607 Walnut Street, Lemont, IL 60439
Cook County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1943
Stories
2
Lot Size
0.36 acres
Lot Dimensions
73x213
Zoning
MULTI
Days on Market
12
MLS® Listing#
12658551
Property Features
Financial Details
Annual Taxes
$9,863
Tax year 2024
Parcel Number
22292020170000
Directions
From 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 is located at 607 Walnut Ln on the right-hand side.
Affordability Calculator
$150,000
Estimated monthly payment
$3,992/mo
Principal $600,000 · Est. interest $837,053 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lemont, IL
- $695,238
- Median Listing Price
- 34
- Median Days on Market
- 2,467
- Median Sq Ft
- $294
- Median Price / Sq Ft
- 60
- Active Listings
- This home’s price is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lemont, IL.
Location
Getting Around
Points of Interest in Lemont, IL
Showing the Lemont area map.
Nearby Schools
John Paul II Polish School / Polska Szkola im Jana Pawla II
School · 0.2 mi away
Lemont High School
Secondary · 0.5 mi away
River Valley School
Elementary · 0.8 mi away
Ziburelis Lithuanian Montessori
Elementary · 1.1 mi away
Old Quarry Middle School
Secondary · 1.3 mi away
St. Alphonsus St. Patrick School
Elementary · 1.8 mi away
Mount Assisi Alumnae
School · 2.2 mi away
Leslie Shankman School
School · 2.2 mi away
The Montessori School of Lemont
Elementary · 2.2 mi away
Reed School
Elementary · 3.0 mi away
Furqaan Academy
School · 3.1 mi away
John R Tibbott Elementary School
Elementary · 3.4 mi away
Everest Academy
School · 3.4 mi away
Bernard J. Ward Elementary School
Elementary · 3.5 mi away
St Dominic School
School · 3.5 mi away
Hubert H. Humphrey Middle School
Secondary · 3.6 mi away
Midwest Christian Montessori Academy
Elementary · 3.7 mi away
Jonas E Salk Elementary School
Elementary · 3.8 mi away
Illinois Welding School
Secondary · 4.0 mi away
Valley View Community School District 365-U
Elementary · 4.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 14255 Lacey Drive, Lemont, IL | $525,000 | 3 | 3 | 2,100 |
| 1228 PRAIRIE Lane, Lemont, IL | $525,990 | 2 | 2 | 1,661 |
| 14530 131st Street, Lemont, IL | $535,000 | 2 | 2 | 1,739 |
| 1553 Ashbury Place, Lemont, IL | $549,900 | 3 | 4 | 2,134 |
| 14277 Lacey Drive, Lemont, IL | $562,000 | 3 | 3 | 2,112 |
| 11174 Tuscany Lane, Lemont, IL | $580,900 | 2 | 2 | 1,702 |
Moving Cost Estimate
EXIT Agents in Lemont
Listing Courtesy: eXp Realty - (773) 630-9205
Last Updated: 2026-05-26