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.
| Listing Id: | 12658551 |
|---|---|
| List Price: | $750,000 |
| Close Price: | $715,000 |
| Close Date: | 2026-07-22 |
| Property Type: | Commercial Sale |
| Property Type: | Multi Family 5+ |
| Status: | Closed |
| Parking On Site: | No |
| Tax Annual Amount: | $9,863 |
| Lot Size Square Feet: | 15,681 |
| City: | Lemont |
| County Or Parish: | Cook |
| Postal Code: | 60439 |
| Year Built: | 1943 |
| Total # Units In Building: | 5 |
| Basement: | false |
| Construction Materials: | Wood |
| 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. |
| Electric Expense: | $600 |
| Fuel Expense: | 1772 |
| Gross Income: | $82,200 |
| Insurance Expense: | $3,666 |
| Listing Contract Date: | 2026-06-06 |
| Lot Size Acres: | 0.36 |
| Lot Size Dimensions: | 73x213 |
| Maintenance Expense: | $2,000 |
| Manager Expense: | $5,531 |
| MLS Area Major: | Lemont |
| Approximate Age: | 7-15 Years |
| Agent Owned/Interest (Y/N): | Yes |
| Alternate Phone Number: | (630) 254-6152 |
| Built Before 1978 (Y/N): | Yes |
| Conversion (Y/N): | N |
| Electric Expense Source: | Actual |
| Total Annual Expense Source: | Actual |
| Finance Code: | Cash |
| Fuel Expense Source: | Actual |
| Gross Rent Multiplier: | 9.12 |
| Heat/Ventilation: | Central Bldg Heat, Hot Water |
| Information: | List Broker Must Accompany, 48-Hr Notice Required |
| Janitor Expense: | 0 |
| List Price Per Sf: | 0 |
| Manager Expense Source: | AC |
| Market Code: | Off-Market |
| Other Expense Source: | Actual |
| Ownership Type: | Limited Liability Corp |
| Outdoor Parking: | 6-12 Spaces |
| # Of Refrigs: | 5 |
| # Of Ranges: | 5 |
| Roof Structure: | Gable |
| Short Sale: | Not Applicable |
| Total Monthly Income: | 6850 |
| Sold Price Per Sf: | 0 |
| Type Multi Family: | Corridor-Interior Entrance |
| Update Date: | 2026-07-23T22:03:06 |
| Water Expense Source: | Actual |
| Net Operating Income: | $51,355 |
| Operating Expense: | $31,177 |
| Original List Price: | $750,000 |
| Other Expense: | $1,800 |
| Parcel Number: | 22292020170000 |
| Possible Use: | Multi-Family |
| State Or Province: | IL |
| Stories: | 2 |
| Tax Year: | 2024 |
| Tenant Pays: | Electricity |
| Township: | Lemont |
| Trash Expense: | $2,414 |
| Water Sewer Expense: | $3,531 |
| Zoning: | MULTI |
| Actual Status: | Closed |
Listing Courtesy of: eXp Realty
Listing Agent: Michael Scanlon
(773) 630-9205
Buyer Represented by: Realty Executives Elite
Selling Agent: James Chipain
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Copyright © 2026 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed.
Midwest Real Estate Data LLC data last updated on October 08, 2026 04:15 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:15 PM - CT. 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. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:15 PM - CT
