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    Property profile & analytics

    8118 Frederick Ave Munster, IN 46321-1550

    • Residential income homes
    • 6,522 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US31-0447893
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 8118 Frederick Ave

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Property size
    6,522 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-06-24-201-001.000-027
    APU
    450624201001000027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $415,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $325,000
      Mixed-Use
      $315,000
      Hospitality
      $370,000
      Educational
      $405,000
      Residential Income
      $395,000
      Energy
      $440,000
      Income-Based Land
      $400,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.5182
    Latitude
    41.5663
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,400
    $88,400
    $363,100
    $451,500
    -
    $88,400
    $363,100
    $451,500

    Comparable in this City

    • Value Estimation
      $260,000
      6,870 SF

      902 Boxwood Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,870 SF
      902 Boxwood Dr, Munster, IN 46321-2839
      View Details
    • Value Estimation
      $190,000
      5,104 SF

      1359 Brookside Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,104 SF
      1359 Brookside Dr, Munster, IN 46321-4128
      View Details
    • Value Estimation
      $295,000
      5,104 SF

      1359 Brookside Dr, Unit A2

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,104 SF
      1359 Brookside Dr, Munster, IN 46321-4138
      View Details
    • Value Estimation
      $315,000
      5,049 SF

      1024 Camellia Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,049 SF
      1024 Camellia Dr, Munster, IN 46321-3642
      View Details
    • Value Estimation
      $250,000
      5,049 SF

      1032 Camellia Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,049 SF
      1032 Camellia Dr, Munster, IN 46321-3644
      View Details
    • Value Estimation
      $350,000
      5,049 SF

      1406 Camellia Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,049 SF
      1406 Camellia Dr, Munster, IN 46321-3725
      View Details

    Similar Nearby for Sale

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      Comfortable Condo with Modern Amenities

      Three-bedroom condo with pool, putting green, and heated garage.
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      Established Restaurant, High Traffic Area
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    • $129,900
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      Munster Townhome with Remodel Potential

      Townhome in Munster, 2 bedrooms, 2 baths, remodel potential.
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      Residential Land in Premier Location

      Unimproved land in Munster, build your dream home here!
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      Mixed-Use Building on Ridge Road

      4,722 SF Munster building with retail, office, and apartment.
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    Similar Nearby for Lease

    • $1,900 /Mo

      Cambridge Court Condo For Rent

      Pristine 2 bed, 2 bath condo with garage.
      635 Cambridge Ct, Munster, IN 46321
      View Details
    • $1,650 /Mo
      945 SF

      Clean Apartment with Eat-in Kitchen

      Two-bedroom apartment with appliances, storage, and on-site laundry.
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      View Details
    • $7,200 /Mo
      13,491 SF

      Munster Office Suites For Lease

      Five Suites, Prime Munster Location
      1544 45Th St, Munster, IN 46321
      View Details
    • $16 SF/Yr
      3,567 SF

      Munster Office Space for Lease

      Prime Munster location, 1,200 sq ft available
      8146 Calumet Ave, Munster, IN 46321
      View Details
    • $24 SF/Yr
      1,600 SF

      Office Space Near Retail Center

      Well-maintained office units near I-80/94 and a retail center.
      8031-8045 Euclid Ave, Munster, IN 46321
      View Details
    • $42 SF/Yr
      674 SF

      New Retail Space Available

      New construction retail space in a high-traffic area.
      8130 Calumet Ave, Munster, IN 46321
      View Details
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    Munster, IN 46321-1550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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