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$209,000 Just Listed
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Property Description
Rare value-add multifamily opportunity in Hammond's Hessville neighborhood! This oversized brick 3-unit property offers approximately 4,150 SF with spacious unit layouts, original architectural charm, and a detached 3-car brick garage. Property is currently vacant with renovations already started, giving investors the ability to finish improvements and set market rents from day one. Potential upside includes adding bedrooms or converting the unfinished walk-up loft into an additional unit (subject to approvals). Conveniently located near major highways, commuter routes, and downtown Hammond developments.
Full Property Details
Full Property Details for 46 Ruth St
General
- Price: $209,000
- Taxes: $5,844 (2024)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 839109
- Updated: 5/18/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: None
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: Driveway, Detached
Location
- County: Lake
- Township: North
- Subdivision: Homewood Add
- Driving Directions: 80-94 to Calumet Ave North. Left at 165th St then a right onto Hohman. Left onto Ruth. Property on the left
Heating & Cooling
- Heating Type: None
Structural Information
- Year Built: 1909
Lot Features
- Lot Size (Acres): 0.1791
- Lot Size (Sq. Ft.): 7,800
- Lot Features: Back Yard
Financial Considerations
- Tax Amount: $5,844
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: HOMEWOOD ADD. L.55 BL.5 ALL L.56 BL.5 W. 15 FT. L.57 BL.5
- Property ID: 450601151009000023
Listed by Ellsbury Group
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Schools
Schools serving 46 Ruth St
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Kenwood Elementary School, Hammond, IN 6416 Hohman Avenue, Hammond, IN 46324 | PK-5 | 0.7 mi |
Henry W Eggers Elem/Md School 5825 Blaine Ave, Hammond, IN 46320 | 6-8 | 0.3 mi |
Hammond High School 5926 Calumet Avenue, Hammond, IN 46320 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 46 Ruth St
Date
Details
Price
Change
Source
5/18/2026
Listed
$209,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 46 Ruth St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,762
—
$295,200
12%
2024
$5,762
-42%
$264,400
26%
2023
$10,004
27%
$209,300
6%
2022
$7,880
3%
$198,100
24%
2020
$7,618
92%
$159,500
6%
2019
$3,964
—
$150,500
7%
2019
$3,964
—
$140,800
9%
2018
$3,971
-4%
$128,700
10%
2017
$4,145
—
$117,400
4%
2017
$4,145
20%
$113,000
—
2016
$3,451
6%
$113,500
—
2015
$3,248
-43%
$113,500
-6%
2013
$5,665
2%
$121,300
1%
2012
$5,543
—
$119,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 46 Ruth St
46 Ruth Street, Hammond, IN 46320 (MLS# 839109) is a Multi-Family property with units containing 4 bedrooms and 3 full bathrooms. 46 Ruth Street is currently listed for $209,000 and was received on May 18, 2026. Want to learn more about 46 Ruth Street? Do you have questions about finding other Multi-Family real estate for sale in Hammond? You can browse all Hammond real estate or contact a Coldwell Banker agent to request more information.

