20224 S Frankfort Square Rd Frankfort, IL 60423
For Sale
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Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 20224 S Frankfort Square Road in Frankfort, IL (the “Property”). The three-story building contains three (3) 2-Bedroom/1-Bathroom units with 2,625 square feet of gross living area. The Property is situated upon a 0.49-acre parcel with ample lawn space, as well as ample parking with three (3) off-street spaces available to the rear. 20224 S Frankfort Square Road presents an attractive multifamily investment opportunity in the desirable suburb of Frankfort, Illinois. The property is situated within the Frankfort Square community of Will County, a well-established residential area with strong demand for rental housing, quality schools, and convenient access to Chicago’s south suburban employment centers. Located minutes from Interstate 80, Interstate 57, and LaGrange Road (Route 45), the property offers excellent regional connectivity. Tenants benefit from proximity to local retail, dining, parks, and community amenities, as well as access to the Metra commuter rail network for direct service into downtown Chicago. The Frankfort Square area is also recognized for its reputable school system, further enhancing tenant appeal and longterm retention.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.