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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
    Updated: Oct 28, 2025
    Frankfort Triplex Investment Opportunity

    20224 S Frankfort Square Rd, Frankfort, IL 60423

    $555,000
    2,625 sqft · 0.49 AC lot
    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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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
    Prime Corner Lot Opportunity

    18301 Oak Park Avenue, Tinley Park, IL 60477

    $350,000
    0.70 AC lot

    Versatile commercial lot near Expo Center and Amphitheater.

    View details
    Scarborough Fare Condo with Upgrades
    Scarborough Fare Condo with Upgrades

    14511 Central Court #M2, Oak Forest, IL 60452

    $196,000
    1,150 sqft

    Updated 2-bedroom condo with modern amenities and convenient location.

    View details
    Updated Condo in 55+ Building
    Updated Condo in 55+ Building

    6320 Pine Ridge Drive #1B, Tinley Park, IL 60477

    $264,000

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

    View details
    Reynolds Lane Apartment Building
    Reynolds Lane Apartment Building

    15700 Reynolds Lane, Oak Forest, IL 60452

    $850,000

    Six-unit apartment building in Oak Forest, Illinois.

    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
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

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    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

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    Recreational Land Bordering National Forest
    Recreational Land Bordering National Forest

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    RV recreational lot bordering Manistee National Forest.

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    Frankfort, IL Multifamily Properties Market Trends and Statistics

    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

    Commercial property segments ranked by active listings on the market

    Triplexes 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    60423 $555K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Will County

    New Delisted

    Property Size Breakdown

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

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