8340 W Lincoln Hwy Frankfort, IL 60423
Frankfort Square NeighborhoodEstimated payment $4,482/month
About This Home
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, separate utilities, and washer/dryer hookups. The property has been nicely updated over the last couple of years and is move in ready, but being sold As-Is. Updated Kitchens with Stainless Appliances, Updated Baths, Flooring, Fixtures, Furnaces, Water Heaters, 2nd Floor A/C unit, Several Windows, Doors, and More. Great for Related Living or Rental Income. Note: Zoned R2. Owner is a Licensed Realtor.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,586
Year Built
- Built in 1935 | Remodeled in 2023
Parking
- 6 Parking Spaces
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Well
- Septic Tank
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 99x390x97x385
Community Details
- 3 Units
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 | $12,586 | $133,265 | $34,128 | $99,137 |
| 2022 | $11,688 | $121,382 | $31,085 | $90,297 |
| 2021 | $9,881 | $113,558 | $29,081 | $84,477 |
| 2020 | $9,876 | $110,357 | $28,261 | $82,096 |
| 2019 | $9,407 | $107,404 | $27,505 | $79,899 |
| 2018 | $9,064 | $104,316 | $26,714 | $77,602 |
| 2017 | $8,875 | $101,881 | $26,090 | $75,791 |
| 2016 | $8,603 | $98,389 | $25,196 | $73,193 |
| 2015 | $8,296 | $94,925 | $24,309 | $70,616 |
| 2014 | $8,296 | $94,265 | $24,140 | $70,125 |
| 2013 | $8,296 | $95,487 | $24,453 | $71,034 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2025 08/24/25 | For Sale | $630,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | Stewart Title | |
| Quit Claim Deed | $27,222 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $336,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12454147
APN: 19-09-23-201-040
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