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19 Rimbach St
Hammond, IN 46320
Multifamily Property For Sale
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4 Units
Investment Highlights
- Five-unit multifamily asset in Hammond’s revitalizing downtown, featuring four one-bedroom units plus a detached rear structure on a compact 0.05-acre
- Built in 1897 and well maintained, offering stable in-place income and reliable tenant retention.
- Rear structure offers a unique opportunity for a four-bedroom conversion, projected to achieve ~$1,600+ per month and significantly boost cash flow.
- One-bedroom units average 625 SF, remain fully occupied, and benefit from strong rental demand in a walkable location.
- Below-market rents create clear value-add potential through modest interior upgrades.
Property Facts
| No. Units | 4 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 3,900 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1897 |
| Building Class | C |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,900 SF |
| No. Stories | 2 |
| Year Built | 1897 |
Property Taxes
| Parcel Number | 45-02-36-152-017.000-023 | Improvements Assessment | $62,300 |
| Land Assessment | $22,800 | Total Assessment | $85,100 |
Property Taxes
Parcel Number
45-02-36-152-017.000-023
Land Assessment
$22,800
Improvements Assessment
$62,300
Total Assessment
$85,100
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