Active

$450,000

15 Rimbach St, Hammond, IN 46320

6beds

--sqft

Est.:

Quadruplex

Built in 1890

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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.

23 hours

92

4

Tour with a local agent

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: 5,837.04 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

Not available

Estimated sales range

Not available

$937/mo

Price history

Date	Event	Price
5/20/2026	Listed for sale	$450,000
Source: NIRA as distributed by MLS GRID #839212 Report a problem
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

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified