607 Walnut St

Lemont, IL 60439

$750,000
Price
6
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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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...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.
  1. Listed by Michael Scanlon • eXp Realty
    P: (773)-630-9205 michael.scanlon@exprealty.com
  2. Listed by Kyle Miller • eXp Realty
    P: (888)-574-9405 C: (630) 254-125 kyle.miller@exprealty.com

Property Details for 607 Walnut Street

Area
Lemont
Township
Lemont
Zoning
MULTI
LISTING UPDATED: 06/04/2026 08:53 PM

Property Details for 607 Walnut Street

StatusActive
MLS #12658551
Days on Market12
Taxes$9,863 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1943
Lot Size0.36 AC / 15,681 SF
CountyCook County
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Location

Listing Courtesy of eXp Realty
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Building Information for 607 Walnut Street

Stories2Residences5Year Built1943Building Size-Lot Size0.36 AC / 15,681 SF

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$4,559 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,737

Property Taxes

$822

HOA Dues

$0

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Property Information for 607 Walnut Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Owner
  • Owner Pays: Trash Collection, Management, Water, Gas
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat,Hot Water
  • # Of Refrigerators: 5
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 7-15 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 73x213
  • Lot Size Square Feet: 15681.0
  • Stories: 2
  • Exterior Building Type: Wood
  • Construction: Wood
  • Roof Structure: Gable
  • # Of Ranges: 5
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 29
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $1,772.00
  • Gross Income: $82,200.00
  • Insurance Expense: $3,666.00
  • Maintenance Expense: $2,000.00
  • Manager Expense: $5,531.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Other Expense Source: Actual
  • Total Monthly Income: 6850
  • Water Expense Source: Actual
  • Net Operating Income: $51,355.00
  • Operating Expense: $31,177.00
  • Other Expense: $1,800.00
  • Trash Expense: $2,414.00
  • Water Sewer Expense: $3,531.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 607 Walnut Street

DateEvent & SourcePriceAppreciation
May 26, 2026

Listed (Active)

MRED #12658551

$750,000—
Feb 12, 2021

Sold

MRED #10967747

$409,000—
Jan 16, 2021

Listed (Active)

MRED #10967747

$389,900—
DateEvent & SourcePrice
05/26/2026

Listed (Active)

MRED #12658551

$750,000
02/12/2021

Sold

MRED #10967747

$409,000
01/16/2021

Listed (Active)

MRED #10967747

$389,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 607 Walnut Street

Taxable ValueLand$2,774Additions-Total$2,774
Tax Record2023$576 ($48 / month)
Home Facts
Beds0Lot Size4,438 SqFtStyleMiscellaneous Vacant LandCountyCOOKAPN22-29-202-019

Schools near 607 Walnut Street

This home is within Lemont Twp Hsd 210 School District.
Rating
School
Type
Grades
Distance
Oakwood School
Public - PK to 1
River Valley School
Public - 2 to 3
Old Quarry Middle School
Public - 6 to 8
Lemont Twp High School
Public - 9 to 12
Rating
School
Distance
Oakwood School
PublicPK to 1

River Valley School
Public2 to 3

Old Quarry Middle School
Public6 to 8

Lemont Twp High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 607 Walnut Street, Lemont, IL 60439

607 Walnut Street is a multi-family home for sale in Lemont, IL 60439. This property was listed for sale on May 26, 2026 by eXp Realty, it's currently listed at $750,000. It has been on the market for a total of 12 days and was last sold on February 12, 2021. This listing's school districts are Lemont-Bromberek Community School District 113a, Lemont Twp Hsd 210 School District. Nearby schools include Oakwood School, River Valley School and Old Quarry Middle School. 607 Walnut Street is a 6-bed, 5-bath, multi-family home built in 1943.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/04/2026 08:53 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.