Why Live in Lakeview Estates
Lakeview Estates in Frankfort is a recently developed neighborhood known for its luxurious homes and access to distinctive parks. The area features wide, meandering roads leading to custom homes with a new traditional aesthetic, characterized by brick and stone exteriors, arch and column-led entrances, and three-car garages. Homes typically offer four to five bedrooms, with high-end interiors including floor-to-ceiling windows, gas fireplaces, and hardwood flooring. The neighborhood is within Frankfort School District 157-C, with highly rated schools such as Grand Prairie Elementary, Chelsea Intermediate, Hickory Creek Middle School, and Lincoln-Way East High School, which is noted for its successful varsity football team.
Residents enjoy a variety of local amenities and things to do, including Timbers Edge Park and Lakeview Park, which offer playgrounds, picnic shelters, and fishing ponds. The nearby 60-acre Commissioners Park features a lighted sledding hill, a dog park, and a community-built play area with a splash pad. Downtown Frankfort, about 3 miles away, provides unique dining options like Fat Rosie’s Taco & Tequila Bar and Kup A Joe Café, as well as specialty shops such as Down Home Guitars and Hammar’s Mercantile. The area also hosts numerous events, including the Frankfort Bluegrass Festival and the Frankfort Fall Festival.
For commuters, Interstate 57 is accessible via Laraway Road, and the Metra commuter rail at Richton Park station is about 6 miles east. Chicago Midway International Airport is approximately 35 miles north. Emergency services are available at Franciscan Health Olympia Fields Hospital, about 9 miles northeast.
Frequently Asked Questions
Is Lakeview Estates a good place to live?
Lakeview Estates is a good place to live. Lakeview Estates is considered very car-dependent and somewhat bikeable. Lakeview Estates is a suburban neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Lakeview Estates has 7 parks for recreational activities. It is sparse in population with 2.9 people per acre and a median age of 36. The average household income is $207,321 which is above the national average. College graduates make up 62.1% of residents. A majority of residents in Lakeview Estates are home owners, with 1.8% of residents renting and 98.2% of residents owning their home. A
local real estate agent serving Lakeview Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Lakeview Estates neighborhood guide.
Is Lakeview Estates, IL a safe neighborhood?
Lakeview Estates, IL is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Lakeview Estates?
The median home price in Lakeview Estates is $599,900. If you put a 20% down payment of $120,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,110 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $133K a year to afford the median home price in Lakeview Estates. The average household income in Lakeview Estates is $207K.
What are the best public schools in Lakeview Estates?
The best public schools that serve Lakeview Estates are:
What are the best private schools in Lakeview Estates?
The best private schools that serve Lakeview Estates are:
What are the most popular zip codes in Lakeview Estates, Frankfort, IL?
What are the most popular neighborhoods near Lakeview Estates, Frankfort, IL?
Home Trends in Lakeview Estates, IL
On average, homes in Lakeview Estates, Frankfort sell after 80 days on the market compared to the national average of 70 days. The median sale price for homes in Lakeview Estates, Frankfort over the last 12 months is $550,000, up 21% from the median home sale price over the previous 12 months.
Median Sale Price
$550,000
Median Single Family Sale Price
$550,000
Average Price Per Sq Ft
$288
Number of Homes for Sale
0
Last 12 months Home Sales
10
Median List Price
$599,900
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
21%