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.
Pending
Price cut: $25K (6/23)
$425,000
15 Rimbach St, Hammond, IN 46320
6beds
--sqft
Quadruplex
Built in 1890
-- sqft lot
$398,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 123 days
- 29
- 0
Zillow last checked:
Listing updated:
Listed by:
Andrew Page,
Ellsbury Group 219-200-5133,
Tariq Suboh,
Ellsbury Group
Source: NIRA as distributed by MLS GRID,MLS#: 839212
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard
Appliances
- Included: Stainless Steel Appliance(s), Refrigerator, Other
Features
- Other
- Basement: Unfinished
- Has fireplace: No
Interior area
- Finished area above ground: 3,196
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 5,837 Square Feet
- Features: Other, Near Public Transit
Details
- Parcel number: 450236152016000023
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Community & HOA
Community
- Subdivision: Drackerts Add 02
Location
- Region: Hammond
Financial & listing details
- Tax assessed value: $432,000
- Annual tax amount: $10,017
- Date on market: 5/20/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Other,Conventional
Estimated market value
$398,600
$379,000 - $419,000
$1,448/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2026 | Pending sale | $425,000 |
Source: | ||
| 6/23/2026 | Price change | $425,000-5.6% |
Source: | ||
| 5/20/2026 | Listed for sale | $450,000 |
Source: | ||
| 3/21/2026 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 2/25/2026 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








