Residential Income For Sale

15 Rimbach Street, Hammond, Indiana

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Property Description

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.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA839212
Price : $450,000
Bedrooms : 6
Rooms : 0
Bathrooms : 6
Half Bathrooms : 0
Year Built : 1890
Lot Area : 5,837 Sqft
Status : Active
Acres : 0.134
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Baseboard
Basement : Yes
Pet Policy : Call
Interior Features : Other
Appliances
Appliances : Refrigerator, Other, Gas Range, Stainless Steel Appliance(s)
Address Map
Country : US
State : IN
County : Lake
City : Hammond
Street : Rimbach
Street Number : 15
Street Suffix : Street
Postal Code : 46320
Floor Number : 0
Longitude : W88° 28' 31.9''
Latitude : N41° 37' 10''
Directions : From I-90 head north on Indianapolis Blvd. Continue for 4 miles, then turn left onto Gostlin St heading west toward downtown Hammond. Continue a few blocks, then turn right onto Hohman Ave. Turn left onto Rimbach. Property is on your right.
Subdivision : Johnsons Park 01
Township : North
MLS Addon
Office Name : Ellsbury Group
Listing Agent MLS ID : NRA19030
Listing Office MLS ID : NRA2314
Annual Tax Amount : $10,017
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential Income For Sale
  • Listing ID : NRA839212
  • Bedrooms : 6
  • Bathrooms : 6
  • Lot Area : 5,837 Sqft
$450,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent