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Franklin Park Home for Sale

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    $175,000

    • 3 Beds
    • 2 Baths
    • 2,096 Sq Ft

    4013 S Milan Rd, Springfield, IL 62703

    Spacious 3 bedroom, 2 bath home in Franklin Park offering far more living space than expected. The main level features an additional family room, while the finished basement adds another flexible living area perfect for entertaining, a home office, or guest space. Enjoy a large fenced-in backyard ideal for gatherings, pets, or future outdoor plans, plus the convenience of an attached garage. A

    JAMI WINCHESTER The Real Estate Group, Inc.

    4013 S Milan Rd, Springfield, IL 62703

Why Live in Franklin Park

Franklin Park is a suburb on Springfield’s southeast side, offering a secluded atmosphere with a central park and active neighborhood association. Barker Park serves as a local green space with a playground and courts for basketball and pickleball, primarily used by residents. The association organizes events like the annual Fall Festival and maintains a neighborhood watch and an active Facebook page for community interaction. Homes in Franklin Park date from the 1970s to the 1990s, with ranch styles being the most common, alongside some bi-level and two-story properties. Streets are wide, lined with mature trees and feature well-maintained lawns and cul-de-sacs with basketball hoops. Franklin Park is less than a mile from Lake Springfield, home to community centers such as the Firefighters Lake Club and the Springfield Motor Boat Club, which offer dining options, boat slips and swimming areas. The University of Illinois Springfield is about 2 miles away, with a walking path for pedestrians and cyclists. While there are no retail shops within the neighborhood, grocery stores like Walmart and Aldi are less than a mile away, and the dining options and employers in downtown are about 4 miles away.

Frequently Asked Questions

Is Franklin Park a good place to live?
Franklin Park is a good place to live. Franklin Park is considered very car-dependent and somewhat bikeable with some transit options. Franklin Park is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Franklin Park has 3 parks for recreational activities. It is somewhat dense in population with 10.7 people per acre and a median age of 27. The average household income is $85,443 which is below the national average. College graduates make up 46.5% of residents. A majority of residents in Franklin Park are home owners, with 29.3% of residents renting and 70.7% of residents owning their home. A local real estate agent serving Franklin Park can help you decide if this neighborhood is the right one for you. Learn more on our Franklin Park neighborhood guide.
Is Franklin Park, IL a safe neighborhood?
Franklin Park, IL is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Franklin Park?
The median home price in Franklin Park is $207,500. If you put a 20% down payment of $41,500 and had a 30-year fixed mortgage with an interest rate of 6.11%, your estimated principal and interest payment would be $1,010 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $43K a year to afford the median home price in Franklin Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Franklin Park is $85K.
What are the best public schools in Franklin Park?
The best public schools that serve Franklin Park are:
What are the best private schools in Franklin Park?
The best private schools that serve Franklin Park are:
What are the most popular zip codes in Franklin Park, Springfield, IL?
The most popular zip codes in Franklin Park, Springfield, IL include 62703, 62712, 62711, 62704 and 62563.
What are the most popular neighborhoods near Franklin Park, Springfield, IL?
The most popular neighborhoods near Franklin Park, Springfield, IL are Bunn Park, Harvard Park, Springfield Lake Shore, Iles Park and C Lee Carey Neighborhood Association.

Home Trends in Franklin Park, IL

Housing Trends

Median Sale Price
$206,000
Median Single Family Sale Price
$206,000
Average Price Per Sq Ft
$120
Number of Homes for Sale
1
Last 12 months Home Sales
17
Months of Supply
0.70
Median List Price
$207,500
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
1%
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