Commercial $ 750,000

607 Walnut Street

Lemont, IL 60439

  • 0.36 Lot Size
  • 1943 Year Built
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 laundry (income producing). No HOA. Lemont: top-rated schools, low vacancy & extremely limited multifamily supply. Exceptional risk-adjusted returns in one of Chicagoland's most desirable suburbs. Contact listing broker for rent roll and financials.
Listed by Michael Scanlon of eXp Realty

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Multi Family 5+

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID 12658551

    Year Built 1943

    Annual Tax Amount $9,863

    Tax Year 2024

    Lot Size 0.360 Acres

    Lot Dimensions 73x213

    Property Sub-Type Multi Family 5+

  • Location

    State IL

    County Cook

    Zoning MULTI

  • Building

    Structure Type Wood

  • Interior

    Fireplace N

  • Exterior

    View Y/N true

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CONTACT

Michael Scanlon
Michael Scanlon

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