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    Frankfort Triplex Investment Opportunity
    Updated: Oct 28, 2025
    Frankfort Triplex Investment Opportunity

    20224 S Frankfort Square Rd, Frankfort, IL 60423

    Contact for pricing
    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 a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Frankfort, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Mixed-Use Building With Terrace
    Mixed-Use Building With Terrace

    2626 FLOSSMOOR Road, Flossmoor, IL 60422

    $698,000
    0.14 AC lot

    Ground-floor commercial space accompanies two residential units with separate building systems and shared on-site parking.

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    Mixed-Use Retail Building
    Mixed-Use Retail Building

    2626 Flossmoor Rd, Flossmoor, IL 60422

    Contact for pricing
    6,250 sqft

    6,250 SF mixed-use building with 3 units and B-2 zoning.

    View details
    First Floor Condo with Garage
    First Floor Condo with Garage

    17960 Royal Oak Court #1N, Tinley Park, IL 60477

    $227,000
    1,100 sqft

    Two-bedroom condo with garage, in-unit laundry, and updated features.

    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.

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    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.

    View details

    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.

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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%

    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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