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19 Rimbach St
Hammond, IN 46320

$290,000 USD

Multifamily For Sale  •  3,900 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 3,900 SF
  • Year Built 1897
0 Transit Score
78 Walk Score

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
One-bedroom units average 625 SF, remain fully occupied, and benefit from strong rental demand in a walkable location.
Built in 1897 and well maintained, offering stable in-place income and reliable tenant retention.
Below-market rents create clear value-add potential through modest interior upgrades.
Rear structure offers a unique opportunity for a four-bedroom conversion, projected to achieve ~$1,600+ per month and significantly boost cash flow.

Public Transportation

Commuter RailDriveWalkDistance
Hammond Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 3 min - 1.3 mi
Hegewisch Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 5 min - 2.7 mi
AirportDriveWalkDistance
Chicago Midway International 37 min - 22.9 mi
Kathleen Nunez 773-293-5098 Kiser Group
Kathleen Nunez 773-293-5098 Kiser Group