607 Walnut St Lemont, IL 60439
Southeast Lemont NeighborhoodEstimated payment $4,803/month
Highlights
- Central Heating
- Hot Water Heating System
- Wood Siding
- River Valley School Rated A-
About This Home
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.
Listing Agent
eXp Realty Brokerage Phone: (773) 630-9205 License #475188240 Listed on: 05/26/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,863
Year Built
- Built in 1943
Lot Details
- 15,681 Sq Ft Lot
- Lot Dimensions are 73x213
Parking
- 6 to 12 Parking Spaces
Home Design
- Gable Roof Shape
- Wood Siding
Interior Spaces
- 2-Story Property
Utilities
- Central Heating
- Hot Water Heating System
Listing and Financial Details
- The owner pays for trash collection, management, water, gas
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $600
- Fuel Expense $1,772
- Insurance Expense $3,666
- Maintenance Expense $2,000
- Manager Expense $5,531
- Other Expense $1,800
- Trash Expense $2,414
- Water Sewer Expense $3,531
- Operating Expense $31,177
- Gross Income $82,200
- Net Operating Income $51,355
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/26/2026 05/26/26 | For Sale | $750,000 | +83.4% | -- | |
| 02/12/2021 02/12/21 | Sold | $409,000 | +4.9% | $146 / Sq Ft | View Prior Sale |
| 01/16/2021 01/16/21 | For Sale | $389,900 | -4.7% | $139 / Sq Ft | |
| 01/15/2021 01/15/21 | Pending | -- | -- | -- | |
| 01/14/2021 01/14/21 | Off Market | $409,000 | -- | -- | |
| 01/11/2021 01/11/21 | For Sale | $389,900 | -- | $139 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12658551
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.