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607 Walnut Street Lemont, IL $ 750,000
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607 Walnut Street
$ 750,000
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607 Walnut Street

Lemont, IL, 60439
$ 750,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 4,618

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Multi-Family Home for sale in Lemont, IL

for $750,000 with 3 bedrooms. This home was built in 1943 on a lot size of 0.36.

Rare 5-unit multifamily in the heart of Lemont - fully occupied and renovated in a prime location. Unit mix: 1x 2BR/1BA + 4x 1BR/1BA. Current rents $6,850/mo; market rents $7,450/mo. THREE leases expire by June 30, 2026, a clear path to bring all units to market rent and push gross income from $6,850 to $7,450/mo. Landlord covers gas, water, common electric, garbage & snow/lawn, all expenses fully documented. Shared income producing laundry. Lemont: top-rated schools, low vacancy & extremely limited multifamily supply. Exceptional risk-adjusted returns in one of Chicagoland's most desirable suburbs. Contact co-listing broker for rent roll and financials. Property is agent owned but not by primary listing agent.

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Multi-Family Active

Price

$ 750,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 9,863

Style

Lot Size

0.36

Year Built

1943

Town/City

Lemont

County/Region

Cook

MLS | Web ID

12658551
Features
General
Zoning MULTI
Construction Materials Wood
Year Built 1943
Tenant Pays Electricity
Stories Count 2
Township Lemont
Tax Year 2024
Gross Income 82200
County Cook
Net Operating Income 51355
Operating Expense 31177
Insurance Expense 3666
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2000
Possible Use Multi-Family
Status New
Directions From I-355 take the Archer Ave/IL-171 exit and head west toward Lemont. Continue on Archer Ave then turn left onto State St. Proceed into downtown Lemont then turn right onto Walnut St/Ln. Property i
City Lemont
Number Of Units Total 5
MLS Area Lemont
Lot Size Square Feet 15681
Tax Annual Amount 9863
Electric Expense 600
Fuel Expense 1772
Trash Expense 2414
Water Sewer Expense 3531
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.85
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Exterior
Lot Dimensions 73x213
Lot Size Acres 0.36
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* Excluded Features
List By
Exp Realty

Broker

michael.scanlon@exprealty.com

Email

Affordability Calculator

$5,440
Per Month
85%
15%
0%
Monthly Principal & Interest
$4,618
Monthly Property Taxes
$822
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/26/2026$750,000 Listed Price

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607 Walnut Street, Lemont, IL, 60439 is a Multi-Family Home for sale at $750,000 with a lot size of 0.36. 607 Walnut Street has 3 bedrooms, 0.0 baths, and was built in 1943. The property's zip code is 60439 which is in Lemont, IL

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