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    Lemont, IL Multifamily Properties for Sale

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    Homer Glen, IL Lockport, IL Romeoville, IL Orland Park, IL Bolingbrook, IL New Lenox, IL Mokena, IL Burr Ridge, IL
    Renovated 5-Unit Multifamily Property
    Updated: May 26
    Renovated 5-Unit Multifamily Property

    607 Walnut Street, Lemont, IL 60439

    $750,000
    0.36 AC lot
    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
    Shared income‑producing laundry on‑site
    Three leases expire by June 30, 2026, providing a path to align rents with market
    View details
    Renovated 5-Unit Multifamily Building
    Updated: May 25
    Renovated 5-Unit Multifamily Building

    607 Walnut Street, Lemont, IL 60439

    $750,000
    15,681 sqft
    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)
    Three leases expire by June 30, 2026, offering an opportunity to adjust rents as leases end
    Landlord pays gas, water, common electric, garbage & snow/lawn; all expenses fully documented
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Lemont, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Four-Unit Multi-Family Property
    Four-Unit Multi-Family Property

    9761 Ravinia Lane, Orland Park, IL 60462

    $849,900
    0.31 AC lot

    Fully leased four-unit building with a larger owner’s unit, finished basement, and resident parking on a quiet cul-de-sac.

    View details
    Three-Story Brick Mixed-Use Building
    Three-Story Brick Mixed-Use Building

    1016 State Street, Lockport, IL 60441

    $1,599,999
    0.08 AC lot

    Three-story brick building with four residential rentals and a storefront/office space, fully leased.

    View details
    Four-Unit Residential Income Building
    Four-Unit Residential Income Building

    9761 Ravinia Lane, Orland Park, IL 60462

    $849,900

    Fully leased four-unit building with a large owner’s unit, private parking lot, and multiple updated components.

    View details
    Downtown Lockport Investment Opportunity
    Downtown Lockport Investment Opportunity

    1016 S State St, Lockport, IL 60441

    $1,599,999

    New construction mixed-use property in prime downtown location.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

    View details
    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

    View details
    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

    View details
    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

    View details

    Off-Market Properties in Lemont, IL

    Consider similar Off-Market properties in Lemont, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    208 Main St, Unit 210
    APARTMENT HOUSE (UNDER 5 UNITS)

    208 Main St, Lemont, IL 60439-4232

    Unit 210
    $650,000
    Estimated value
    2,420 sqft 0.07 AC lot
    View details
    210 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    210 Main St, Lemont, IL 60439-4232

    $650,000
    Estimated value
    2,392 sqft 0.07 AC lot
    View details
    923 State St
    GARDEN APT, COURT APT (5+ UNITS)

    923 State St, Lemont, IL 60439

    $1,380,000
    Estimated value
    0.21 AC lot
    View details
    501 State St
    APARTMENT HOUSE (UNDER 5 UNITS)

    501 State St, Lemont, IL 60439-3829

    Value Estimation by Request
    4,156 sqft 0.15 AC lot
    View details
    304 Short St
    APARTMENT HOUSE (UNDER 5 UNITS)

    304 Short St, Lemont, IL 60439-4275

    Value Estimation by Request
    3,017 sqft 0.22 AC lot
    View details
    407 Illinois St
    APARTMENT HOUSE (UNDER 5 UNITS)

    407 Illinois St, Lemont, IL 60439-3705

    Value Estimation by Request
    1,321 sqft 0.06 AC lot
    View details
    216 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    216 Main St, Lemont, IL 60439-4668

    Value Estimation by Request
    1,800 sqft 0.05 AC lot
    View details
    220 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    220 Main St, Lemont, IL 60439-4672

    Value Estimation by Request
    5,918 sqft 0.07 AC lot
    View details
    220 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    220 Main St, Lemont, IL 60439-4672

    Value Estimation by Request
    5,918 sqft 0.07 AC lot
    View details
    317 Canal St
    APARTMENT HOUSE (UNDER 5 UNITS)

    317 Canal St, Lemont, IL 60439-3603

    Value Estimation by Request
    3,444 sqft 0.07 AC lot
    View details
    114 Stephen St
    APARTMENT HOUSE (UNDER 5 UNITS)

    114 Stephen St, Lemont, IL 60439-4299

    Value Estimation by Request
    3,340 sqft 0.05 AC lot
    View details
    332 Short St, Unit 4
    APARTMENT HOUSE (UNDER 5 UNITS)

    332 Short St, Lemont, IL 60439-4282

    Unit 4
    $530,000
    Estimated value
    3,017 sqft 0.22 AC lot
    View details
    542 Czacki St
    APARTMENT HOUSE (UNDER 5 UNITS)

    542 Czacki St, Lemont, IL 60439-5440

    Value Estimation by Request
    1,672 sqft 0.15 AC lot
    View details
    600 Czacki St
    APARTMENT HOUSE (UNDER 5 UNITS)

    600 Czacki St, Lemont, IL 60439-4063

    Value Estimation by Request
    1,938 sqft 0.18 AC lot
    View details
    215 Cass St
    APARTMENT HOUSE (UNDER 5 UNITS)

    215 Cass St, Lemont, IL 60439-4692

    Value Estimation by Request
    1,440 sqft 0.20 AC lot
    View details
    407 Grant St
    APARTMENT HOUSE (UNDER 5 UNITS)

    407 Grant St, Lemont, IL 60439-5463

    Value Estimation by Request
    3,288 sqft 0.06 AC lot
    View details
    649 1st St
    APARTMENT HOUSE (UNDER 5 UNITS)

    649 1st St, Lemont, IL 60439-4103

    Value Estimation by Request
    2,198 sqft 0.81 AC lot
    View details
    217 Illinois St
    APARTMENT HOUSE (UNDER 5 UNITS)

    217 Illinois St, Lemont, IL 60439-5400

    Value Estimation by Request
    1,518 sqft 0.03 AC lot
    View details
    927 State St
    GARDEN APT, COURT APT (5+ UNITS)

    927 State St, Lemont, IL 60439

    $1,435,000
    Estimated value
    0.21 AC lot
    View details
    16164 New Ave, Unit 4
    APARTMENT HOUSE (UNDER 5 UNITS)

    16164 New Ave, Lemont, IL 60439-3699

    Unit 4
    Value Estimation by Request
    1,920 sqft 0.21 AC lot
    View details
    207 Julia St
    APARTMENT HOUSE (UNDER 5 UNITS)

    207 Julia St, Lemont, IL 60439-4120

    Value Estimation by Request
    1,616 sqft 0.11 AC lot
    View details
    406 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    406 Main St, Lemont, IL 60439-4661

    Value Estimation by Request
    1,176 sqft 0.05 AC lot
    View details

    Lemont, IL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Lemont, IL on our real estate platform. These investment opportunities span a total of 15,681 square feet of properties for sale, with an estimated market value of $750,000.

    Sale prices for multifamily properties in Lemont, IL start at $750,000, averaging $750,000, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 24K
    Population Growth (5Y) +3.6%
    Median Household Income $132,511
    College Educated 63.4%

    High-Yield Neighborhoods for Investment

    Identify Lemont submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60439 $750K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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