Renovated 5-Unit Multifamily
607 Walnut Street Lemont, IL 60439
607 Walnut Street, Lemont, IL, 60439
$750,000
For Sale
$750,000
Five fully occupied units offer a mix of 2BR/1BA and 1BR/1BA homes with shared laundry on site.
Property Size15,681 SF
Price / SF$47.83
Days on Market59
Property Features for 607 Walnut Street
General Information
- Standard status
- Active
- Size
- 15,681 SF
- Property subtype
- Multi Family 5+ / Corridor-Interior Entrance
Building Details
- Year Built
- 1943
Listing agency
eXp Realty
(773) 630-9205
Listed by
Michael Scanlon · License #475188240
(773) 630-9205
Source
Compass
Added: May 25 Updated: Jul 21 at 11:31PM Checked: Jul 21 at 11:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Rare 5-unit multifamily property at 607 Walnut Street in Lemont. The building is fully occupied and was renovated, with a unit mix of one 2BR/1BA unit and four 1BR/1BA units. Shared laundry is available and generates additional income. There is no HOA.
Current in-place rents are $6,850 per month, with market rents noted at $7,450 per month. Three of the leases expire by June 30, 2026, creating a documented opportunity to adjust rents as those units turnover.
The landlord covers gas, water, common electric, garbage, and snow/lawn, with all expenses described as fully documented. For complete lease terms and financials, contact the listing broker for the rent roll.
Current in-place rents are $6,850 per month, with market rents noted at $7,450 per month. Three of the leases expire by June 30, 2026, creating a documented opportunity to adjust rents as those units turnover.
The landlord covers gas, water, common electric, garbage, and snow/lawn, with all expenses described as fully documented. For complete lease terms and financials, contact the listing broker for the rent roll.
Key Highlights
- 5‑unit multifamily built in 1943 with a mix of 1x 2BR/1BA and 4x 1BR/1BA units
- All units are fully occupied; shared on‑site laundry that produces income
- Current rents total $6,850/mo; market rents total $7,450/mo (per provided figures)
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five fully occupied units offer a mix of 2BR/1BA and 1BR/1BA homes with shared laundry on site.
Where is this apartment building located?
The property is located at 607 Walnut Street Lemont, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5‑unit multifamily built in 1943 with a mix of 1x 2BR/1BA and 4x 1BR/1BA units; All units are fully occupied; shared on‑site laundry that produces income; Current rents total $6,850/mo; market rents total $7,450/mo (per provided figures)
