About 15 Rimbach Street
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.
Features of 15 Rimbach Street
| MLS® # | 839212 |
|---|---|
| Price | $425,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Acres | 0.13 |
| Year Built | 1890 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Pending |
Community Information
| Address | 15 Rimbach Street |
|---|---|
| Subdivision | Drackerts Add 02 |
| City | Hammond |
| County | Lake |
| State | IN |
| Zip Code | 46320 |
Amenities
| Utilities | Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Gas Range, Stainless Steel Appliance(s), Refrigerator, Other |
| Heating | Baseboard |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Lot Description | Other, Near Public Transit |
|---|
Additional Information
| Date Listed | May 20th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Andrew Page |
|---|---|
| Office | Ellsbury Group |