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20224 S Frankfort Square Rd Frankfort, IL 60423

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For Sale
$555,000

Three-unit property in Frankfort, Illinois, near transportation and amenities.

Type:Multifamily
Property size:
2,625 SF
Lot size:
0.49 Acres
Added:
Oct 28, 2025
Days on Market:
156
Last Refresh:
Mar 17 at 1:16 pm

Property Features for 20224 S Frankfort Square Rd

General Information

Standard status
Active
Size
2,625 SF
Lot size
0.49 Acres
Property subtype
Multifamily

Building Details

Year Built
1985

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Listing Contact
Anthony Spangler

Listing agent Anthony Spangler License #IL 475173833

Listing office Horvath & Tremblay

Listing date Oct 28, 2025

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay


Overview

Frankfort Triplex Investment Opportunity

The property at 20224 S Frankfort Square Road in Frankfort, IL, presents an opportunity to acquire a multi-family investment property. This three-story building features three 2-bedroom, 1-bathroom units, totaling 2,625 square feet of gross living area. Situated on a 0.49-acre parcel, the property includes ample lawn space and three off-street parking spaces at the rear. The property is located within the Frankfort Square community of Will County, a residential area known for its demand for rental housing, schools, and access to Chicago’s south suburban employment centers. Its location provides connectivity via Interstate 80, Interstate 57, and LaGrange Road (Route 45). Residents benefit from proximity to retail, dining, parks, and community amenities, along with access to the Metra commuter rail network for service into downtown Chicago. The Frankfort Square area is also recognized for its school system, enhancing tenant appeal and retention.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Frankfort
County
Will
State
Illinois
Longitude
-87.8009068
Latitude
41.5219935

FAQs

What type of property is this?
Triplex - Three-unit property in Frankfort, Illinois, near transportation and amenities.
Where is this triplex located?
The property is located at 20224 S Frankfort Square Rd Frankfort, IL.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Desirable Frankfort, Illinois location with strong rental demand.; Convenient access to Interstates 80 and 57, and Route 45.; Proximity to Metra commuter rail for access to downtown Chicago.
More about this property
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