7223 W Mathews Dr Frankfort, IL 60423
Frankfort Square NeighborhoodEstimated payment $2,215/month
Highlights
- Vaulted Ceiling
- Raised Ranch Architecture
- Living Room
- Indian Trail Elementary School Rated A-
- Fireplace
- Laundry Room
About This Home
Welcome Home! This spacious 4-bedroom, 2-bath Raised Ranch offers incredible potential in a prime location-just minutes from shopping, top-rated restaurants, major highways, the train station, and the highly sought-after Lincoln-Way East High School. Bright, open living spaces with large windows that flood the home with natural light, vaulted ceilings, a cozy wood-burning fireplace and hardwood floors in the living room. While the home does need some TLC, it presents a fantastic opportunity for investors or buyers looking to personalize and update a home to their taste. Don't miss your chance to bring your vision to life in this well-located gem!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,857
Year Built
- Built in 1986
Parking
- 2 Car Garage
Home Design
- Raised Ranch Architecture
- Brick Exterior Construction
Interior Spaces
- 1,480 Sq Ft Home
- Vaulted Ceiling
- Fireplace
- Family Room
- Living Room
- Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Shared Well
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,125 | $92,474 | $21,018 | $71,456 |
| 2023 | $7,125 | $82,588 | $18,771 | $63,817 |
| 2022 | $6,857 | $75,223 | $17,097 | $58,126 |
| 2021 | $5,914 | $70,374 | $15,995 | $54,379 |
| 2020 | $5,820 | $68,390 | $15,544 | $52,846 |
| 2019 | $5,618 | $66,560 | $15,128 | $51,432 |
| 2018 | $5,407 | $64,646 | $14,693 | $49,953 |
| 2017 | $5,289 | $63,137 | $14,350 | $48,787 |
| 2016 | $5,119 | $60,972 | $13,858 | $47,114 |
| 2015 | $4,787 | $58,825 | $13,370 | $45,455 |
| 2014 | $4,787 | $58,416 | $13,277 | $45,139 |
| 2013 | $4,787 | $59,173 | $13,449 | $45,724 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Price Changed | $310,000 | 0.0% | $209 / Sq Ft |
| 08/15/2025 08/15/25 | For Sale | $310,000 | -11.4% | $209 / Sq Ft |
| 07/24/2025 07/24/25 | Pending | -- | -- | -- |
| 06/27/2025 06/27/25 | For Sale | $350,000 | +34.6% | $236 / Sq Ft |
| 01/07/2022 01/07/22 | Sold | $260,000 | -3.7% | $176 / Sq Ft |
| 11/22/2021 11/22/21 | Pending | -- | -- | -- |
| 11/18/2021 11/18/21 | For Sale | $270,000 | +27.4% | $182 / Sq Ft |
| 01/31/2020 01/31/20 | Sold | $212,000 | -3.6% | $199 / Sq Ft |
| 12/31/2019 12/31/19 | Pending | -- | -- | -- |
| 12/19/2019 12/19/19 | Price Changed | $219,900 | -2.3% | $207 / Sq Ft |
| 12/11/2019 12/11/19 | For Sale | $225,000 | -- | $212 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $260,000 | Old Republic Title | |
| Warranty Deed | $212,000 | Old Republic Title | |
| Trustee Deed | -- | Chicago Title Insurance Co | |
| Warranty Deed | $132,000 | Intercounty Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $208,160 | FHA | |
| Previous Owner | $110,000 | No Value Available | |
| Previous Owner | $104,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12393759
APN: 19-09-24-211-004
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