15 Rimbach St

Hammond, IN 46320

$450,000
Price
6
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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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...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.
  1. Listed by Andrew Page • Ellsbury Group
    P: (630)-418-3093 C: (630)-418-3093 andypage201@yahoo.com
  2. Listed by Tariq Suboh • Ellsbury Group
    P: (219)-805-5200 C: (219)-805-5200 Tariq@EllsburyGroup.com

Property Details for 15 Rimbach Street

Subdivision
Drackerts Add 02
Garage # of Cars
2
Pets Allowed
Call
OriginalListPrice
$450,000.00
NRA_DelayedMarketingYN
No
NRA_ExemptionYN
No
SpecialListingConditions
None
NRA_AuctionYN
No
LISTING UPDATED: 05/20/2026 06:02 PM

Property Details for 15 Rimbach Street

StatusActive
MLS #839212
Days on Market19
Taxes$10,017 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1890
Lot Size0.13 AC / 5,837 SF
CountyLake County
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Location

Listing Courtesy of Ellsbury Group
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Building Information for 15 Rimbach Street

Stories-Residences4Year Built1890Building Size-Lot Size0.13 AC / 5,837 SF

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$3,077 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,242

Property Taxes

$835

HOA Dues

$0

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Property Information for 15 Rimbach Street

Summary
Location and General Information
  • 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.
  • City/Town: Hammond
  • State: IN
  • Township: North
  • ZIP: 46320
  • Latitude: 41.62
  • Longitude: -87.52
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $10,017.00
  • APN/Key #: 450236152016000023
  • Tax Year: 2025
  • Tax Legal Description: DRACKERTS 2ND. ADD. W. 7 FT. 2 IN. L.25 ALL L.26
Property
Lot Information
  • Lot Square Footage: 5,837.00
  • Square Footage Source: Assessor
  • Acres: .13
  • LotSizeSource: Assessor
  • WaterfrontYN: No
  • AboveGradeFinishedArea: 3196.0
  • View: Neighborhood
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Year Built: 1890
  • Lot Description: Other, Near Public Transit
  • NewConstructionYN: No
  • GarageYN: Yes
Utilities
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • WaterSource: Public
Interior and Exterior Features
Exterior Features
  • Levels: Two
Interior Features
  • Appliances: Gas Range, Stainless Steel Appliance(s), Refrigerator, Other
  • Basement Type: Unfinished
  • Basement: Yes
  • Total Full Baths: 6
  • Total Baths: 6
  • Bedrooms: 6
  • Cooling: Individual Units
  • Heat Type: Baseboard
  • Interior Features: Other
  • FireplaceYN: No
Multi Family
Multi-Family Information
  • # of Units: 4
Rental
Rental Information
  • TenantPays: Other, See Remarks
  • OwnerPays: Other, See Remarks

Property History for 15 Rimbach Street

DateEvent & SourcePriceAppreciation
May 20, 2026

Listed (Active)

Northwest Indiana REALTORS® Association #839212

$450,000—
Mar 31, 2023

Sold (Public Record)

Public Record #1533498453

$430,000—
DateEvent & SourcePrice
05/20/2026

Listed (Active)

Northwest Indiana REALTORS® Association #839212

$450,000
03/31/2023

Sold (Public Record)

Public Record #1533498453

$430,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 15 Rimbach Street

Taxable ValueLand$31,000Additions$384,200Total$415,200
Tax Record2024$4,155 ($346 / month)
Home Facts
Total Finished SqFt2,250 SqFtAbove Grade Finished SqFt2,250 SqFtStories3Lot Size5,837 SqFtStyleMulti-Family Res (5+ Units)Year Built1890Year Renovated2000CountyLAKEAPN45-02-36-152-016.000-023

Schools near 15 Rimbach Street

This home is within School City Of Hammond.
Rating
School
Type
Grades
Distance
Henry W Eggers Elementary/Middle School
Public - 7 to 8
Hammond High School
Public - 9 to 12
George Rogers Clark Middle/High School
Public - 6 to 12
Donald E Gavit Mdl/High School
Public - 6 to 12
Rating
School
Distance
Henry W Eggers Elementary/Middle School
Public7 to 8

Hammond High School
Public9 to 12

George Rogers Clark Middle/High School
Public6 to 12

Donald E Gavit Mdl/High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 15 Rimbach Street, Hammond, IN 46320

15 Rimbach Street is a multi-family home for sale in Hammond, IN 46320. This property was listed for sale on May 20, 2026 by Ellsbury Group, it's currently listed at $450,000. It has been on the market for a total of 19 days and was last sold on March 31, 2023. This listing's school district is School City Of Hammond. Nearby schools include Henry W Eggers Elementary/Middle School, Hammond High School and George Rogers Clark Middle/High School. 15 Rimbach Street is a 6-bed, 6-bath, multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ellsbury Group

Based on information submitted to the MLS GRID as of 05/20/2026 06:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.