Section Image

Frankfort Square

Frankfort Square

Suburban Neighborhood in Frankfort, Illinois

Will County 60423
3.9
$384,549 Average Value
$209 Average Price per Sq Ft
11 Homes For Sale

Just northeast of Frankfort

About 30 miles south of downtown Chicago, with access to Interstates 80 and 57, Frankfort Square is about 4 miles northeast of the suburb of Frankfort. “Frankfort Square is part of Franklin, but it’s a separate entity,” says Marge Cahill, a real estate broker with @properties, with about 25 years of real estate experience. “It provides more of a collection of starter homes than what you would find in Frankfort, and the homes are a bit smaller.” The suburb of Frankfort is on many lists as one of the best suburbs south of Chicago. The attraction of Frankfort Square is the school chain that feeds into an A-plus high school.

Frankfort Squares is recognized as one of the best places to live in Illinois.
Frankfort Squares is recognized as one of the best places to live in Illinois.
Frankfort Square located in Frankfort, IL has beautiful houses with manicured lawns.
Frankfort Square located in Frankfort, IL has beautiful houses with manicured lawns.
1/2

Good school districts

Elementary schools in the Summit Hill School District 161 are split between younger students heading to schools like Frankfort Square Elementary School, with an A-minus Niche grade. Students through fourth grade have the option of attending here. Walker Intermediate School is also rated an A-minus and has a 12-to-1 student-teacher ratio. This school serves fifth and sixth graders. Summit Hill Junior High is also rated an A-minus and has almost 700 seventh and eighth graders. Lincoln-Way East High School is part of the Lincoln-Way Community High School District Number 210. The school is rated an A-plus and has a 97% graduation rate. “The fact that people can move into an affordable house and have access to a school like Lincoln-Way East is a big reason why Frankfort Square is attractive,” Cahill says.

Summit Hill Junior High School is an option for students in the Frankfort Square area.
Summit Hill Junior High School is an option for students in the Frankfort Square area.
Frankfort Square Elementary School is a highly-rated school in the community.
Frankfort Square Elementary School is a highly-rated school in the community.
1/2

Some homes under $200,000

The oldest houses in this area are from the 1970s and are priced between $230,000 and $320,000. Some condos and townhouses can be under $200,000 but have under 1,000 square feet of living space. Monthly fees range from $150 to over $200, including lawn care and snow removal. Single-family homes are primarily three to four-bedroom split-level, ranch and raised ranch styles. Some of the larger homes are around 3,000 square feet.

Split-level homes with clean-cut shrubbery are a frequent sight in Frankfort Square.
Split-level homes with clean-cut shrubbery are a frequent sight in Frankfort Square.
Within the Frankfort Square neighborhood, one can find plenty of modern farmhouses.
Within the Frankfort Square neighborhood, one can find plenty of modern farmhouses.
1/2

Recreation of all kinds

Although part of the village of Frankfort, Frankfort Square has its own independently run park district that oversees green space in the neighborhood. Frankfort Square Community Park has a fishing pier and walking trails around the large pond. There are a few pickleball courts, a playground and a picnic shelter. There are more outdoor recreation opportunities, like a splash park at Island Prairie Park that will be operational during the summer when the temperature is at least 78 degrees. There are more fishing opportunities. The park district community center is located at this park, and it’s the site for live music during the summer on most Tuesday and Thursday nights from June through August. Indian Boundary South Park is close and includes a disc golf course. The Frankfort Square Park District also owns Square Links Golf Course for those who want a more traditional round of golf. A practice center features a natural grass putting green and a practice sand bunker.

Fishing is a popular activity at Community Park in Frankfort Square.
Fishing is a popular activity at Community Park in Frankfort Square.
Community Park in Frankfort Square has Pickleball courts, a playground, a fishing pond and more.
Community Park in Frankfort Square has Pickleball courts, a playground, a fishing pond and more.
1/2

Opportunities to eat out

There are a couple of small restaurants in Frankfort Square that residents won’t have to travel too far to enjoy. My Taco is a Mexican Restaurant on Lincoln Highway in a strip mall near the intersection with 80th Avenue. It’s a small place with limited seating that gets rave reviews for its steak tacos, tamales and salsa. Pete Mitchell’s Bar & Grill, commonly known as PM’s, is a quaint watering hole that serves food. Sporting events are also on the multiple screens in the bar. Larger dining establishments in Frankfort, like the Dancing Marlin Restaurant, have steak and seafood items and a popular Sunday brunch.

My Taco Restaurant located in Frankfort Square serves delicious authentic Mexican cuisine.
My Taco Restaurant located in Frankfort Square serves delicious authentic Mexican cuisine.
Pete Mitchell's Bar & Grill located in Frankfort Square offers live music and outdoor seating.
Pete Mitchell's Bar & Grill located in Frankfort Square offers live music and outdoor seating.
1/2

Car-dependent area

Some neighborhood streets have sidewalks, but a car is needed to get to other means of transportation. It’s about a 5-mile drive to the west to get to the Mokena Metra station, where it’ll be about a 50-minute train ride into downtown Chicago. Public bus transportation can be accessed a few miles north, with the Pace suburban bus service having multiple stops along 183rd Street.

Some neighborhood streets have a nice sidewalk for the community to utilize.
Some neighborhood streets have a nice sidewalk for the community to utilize.
Nature lovers are never far from parks in Frankfort Square.
Nature lovers are never far from parks in Frankfort Square.
1/2
Jeff Stapleton
Written By
Jeff Stapleton
Trevor Stevens
Video By
Trevor Stevens

Agents Specializing in this Area

See All Agents

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Chicago Midway International

37 min drive

Reviews

Niche Reviews
3.9 12 Reviews
4.0 Niche User
11/20/2015 Niche Review
It's not as dangerous as Richton Park, but it's better. Way better. Although there may be more better areas, but this is a great place to start
5.0 Niche User
11/15/2014 Niche Review
There's lots of local and chain restaurants. If you can't find something in town, you'll find it ten minutes away in a neighboring town.
4.0 Current Resident
10/3/2019 Niche Review
I have lived in Frankfort Square my whole life, it's always been a safe neighborhood, everyone is so friendly. We have nice Community things like parks, roads, sports fields, and schools. I wish to see activities set out by the community to bring us all together, for everyone to know each other well and to see more kids outside playing.
Are you familiar with the Frankfort Square neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

1 - Low Crime, 10 - High Crime Frankfort Square US
Homicide 1 4
Sexual Assault 3 4
Assault with Weapon 2 4
Robbery 2 4
Burglary 3 4
Motor Vehicle Theft 2 4
Larceny 2 4
Crime Score 1 4

Source: WhatIsMyCrimeRisk.com

Frankfort Square Demographics and Home Trends

Housing Trends

Median List Price
$365,000
Median Sale Price
$361,900
Median Single Family Sale Price
$365,000
Median Townhouse Sale Price
$262,450
Median 2 Bedroom Sale Price
$240,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
122
Median Home Sale Price YoY Change
5%
Average Price Per Sq Ft
$209

Neighborhood Facts

Number of Homes
1,884
Number of Homes for Sale
11
Median Year Built
1991
Months of Supply
1.10
Average Single Family Home Size Sq Ft
2,353
Above the national average
1,929
Average Townhouse Size Sq Ft
1,371
Average 2 Bedroom Size Sq Ft
1,251
Median Lot Size Sq Ft
13,939

Open Houses

  • Saturday, Dec 20
    1 - 3pm

    8261 Pecan Place, Frankfort, IL 60423

    $330,000

    • 3 Beds
    • 2.5 Baths
    • 1,824 Sq Ft
    • 8261 Pecan Place
    • New 30 days ago

    Welcome to this RENTABLE pet-friendly, spacious 3-bedroom, 2.5-bath townhome located in a highly desirable community featuring a subdivision park, multiple walking trails, three scenic ponds (including one with a fountain and nighttime lighting visible from the primary suite), and two serene gazebos. A large foyer opens to an impressive two-story living room with soaring 17' ceilings,

    Karin Gustafson Advanced Real Estate LLC

    Section Image

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
10,625
Median Age
40
Population Density
5 ppl/acre
Population under 18
24.1%
On par with the national average
23.8%
Population over 65
14.4%
On par with the national average
19.1%

Finances

Median Household Income
$115,651
Significantly above the national average
$79,601
Average Household Income
$124,433

Education and Workforce

High School Graduates
96.5%
Above the national average
89%
College Graduates
35.6%
Advanced Degrees
12.2%
% Population in Labor Force
78.6%
Above the national average
64.9%

Weather

Annual Precipitation
41''
Average Winter Low Temperature
15°F
Average Summer High Temperature
84°F
Annual Snowfall
35''

Area Factors

Bikeable

Bike Score®

50 / 100

Car-Dependent

Walk Score®

39 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Frankfort Square
Maureen Trlak
New Chapter Real Estate
Section Image