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    Frankfort, IL Multifamily Properties for Sale

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    Mokena, IL New Lenox, IL Matteson, IL
    Frankfort Triplex Investment Opportunity
    $555,000
    2,625 SF

    Frankfort Triplex Investment Opportunity

    20224 S Frankfort Square Rd, Frankfort, IL 60423

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

    • 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.
    • Reputable school system enhances tenant appeal.
    • Three spacious 2‑Bedroom/1‑Bathroom units.
    Updated: Oct 28, 2025
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Frankfort, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Prime Corner Lot Opportunity
    $350,000
    0.70 Acres

    Prime Corner Lot Opportunity

    Versatile commercial lot near Expo Center and Amphitheater.

    18301 Oak Park Avenue, Tinley Park, IL 60477
    View details
    Reynolds Lane Multifamily Investment Opportunity
    $850,000
    2,943 SF

    Reynolds Lane Multifamily Investment Opportunity

    Six-unit apartment building in desirable Oak Forest location.

    15700 Reynolds Lane, Oak Forest, IL 60452
    View details
    Updated Condo in 55+ Building
    $264,000

    Updated Condo in 55+ Building

    Move-in ready, updated 2-bedroom, 2-bath condo in Tinley Park.

    6320 Pine Ridge Drive #1B, Tinley Park, IL 60477
    View details
    Reynolds Lane Apartment Building
    $850,000

    Reynolds Lane Apartment Building

    Six-unit apartment building in Oak Forest, Illinois.

    15700 Reynolds Lane, Oak Forest, IL 60452
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
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    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres

    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877
    View details
    Recreational Land in Gated Community
    $44,000
    0.75 Acres

    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622
    View details

    Frankfort, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 1 multifamily properties for sale in Frankfort, IL on our real estate platform. These investment opportunities span a total of 2,625 square feet of properties for sale, with an estimated market value of $555,000.

    Sale prices for multifamily properties in Frankfort, IL start at $555,000, averaging $555,000, and reaching up to $555,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Triplexes 1

    Property Size Breakdown

    The majority of commercial real estate listings in Frankfort fall within the 50,000 to 100,000 square foot range.

    Demographics Overview

    Population 33K
    Population Growth (5Y) +6.1%
    Median Household Income $137,651
    College Educated 67.6%

    High-Yield Neighborhoods for Strategic Investment

    Identify Frankfort submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    60423 $555K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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