Standard status Active
APN 450730479005000027
Lot size 0.41 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description FAIRMEADOW 28TH. ADDITION BLOCK 1 LOT 5
Tax Annual Amount 11314
Legal Description FAIRMEADOW 28TH. ADDITION BLOCK 1 LOT 5

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1977
Floors in Building 2
Listing Agency: McCormick Real Estate, Inc.
Listed By: Jeff McCormick · License #RB14033291
Added: Sep 8 Changed: Sep 9 Last Checked: Sep 9 at 9:06PM
MLS# 845000

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit residential income property in Munster includes 9 bedrooms, 5 bathrooms, and a basement across approximately 0.413 acres. Built in 1977, the property is equipped with forced-air heating and includes an electric range, refrigerator, and microwave. Off-street parking serves the property, while public water and public sewer provide utility service.

Located at 1424 Camellia Drive in Munster, Indiana, the property is within ZIP Code 46321 and Lake County. The surrounding community includes schools, medical facilities, parks, and commuter access. The four-unit configuration and existing bedroom, bathroom, and basement areas support a residential income property format.

Key Highlights

  • Quadplex configuration with 9 bedrooms and 5 bathrooms
  • Approximately 0.413 acres at 1424 Camellia Drive
  • Basement included

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service HVAC Service Bakery Building Supply Auto Repair Shop Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby

Demographics for 46321, IN

23,894
Population
9,786
Households
2.4
Avg Household Size
45
Median Age
48%
College-Educated
96%
High-School Grad
7.6 sq mi
ZIP Area
3,144
Density / Sq Mi
$105,764
Median Household Income
$57,796
Median Earnings
$1,480
Median Rent
$312,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Quadplex with public utilities, forced-air heating, off-street parking, and household appliances.
Where is this quadplex located?
The property is located at 1424 Camellia Drive Munster, IN.
What is the asking price?
The asking price for this property is $886,000.
What are key features of this property?
This property features: Quadplex configuration with 9 bedrooms and 5 bathrooms; Approximately 0.413 acres at 1424 Camellia Drive; Basement included
More about this property
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