7348 W Stuenkel Rd Frankfort, IL 60423
Estimated payment $7,255/month
About This Lot
Excellent land investment just minutes from the full interchange of I-57 and Stuenkel Rd. Annexed into Frankfort and currently zoned Agricultural this property is reflected on the Comprehensive Plan for the Village of Frankfort as future residential development. The property is situated 1.8 miles west of the full interchange at Stuenkel Rd and I-57 allowing for excellent access to Chicago, Interstate 80 and the southwest suburbs. LaGrange Road (Rt 45) is situated approximately 4.5 miles west of the property and Harlem Avenue is less than a mile east of the property, allowing for easy access to schools, shopping and historic downtown Frankfort. This land opportunity is an excellent strategic purchase for future development opportunities. One single family home exists on the farm and is rented to a long term tenant who would prefer to remain under a lease with a new owner. The tillable land is leased thru 2025 to a local farmer.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,284
Lot Details
- Current uses include agriculture, residential single
- Potential uses include agriculture, equine, residential single
Horse Facilities and Amenities
- Horses Allowed On Property
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 |
|---|---|---|---|---|
| 2023 | $3,284 | $50,609 | $24,485 | $26,124 |
| 2022 | $2,962 | $45,947 | $22,129 | $23,818 |
| 2021 | $2,867 | $42,785 | $20,511 | $22,274 |
| 2020 | $2,856 | $41,770 | $19,945 | $21,825 |
| 2019 | $2,952 | $41,100 | $19,553 | $21,547 |
| 2018 | $3,080 | $40,225 | $19,067 | $21,158 |
| 2017 | $3,012 | $39,177 | $18,503 | $20,674 |
| 2016 | $3,019 | $39,080 | $18,406 | $20,674 |
| 2015 | $2,909 | $37,916 | $17,795 | $20,121 |
| 2014 | $2,909 | $37,151 | $17,391 | $19,760 |
| 2013 | $2,909 | $37,128 | $17,368 | $19,760 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 06/03/2025 06/03/25 | Price Changed | $1,275,000 | +183.3% | -- |
| 05/27/2025 05/27/25 | For Sale | $450,000 | -64.0% | $352 / Sq Ft |
| 10/29/2024 10/29/24 | For Sale | $1,250,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Warranty Deed | -- | Attorney | |
| Deed | $127,605 | Cti | |
| Warranty Deed | $107,000 | None Available |
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