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$750,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 17 hours ago
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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 for 607 Walnut St

General

  • Price: $750,000
  • HOA FEE: $2,000
  • Taxes: $9,863 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12658551
  • Updated: 5/27/2026
  • Added to Site: 3 day(s) ago

Location

  • Area: Lemont
  • County: Cook
  • Township: Lemont
  • 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

Utilities

  • Trash: 2414

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

  • Maint. Fee: $2,000
  • Insurance Fee: $3,666
  • Operating Expenses: $31,177
  • Other Fee: $1,800
  • Assessment Year: 1943
  • Tax Amount: $9,863
  • Tax Year: 2024
  • Tenant Pays: Electricity
  • Pays Electric: 600
  • Pays Trash: 2414

Disclosures and Reports

  • Property ID: 22292020170000

Listed by eXp Realty

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Listing agents

— 607 Walnut St —

  • eXp Realty

  • eXp Realty

(773) 630-9205

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 607 Walnut St

School Districts:Lemont-Bromberek Combined School District 113a, Lemont Township High School District 210
NameGradesDistance
Oakwood School
1130 Kim Place, Lemont, IL 60439
PK-20.8 mi
River Valley School
15425 East 127th Street, Lemont, IL 60439
3-50.9 mi
Old Quarry Middle School
16100 West 127th Street, Lemont, IL 60439
6-81.3 mi
Lemont Twp High School
800 Porter Street, Lemont, IL 60439
9-120.5 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/26/2026
Listed
$750,000
83.37%
MLS
2/10/2021
Sold
$409,000
—
Public Record
Get Price Alerts and Save Property
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 for 607 Walnut St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$576
—
$2,774
—
2023
$576
-11%
$2,773
4%
2022
$646
3%
$2,662
—
2021
$626
-1%
$2,662
—
2020
$633
12%
$2,662
9%
2019
$564
2%
$2,440
—
2018
$555
1%
$2,440
—
2017
$547
16%
$2,440
22%
2016
$471
-2%
$1,997
—
2015
$479
2%
$1,997
3%
2014
$471
7%
$1,945
—
2013
$442
3%
$1,945
—
2012
$429
—
$1,945
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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607 Walnut Street, Lemont, IL 60439 (MLS# 12658551) is a Commercial property. 607 Walnut Street is currently listed for $750,000 and was received on May 26, 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.

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