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$715,000
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Property Description
MULTIPLE OFFERS RECEIVED- HIGHEST AND BEST DUE FRIDAY 6/5 AT 5PM. 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.
Full Property Details
Full Property Details for 607 Walnut St
General
- Sold For: $715,000
- Taxes: $9,863 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12658551
- Added to Site: 86 day(s) ago
Location
- Area: Lemont
- County: Cook
- Driving 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 is located at 607 Walnut Ln on the right-hand side.
Heating & Cooling
- Heating Type: Central Building Heat, Hot Water
Structural Information
- Construction: Wood
- Exterior Const.: Wood
- Stories/Levels: 2
- Year Built: 1943
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,681
- Lot Dimensions: 73 x 213
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $31,177
- Assessment Year: 1943
- Tax Amount: $9,863
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 22292020170000
Listed by eXp Realty
Sold by Realty Executives Elite
Get Pre-Approved Today
Schools
Schools serving 607 Walnut St
School Districts:Lemont-Bromberek Combined School District 113a, Lemont Township High School District 210
| Name | Grades | Distance |
|---|---|---|
Oakwood School 1130 Kim Place, Lemont, IL 60439 | PK-2 | 0.8 mi |
River Valley School 15425 East 127th Street, Lemont, IL 60439 | 3-5 | 0.9 mi |
Old Quarry Middle School 16100 West 127th Street, Lemont, IL 60439 | 6-8 | 1.3 mi |
Lemont Twp High School 800 Porter Street, Lemont, IL 60439 | 9-12 | 0.5 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 607 Walnut St
Date
Details
Price
Change
Source
7/22/2026
Sold
$715,000
-4.67%
MLS
5/26/2026
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
607 Walnut Street, Lemont, IL 60439 (MLS# 12658551) is a Commercial property that was sold at $715,000 on July 22, 2026. Want to learn more about 607 Walnut Street? Do you have questions about finding other Commercial real estate for sale in Lemont? You can browse all Lemont real estate or contact a Coldwell Banker agent to request more information.

