Renovated 5-Unit Multifamily
607 Walnut Street Lemont, IL 60439
607 Walnut Street, Lemont, IL, 60439
$750,000
For Sale
Under Contract
$750,000
MULTI_FAMILY - Lemont, IL
Lot Size0.36 Acres
Days on Market54
Property Features for 607 Walnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1
- Standard status
- Active Under Contract
- APN
- 22292020170000
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9863
Building Details
- Year built
- 1943
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Wood
Listing Agency
eXp Realty
(888) 574-9405
939 W. North Ave., Chicago, IL
Listed by
Michael Scanlon
(888) 574-9405
Added: May 26 Checked: Jul 18 at 8:06 am
MLS# 12658551
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a rare 5-unit multifamily property with a unit mix of one 2BR/1BA and four 1BR/1BA homes. The building is described as fully occupied and renovated. A shared, income-producing laundry setup is available for residents, supporting convenient day-to-day use within the property.
The property is located in Lemont, Illinois at 607 Walnut Street. The listing notes that three leases expire by June 30, 2026, which may affect near-term resident turnover and unit-renewal planning. The seller reports current rents of $6,850 per month and “market rents” of $7,450 per month, with rent roll and financials available through the co-listing broker.
Operationally, the landlord covers gas, water, common electric, garbage, and snow/lawn, and the listing states these expenses are fully documented. For investors or owner-operators seeking a small-balance multifamily with defined operating-cost responsibilities and an existing residential layout, the property offers straightforward management supported by the documented expense structure and centralized laundry amenities.
The property is located in Lemont, Illinois at 607 Walnut Street. The listing notes that three leases expire by June 30, 2026, which may affect near-term resident turnover and unit-renewal planning. The seller reports current rents of $6,850 per month and “market rents” of $7,450 per month, with rent roll and financials available through the co-listing broker.
Operationally, the landlord covers gas, water, common electric, garbage, and snow/lawn, and the listing states these expenses are fully documented. For investors or owner-operators seeking a small-balance multifamily with defined operating-cost responsibilities and an existing residential layout, the property offers straightforward management supported by the documented expense structure and centralized laundry amenities.
Key Highlights
- Rare 5‑unit multifamily property in Lemont, fully occupied
- Unit mix: 1x 2BR/1BA and 4x 1BR/1BA
- Current rents $6,850/mo; market rents $7,450/mo
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily with renovated interiors, shared laundry, and landlord-paid utilities and services.
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: Rare 5‑unit multifamily property in Lemont, fully occupied; Unit mix: 1x 2BR/1BA and 4x 1BR/1BA; Current rents $6,850/mo; market rents $7,450/mo
