222 Beacon Pl · Munster, IN 46321

$364,999

3 bd · 2.5 ba · 2,928 sqft · SingleFamily public records · 33 Days on market

Built 1949 6,375 sqft lot $125/sqft · 6% above area Est $355k · at est.

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.4/30.0
• ARV discount +6.2/15.0
• Schools +5.7/10.0
• DSCR +4.0/10.0
• Livability +4.0/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully maintained brick two-story in the highly desirable Munster area--where charm, space, and location come together effortlessly. Step inside to a bright and inviting living room featuring gleaming hardwood floors, a cozy fireplace, and a large picture window that fills the space with natural light. The hardwood continues into the formal dining room, creating the perfect setting for gatherings and entertaining. The bright and functional kitchen offers abundant cabinetry and counter space, complemented by newer waterproof laminate flooring and a sunny breakfast nook--ideal for everyday living. The showstopper? A massive great room complete with a second fireplace, dry bar, and additional storage--perfect for hosting, relaxing, or creating your dream hangout space. Upstairs, you'll find a spacious primary bedroom with double closets, two generously sized additional bedrooms, and a full bathroom featuring a jetted tub for ultimate relaxation. The finished basement adds even more versatility, offering a second living area, office or workout space, a finished laundry room, and a full bathroom with a stand-up shower and an impressive jetted tub. Freshly painted with brand-new carpeting, this level feels clean, updated, and move-in ready. Step outside through sliding doors to a fully fenced double lot--perfect for entertaining or unwinding--complete with a paver patio and a storage shed with a new floor. All of this in a prime location with easy access to Chicago--making your commute a breeze.

Key facts

• Brick two story
• Formal dining room
• Large picture window

Tags

• BRICK TWO STORY
• HARDWOOD FLOORS
• COZY FIREPLACE
• LARGE PICTURE WINDOW
• FORMAL DINING ROOM
• ABUNDANT CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $365k.

Deal economics

• At list price, monthly cash flow is $5 ($65/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $306k (16.3% below list).
• Recommended offer: $306k (16.3% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 5.0% in Munster — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 81/100 on livability (#17 in IN, #1,427 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• School Town Of Munster (suburban): math 65% / reading 64% proficiency, ranked #6 of 301 in IN (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: James B Eads Elementary School (math 75% / reading 57%, grade B+, #71 of 994 statewide, top 7%, 507 students, 33% FRL); Wilbur Wright Middle School (math 51% / reading 59%, grade B-, #26 of 330 statewide, top 8%, 908 students, 24% FRL); Munster High School (math 71% / reading 91%, grade A, #4 of 369 statewide, top 1%, 1,564 students, 23% FRL).
• Market conditions: 116 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).
• This rent runs 33% of the median local income ($110k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Lake County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($354k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $305,631 (16.3% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 6.31%
• Cash-on-cash: 0.06%
• DSCR: 1.00
• GRM: 10.0

CMA / ARV

• ARV (median comp): $354,541
• List price: $364,999
• Delta: 2.95%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
222 Beacon Pl	0.00mi	3/2.5	3,028 (+3%)	1mo	$354,999	$117	94
8019 Hohman Ave	0.10mi	3/2.0	2,581 (-12%)	5mo	$329,900	$128	70
8009 Forest Ave	0.13mi	4/2.0 (+1)	3,146 (+7%)	8mo	$475,000	$151	68
7944 Forest Ave	0.15mi	4/2.0 (+1)	2,712 (-7%)	11mo	$349,900	$129	64
18358 Willow Ln	0.59mi	4/2.5 (+1)	2,721 (-7%)	1mo	$354,900	$130	55
8423 Harrison Ave	0.68mi	3/2.5	3,135 (+7%)	3mo	$438,000	$140	54
8244 Madison Ave	0.64mi	3/3.0	2,838 (-3%)	11mo	$489,900	$173	54
222 Southmoor Rd	0.60mi	3/2.0	2,802 (-4%)	11mo	$222,222	$79	54
8516 Moraine Ave	0.73mi	3/1.5	2,920 (-0%)	9mo	$383,000	$131	54
3618 Lake St	0.46mi	4/2.5 (+1)	2,630 (-10%)	4mo	$299,000	$114	54
3626 Monroe St	0.38mi	4/2.0 (+1)	2,534 (-14%)	7mo	$300,000	$118	47
18409 Willow Ln	0.60mi	4/2.0 (+1)	2,600 (-11%)	1mo	$310,000	$119	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.2%
• Equity multiple: 0.42×
• Total profit: $-58,823
• Equity at exit: $54,423

10-year hold

• IRR: -7.9%
• Equity multiple: 0.50×
• Total profit: $-50,873
• Equity at exit: $31,558

Cash invested: $102,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46321

• Active inventory: 116
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $3,056 high
• Mortgage (P&I): −$1,914
• Tax from tax record: −$343 /mo · $4,115/yr
• Insurance: −$152
• HOA: −$0
• Vacancy / Maint / Mgmt: −$642
• Net cashflow: $5

Break-even live

Break-even rent $3,049

Max offer price $364,999

Occupancy floor 95%

Sensitivity live

Price	-10% $212	-5% $109	+0% $5	+5% $-98	+10% $-201
Rent	-10% $-236	-5% $-115	+0% $5	+5% $126	+10% $247
Rate	-1.0pp $189	-0.5pp $98	base $5	+0.5pp $-89	+1.0pp $-185

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $91,250
• Closing costs: $10,950
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7741 Hohman Ave Munster, IN	4.0	2.0	2200	$3,200	$1.45	12d	1	0.23mi
548 South St Munster, IN	4.0	2.0	2300	$3,300	$1.43	7d	1	0.69mi
8016 Monaldi Dr Munster, IN	4.0	2.0	2000	$2,999	$1.50	12d	1	0.88mi
252 Lawndale St Hammond, IN	4.0	3.0	2016	$2,600	$1.29	3d	1	1.26mi
18108 Oakwood Ave Lansing, IL	3.0	1.0	2100	$2,300	$1.10	3d	1	1.36mi

Listing history 7 events

1. 2026-05-16
   status Pending 1535-char remark

   Show marketing remark (1535 chars)

   Welcome to this beautifully maintained brick two-story in the highly desirable Munster area--where charm, space, and location come together effortlessly. Step inside to a bright and inviting living room featuring gleaming hardwood floors, a cozy fireplace, and a large picture window that fills the space with natural light. The hardwood continues into the formal dining room, creating the perfect setting for gatherings and entertaining. The bright and functional kitchen offers abundant cabinetry and counter space, complemented by newer waterproof laminate flooring and a sunny breakfast nook--ideal for everyday living. The showstopper? A massive great room complete with a second fireplace, dry bar, and additional storage--perfect for hosting, relaxing, or creating your dream hangout space. Upstairs, you'll find a spacious primary bedroom with double closets, two generously sized additional bedrooms, and a full bathroom featuring a jetted tub for ultimate relaxation. The finished basement adds even more versatility, offering a second living area, office or workout space, a finished laundry room, and a full bathroom with a stand-up shower and an impressive jetted tub. Freshly painted with brand-new carpeting, this level feels clean, updated, and move-in ready. Step outside through sliding doors to a fully fenced double lot--perfect for entertaining or unwinding--complete with a paver patio and a storage shed with a new floor. All of this in a prime location with easy access to Chicago--making your commute a breeze.

2. 2026-05-09
   status Active 1535-char remark

   Show marketing remark (1535 chars)

   Welcome to this beautifully maintained brick two-story in the highly desirable Munster area--where charm, space, and location come together effortlessly. Step inside to a bright and inviting living room featuring gleaming hardwood floors, a cozy fireplace, and a large picture window that fills the space with natural light. The hardwood continues into the formal dining room, creating the perfect setting for gatherings and entertaining. The bright and functional kitchen offers abundant cabinetry and counter space, complemented by newer waterproof laminate flooring and a sunny breakfast nook--ideal for everyday living. The showstopper? A massive great room complete with a second fireplace, dry bar, and additional storage--perfect for hosting, relaxing, or creating your dream hangout space. Upstairs, you'll find a spacious primary bedroom with double closets, two generously sized additional bedrooms, and a full bathroom featuring a jetted tub for ultimate relaxation. The finished basement adds even more versatility, offering a second living area, office or workout space, a finished laundry room, and a full bathroom with a stand-up shower and an impressive jetted tub. Freshly painted with brand-new carpeting, this level feels clean, updated, and move-in ready. Step outside through sliding doors to a fully fenced double lot--perfect for entertaining or unwinding--complete with a paver patio and a storage shed with a new floor. All of this in a prime location with easy access to Chicago--making your commute a breeze.

3. 2026-04-16
   status Pending 1535-char remark

   Show marketing remark (1535 chars)

   Welcome to this beautifully maintained brick two-story in the highly desirable Munster area--where charm, space, and location come together effortlessly. Step inside to a bright and inviting living room featuring gleaming hardwood floors, a cozy fireplace, and a large picture window that fills the space with natural light. The hardwood continues into the formal dining room, creating the perfect setting for gatherings and entertaining. The bright and functional kitchen offers abundant cabinetry and counter space, complemented by newer waterproof laminate flooring and a sunny breakfast nook--ideal for everyday living. The showstopper? A massive great room complete with a second fireplace, dry bar, and additional storage--perfect for hosting, relaxing, or creating your dream hangout space. Upstairs, you'll find a spacious primary bedroom with double closets, two generously sized additional bedrooms, and a full bathroom featuring a jetted tub for ultimate relaxation. The finished basement adds even more versatility, offering a second living area, office or workout space, a finished laundry room, and a full bathroom with a stand-up shower and an impressive jetted tub. Freshly painted with brand-new carpeting, this level feels clean, updated, and move-in ready. Step outside through sliding doors to a fully fenced double lot--perfect for entertaining or unwinding--complete with a paver patio and a storage shed with a new floor. All of this in a prime location with easy access to Chicago--making your commute a breeze.

4. 2026-03-20
   listed $364,999 Active 1535-char remark

   Show marketing remark (1535 chars)

   Welcome to this beautifully maintained brick two-story in the highly desirable Munster area--where charm, space, and location come together effortlessly. Step inside to a bright and inviting living room featuring gleaming hardwood floors, a cozy fireplace, and a large picture window that fills the space with natural light. The hardwood continues into the formal dining room, creating the perfect setting for gatherings and entertaining. The bright and functional kitchen offers abundant cabinetry and counter space, complemented by newer waterproof laminate flooring and a sunny breakfast nook--ideal for everyday living. The showstopper? A massive great room complete with a second fireplace, dry bar, and additional storage--perfect for hosting, relaxing, or creating your dream hangout space. Upstairs, you'll find a spacious primary bedroom with double closets, two generously sized additional bedrooms, and a full bathroom featuring a jetted tub for ultimate relaxation. The finished basement adds even more versatility, offering a second living area, office or workout space, a finished laundry room, and a full bathroom with a stand-up shower and an impressive jetted tub. Freshly painted with brand-new carpeting, this level feels clean, updated, and move-in ready. Step outside through sliding doors to a fully fenced double lot--perfect for entertaining or unwinding--complete with a paver patio and a storage shed with a new floor. All of this in a prime location with easy access to Chicago--making your commute a breeze.

5. 2022-04-19
   soldstatus $330,000 Closed 950-char remark

   Show marketing remark (950 chars)

   Well maintained brick two story located in desirable Munster. So much living space in this home starting with living room that features hardwood flooring, fireplace and large window offering so much natural light. Hardwood flooring continues through to the adjoining formal dining room. Well appointed kitchen boasts of ample counter space and cabinets, new water proof laminate flooring and breakfast room. The huge great room contains another fireplace, dry bar and storage closet. Upstairs you will find main bedroom with double closets, two additional nice size bedrooms and full bathroom with jetted tub. Finished basement contains yet another living room, office or workout space, finished laundry room and another full bathroom with stand up shower and 105 gallon jetted tub. Sliding doors off the great room leads to fenced double lot yard, paver brick patio and storage shed with new floor. Location is perfect for easy commuting to Chicago.

6. 2022-03-17
   status Pending 950-char remark

   Show marketing remark (950 chars)

   Well maintained brick two story located in desirable Munster. So much living space in this home starting with living room that features hardwood flooring, fireplace and large window offering so much natural light. Hardwood flooring continues through to the adjoining formal dining room. Well appointed kitchen boasts of ample counter space and cabinets, new water proof laminate flooring and breakfast room. The huge great room contains another fireplace, dry bar and storage closet. Upstairs you will find main bedroom with double closets, two additional nice size bedrooms and full bathroom with jetted tub. Finished basement contains yet another living room, office or workout space, finished laundry room and another full bathroom with stand up shower and 105 gallon jetted tub. Sliding doors off the great room leads to fenced double lot yard, paver brick patio and storage shed with new floor. Location is perfect for easy commuting to Chicago.

7. 2022-03-10
   listed $340,000 Active 950-char remark

   Show marketing remark (950 chars)

   Well maintained brick two story located in desirable Munster. So much living space in this home starting with living room that features hardwood flooring, fireplace and large window offering so much natural light. Hardwood flooring continues through to the adjoining formal dining room. Well appointed kitchen boasts of ample counter space and cabinets, new water proof laminate flooring and breakfast room. The huge great room contains another fireplace, dry bar and storage closet. Upstairs you will find main bedroom with double closets, two additional nice size bedrooms and full bathroom with jetted tub. Finished basement contains yet another living room, office or workout space, finished laundry room and another full bathroom with stand up shower and 105 gallon jetted tub. Sliding doors off the great room leads to fenced double lot yard, paver brick patio and storage shed with new floor. Location is perfect for easy commuting to Chicago.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $4,115 · $343/mo
• Projected year-2 tax: $4,115 · $343/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,676
• − Mortgage interest: −$20,446
• − Property taxes: −$4,115
• − Insurance: −$1,825
• − Repairs & maintenance: −$2,934
• − Management: −$2,934
• − Depreciation: −$10,618
• Taxable loss: −$6,196
• Est. tax savings @ 24.0%: +$1,487
• After-tax cash flow: $1,552/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: School Town Of Munster
• NCES district ID: 1807350
• Math proficiency: 65% ▼ -1.00%
• Reading proficiency: 64% ▼ -4.00%
• Median HH income: $71,901
• Composite: 56.91/100
• National rank: #1115
• State rank: #6 of 301 in IN

Livability — Munster

• Score: 81/100
• State rank: #17
• US rank: #1427

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment A+ Housing A+ Health & safety C+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Munster, IN
• County: Lake County · 422,878 people
• City population: 23,733
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 23,733
• Household income: $110,187
• Rent vs Own: 13.0% rent · 87.0% own
• Severe rent burden: 338.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 484,026 people
• By 2030: 478,091 · -1.2%
• By 2040: 462,974 · -4.3%
• By 2050: 449,894 · -7.1%
• By 2075: 436,169 · -9.9%
• By 2100: 426,607 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 14% Two or more races 8% Black 7% Asian 6%
• Hispanic origin (detail): Mexican 11% Puerto Rican 2%
• Common ancestry: Romanian 16% Iranian 4% Lithuanian 1%
• Foreign-born: 9% · Canada, South Korea, China
• Languages at home: 86% English-only · Spanish 6% Russian/Polish/Slavic 3% Other Indo-European 2%

Political lean MEDSL · Lake

• 2024 margin: Lean D (+5.6) · D 52.1% · R 46.5% · Other 1.5%
• 2008→2024 swing: -28.6pp toward R · 2008: 34.3pp · 2024: 5.6pp
• All cycles: 2024: D+5.6 2020: D+15.1 2016: D+20.6 2012: D+31.0 2008: D+34.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -213.34%
• Current HPI: 232.4818
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+7.4% since first listed

7 events — show timeline

• 2026-05-16 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-05-09 Relisted — NIRA MLS as Distributed by MLS Grid
• 2026-04-16 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-03-20 Listed $364,999 NIRA MLS as Distributed by MLS Grid
• 2022-04-19 Sold (MLS) $330,000 NIRA MLS as Distributed by MLS Grid
• 2022-03-17 Pending — NIRA MLS as Distributed by MLS Grid
• 2022-03-10 Listed $340,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+2.5%/yr

Latest (2024): $4,115 · +5.0% YoY. Source: county tax records.