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Frankfort Square Multifamily Home for Sale

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    $599,000

    • 7 Beds
    • 3 Baths

    8340 W Lincoln Hwy, Frankfort, IL 60423

    Wonderful Opportunity for a Rarely Available 3 unit in Frankfort, on just under an Acre of land. Property features spacious 1st floor and 2nd floor 3 bedroom units, and a cozy 1 bedroom unit on the 1st floor. The first floor 3 bedroom unit has access to the full unfinished basement, with plenty of room for storage, also a walkout basement. All units have separate front and back entrances,

    Denise Perkins Infiniti Properties, Inc.

    8340 W Lincoln Hwy, Frankfort, IL 60423

Why Live in Frankfort Square

Frankfort Square, located about 30 miles south of downtown Chicago and 4 miles northeast of Frankfort, is known for its collection of starter homes and smaller residences compared to its neighboring suburb. The area is served by highly rated schools, including Frankfort Square Elementary School, Walker Intermediate School, Summit Hill Junior High, and Lincoln-Way East High School, which boasts a 97% graduation rate. Homes in Frankfort Square range from 1970s-built single-family houses to condos and townhouses, with styles including split-level, ranch, and raised ranch. The neighborhood features its own park district, managing green spaces like Frankfort Square Community Park, which offers a fishing pier, walking trails, pickleball courts, and a playground. Island Prairie Park includes a splash park and hosts live music during summer evenings, while Indian Boundary South Park has a disc golf course. For golf enthusiasts, Square Links Golf Course provides a traditional golfing experience with a practice center. Dining options in Frankfort Square include My Taco, known for its steak tacos and tamales, and Pete Mitchell’s Bar & Grill, a local spot for food and sports. Larger dining venues are available in nearby Frankfort. Although some streets have sidewalks, a car is necessary for most transportation needs, with the Mokena Metra station about 5 miles away for a 50-minute train ride to downtown Chicago. Public bus services are accessible a few miles north via the Pace suburban bus service.

Home Trends in Frankfort Square, IL

Housing Trends

Median Sale Price
$364,950
Median Single Family Sale Price
$364,900
Median Townhouse Sale Price
$303,000
Median 2 Bedroom Sale Price
$242,450
Median 1 Bedroom Sale Price
$235,000
Average Price Per Sq Ft
$206
Number of Homes for Sale
19
Last 12 months Home Sales
120
Months of Supply
1.90
Median List Price
$362,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%
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