Lemont, IL 60439 607 Walnut Street
$750,000



24 more
























Presented By: eXp Realty
Home Details
MULTIPLE OFFERS RECEIVED- HIGHEST AND BEST DUE FRIDAY 6/5 AT 5PM. 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.
Presented By: eXp Realty
General for 607 Walnut Street
Additional Parcels Y/NNo
Cap Rate6.85
CityLemont
Construction MaterialsWood
CountyCook
DirectionsFrom 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 i
Electric Expense600
Fuel Expense1772
Gross Income82200
Insurance Expense3666
Lot Size Square Feet15681
MLS AreaLemont
MaintenanceExpense2000
Net Operating Income51355
Number Of Units Total5
Operating Expense31177
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount9863
Tax Year2024
Tenant PaysElectricity
TownshipLemont
Trash Expense2414
Water Sewer Expense3531
Year Built1943
ZoningMULTI
Exterior for 607 Walnut Street
Lot Dimensions73x213
Lot Size Acres0.36
Additional Details
Price History
