Residential Land in Frankfort,
0 W Fairway Lakes Dr, Monee, IL 60449
- Added:
- Apr 28, 2026
- Days on Market:
- 31
- Last Refresh:
- May 28 at 1:06 pm
Property Features for 0 W Fairway Lakes Dr
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- 100
- Parking features
- Garage
- Standard status
- Active
- APN
- 18-13-22-400-004-0000, 18-13-22-400-005-
- Lot size
- 77.38 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12562
Building Details
- Architectural style
- Other
Listing agent Randolph Taylor (630) 474-6441
Listing office eXp Commercial 50 South Main St, Naperville, IL (630) 474-6441
Listing date Apr 28, 2026
MLS# 11736232
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Significant speed‑to‑market advantage due to existing infrastructure and assigned PINs.
- Located in a high‑demand 'Seller's Market' (Frankfort 60423) with exceptional market velocity and a median home price of $640,000.
- Strategic location near the $20‑billion Joliet Technology Center.
- Zoned R‑2 Residential Single Family.
- Aggressive equity spread with a land acquisition cost of approximately $91,666 per lot.
- Positioned as a welcomed addition to the township's land‑use plan.
Overview
This 77.38-acre partially developed residential community, Fairway Lakes Estates, is located in Frankfort. The property features 60 single-family lots. The site offers a speed-to-market advantage over raw agricultural land, with rough grading, partially established internal paved roadways, and 60 individual PINs already assigned by Will County. This existing infrastructure represents previous capital investment, allowing a developer to bypass the typical multi-year "greenfield" entitlement and preparation phase. As of March 2026, Frankfort is a "Seller's Markets," with a median home price of $640,000. Market velocity is exceptional, with homes averaging just 26 days on the market. This demand is driven by a chronic regional inventory crisis and a demographic profile with median household incomes exceeding $128,000, ensuring high absorption rates for upscale custom estate builds. Future demand is anchored by the March 2026 approval of the $20-billion Joliet Technology Center, expected to create 10,000 construction jobs and 700 permanent high-paying executive positions. The property is positioned as a strategic "residential buffer" following the March 31, 2026, recommendation to deny a 6,100-acre industrial solar project in Green Garden Township. Local municipal goals now favor orderly, low-density residential communities, making this 60-lot project a welcomed addition to the township's land-use plan. The property is currently zoned R-2 Residential Single Family. Adjoining finished lots are currently valued between $179,000 and $182,000, and end-product custom homes in this submarket frequently exceed the $850,000 to $1M mark.
Location Intelligence
Current Use by Public Records
Residential land & home ...
Map
- City
- Monee
- County
- Will
- State
- Illinois
- Longitude
- -87.7808
- Latitude
- 41.4121
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Partially developed residential community with significant speed-to-market advantage.
Where is this residential land & home lot located?
The property is located at 0 W Fairway Lakes Dr Monee, IL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Significant speed‑to‑market advantage due to existing infrastructure and assigned PINs.; Located in a high‑demand 'Seller's Market' (Frankfort 60423) with exceptional market velocity and a median home price of $640,000.; Strategic location near the $20‑billion Joliet Technology Center.
