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    Frankfort, IL
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    Frankfort, IL Multifamily Properties for Sale

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    Matteson, IL Mokena, IL New Lenox, IL Tinley Park, IL Orland Park, IL Monee, IL Manhattan, IL Richton Park, IL
    Mixed-Use Property with Condos
    Updated: May 17
    Mixed-Use Property with Condos

    219 N White Street, Frankfort, IL 60423

    $1,850,000
    3,406 sqft
    Mixed‑use condominium property with a 3,406 SF office and 3 residential condos
    Three residential units ranging from 959 SF to 1,254 SF
    25 parking stalls plus deeded one‑car garages and assigned parking for the residences
    Office layout includes 9 private offices, conference room, kitchen, lounge, and server/storage room
    New roof installed in 2025 with oversized gutters tied underground
    View details
    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.
    View details
    See hot listings in Frankfort

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 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.

    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
    Brick Quadplex with New Roof
    Brick Quadplex with New Roof

    9830 El Cameno Lane, Orland Park, IL 60462

    $769,900
    0.05 AC lot

    Fully leased brick quadplex with balconies, patio, and assigned off-street parking.

    View details
    Penthouse Duplex with Heated Garage
    Penthouse Duplex with Heated Garage

    7805 W 157th Street #2S, Orland Park, IL 60462

    $335,000

    Spacious penthouse duplex 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

    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 2 multifamily properties for sale in Frankfort, IL on our real estate platform. These investment opportunities span a total of 6,031 square feet of properties for sale, with an estimated market value of $1,850,000.

    Sale prices for multifamily properties in Frankfort, IL average $1,850,000 — 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 $1.9M

    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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    Browse Multifamily properties for Sale Near Frankfort, IL

    Popular Searches in Frankfort, IL

    Most Searched ZIP Codes in Frankfort, IL

    • 60423

    Featured Frankfort Real Estate Agencies

    Realmo connects you with licensed Frankfort CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Village Realty
    20950 S. Frankfort Square Rd, Unit C Frankfort, IL 60423
    Phone: 17084781212
    vrsrealty.com
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