Listing provided courtesy of Ellsbury GroupNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 839212
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Request Info15 Rimbach StreetHammond, IN 46320
Multi-Family · 6 Beds · 6 Full Baths · 0.13 Acres$425,000
Active
15 Rimbach Street Overview
- Time on Site:
- 40 days
- Visits:
- 0
We are pleased to present a compelling 6-unit multifamily investment opportunity in the established Hammond, Indiana rental market. This unique asset features a desirable unit mix of six 1-bedroom / 1-bath apartments, comprised of a 4-unit main building and a separate 2-unit coach house--offering an attractive layout for both operational flexibility and tenant appeal. The property benefits from strong demand for affordable, well-located rental housing in Northwest Indiana, making it an ideal opportunity for both seasoned investors and owner-operators seeking stable cash flow with long-term upside. Conveniently located near major highways, retail corridors, employment centers, and commuter access to Chicago, the property is well-positioned to attract and retain tenants. This is an excellent opportunity to acquire a multi unit asset with immediate income potential and future upside through continued operational optimization and rental growth.
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15 Rimbach Street Facts & Features
- Type Multi-Family
- Lot 0.13 Acres
Details
General
Income/Expenses
- Gross Scheduled Income: 65168
Building Information
- New Construction: false
- Year Built: 1890
Location/Region
- County Or Parish: Lake
- Subdivision Name: Drackerts Add 02
- Township: North
Tax Information
- Tax Annual Amount: 10017
- Tax Assessed Value: 432000
- Tax Year: 2025
General Information
- Listing Terms: Cash,Other,Conventional
- Parcel Number: 450236152016000023
- Pets Allowed: Call
- Property Sub Type: Quadruplex
- Property Type: Residential Income
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 2
- Garage: true
Beds/Baths
- Bathrooms Full: 6
- Bathrooms Total: 6
- Bedrooms Total: 6
Building Interior
- Above Grade Finished Area: 3196
General Information
- Appliances: Gas Range,Stainless Steel Appliance(s),Refrigerator,Other
- Fireplace: false
- Heating: Baseboard
- Interior Features: Other
- Levels: Two
- Living Area Source: Assessor
Exterior
Lot Information
- Lot Features: Other,Near Public Transit
- Lot Size Acres: 0.134
- Lot Size Source: Assessor
- Lot Size Square Feet: 5837
- Water Source: Public
Waterfront/View
- View: Neighborhood
- Waterfront: false
General Information
- Sewer: Public Sewer
- Utilities: Electricity Connected,Water Connected,Sewer Connected,Natural Gas Connected
15 Rimbach Street Neighborhood
Community
46320 (HAMMOND) Demographics
34
Median Age
1,555
Population Density (per sq. mile)
17%
College Educated
$30,786
Estimated Median Income
2,153
Estimated Total Home Owners
2,959
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.15 Rimbach Street Monthly Cost
15 Rimbach Street Market Data
Based on the last 30 days in this zip code
$221,996
Average List Price
$135
Average Price per Square Foot
5
Properties Sold
94
Average Days on Market
26
Properties for Sale
15 Rimbach Street History
| Date | Value | Agent |
|---|---|---|
| 6/23/2026Source: Northwest Indiana MLS | $425,000 -5.6% |
|
| 5/20/2026Source: Northwest Indiana MLS | May 20, 2026 |