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  • $390,000

    15 Rimbach St, Hammond, IN 46320

    6beds
    --sqft
    Quadruplex
    Built in 1890
    -- sqft lot
    $390,100 Zestimate®
    $--/sqft
    $1,303 Estimated rent

    Home value

    $390,100

    $371,000 - $410,000

    $1,303/mo

    Zestimate® history
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    $1,303/mo

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    $1,303/mo

    Rent Zestimate®

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    $2,539/mo

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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Page,

    Ellsbury Group 219-200-5133,

    Tariq Suboh,

    Ellsbury Group

    Bought with:

    Non-Member Agent

    Non-Member MLS Office

    Source: NIRA as distributed by MLS GRID,MLS#: 839212MLS Logo

    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

    Price history

    DateEventPrice
    10/28/2026Sold$390,000-8.2%
    Source: NIRA as distributed by MLS GRID #839212 Report a problem
    10/28/2026Listing removed$1,000
    Source: Zillow Rentals Report a problem
    10/7/2026Listed for rent$1,000+11.1%
    Source: Zillow Rentals Report a problem
    8/15/2026Pending sale$425,000
    Source: NIRA as distributed by MLS GRID #839212 Report a problem
    6/23/2026Price change$425,000-5.6%
    Source: NIRA as distributed by MLS GRID #839212 Report a problem
    5/20/2026Listed for sale$450,000
    Source: NIRA as distributed by MLS GRID #839212 Report a problem
    3/21/2026Listing removed$900
    Source: Zillow Rentals Report a problem
    2/25/2026Listed for rent$900
    Source: Zillow Rentals Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Central Hammond

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $390,100

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $390,100