Frankfort, IL Residential income properties for sale

Updated: Aug 21

End-Unit Residential Duplex

20344 Mackinac Point Drive, Frankfort, IL 60423

$584,000

3,596 sqft

End‑unit duplex built in 2007
3,596 square feet, including approximately 1,996 square feet above grade
Five bedrooms and three full baths, with finished English‑style basement
Basement includes office with French doors, theater/rec room, dry bar, and storage
Updated kitchen with quartz counters, island, pantry, and Samsung appliances

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Updated: Mar 15

Ranch Duplex with Study

20336 Mackinac Point Drive, Frankfort, IL 60423

$719,900

2,387 sqft

2,387‑square‑foot ranch duplex built in 2025
Two bedrooms plus a study
Primary suite has a walk‑in closet and an additional wall closet
Primary bath includes a separate shower with a seat and body sprays
Hardwood floors in the foyer, great room, study, kitchen, and hallways

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Frankfort Triplex Investment Opportunity

20224 S Frankfort Square Rd, Frankfort, IL 60423

Contact for pricing

2,625 sqft Built 1985 0.49 acres

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

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See hot listings in Frankfort

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

3 active listings match your search: Residential Income for sale in Frankfort, IL. Based on your search, we've also compiled 11 Potential Opportunities for your consideration: 4 properties in nearby cities, 3 off-market properties to explore as potential leads, and 4 land listings with development potential.

Opportunities in Nearby Cities

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

4-Unit Brick Quadplex

4202 Lindenwood Drive, Matteson, IL 60443

$799,900

4 units 1 building Built 1972 / renov 2022 brick 0.17 acres

A 2022 renovation updated the interiors with new cabinetry, appliances, countertops, and flooring.

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First Floor Condo with Garage

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

$227,000

1,100 sqft Built 1990

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

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4-Unit Brick Quadplex

4202 Lindenwood Dr, Matteson, IL 60443

$799,900

4 units 1 building Built 1972 / renov 2022 brick

Rebuilt interiors include updated cabinetry, appliances, countertops, and flooring.

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Updated Condo in 55+ Building

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

$264,000

Built 1998

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.

Residential Lot in Frankfort, IL

Vacant Lot W Sauk Trail, Frankfort, IL 60423

$200,000

1.71 acres

1.71 acre residential lot, build your dream home!

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Mokena Land with Development Potential

10508 W La Porte Road, Mokena, IL 60448

$699,000

5.54 acres

5.54 acres in Mokena with existing home and development plans.

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Mokena Land with Development Potential

10508 West La Porte Road, Mokena, IL 60448

$699,000

5 acres 2,200 sqft

Five acres with existing home and plans for nine homesites.

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Wooded Lot in Tinley Park

00 LOT 180th Street, Tinley Park, IL 60477

$44,000

1.17 acres

1.17 acre wooded lot in a vibrant community.

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Off-Market Properties in Frankfort, IL

Consider similar Off-Market properties in Frankfort, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Land

0 Fairway Lk Dr, Frankfort, IL 60423

Estimated value: by Request

77.38 AC lot

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Land

0 Us-30, Frankfort, IL 60423

Estimated value: by Request

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Land

Frankfort IL 60423 Harlem Ave & St. Francis Rd, Frankfort, IL 60423

Estimated value: by Request

34.00 AC lot

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Frankfort, IL Residential Income Properties Market Trends and Statistics

Explore 6 residential income properties for sale in Frankfort, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,608 square feet of properties for sale, with an estimated market value of $1,303,900.

Sale prices for residential investment properties in Frankfort, IL start at $584,000, averaging $651,950, and reaching up to $719,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
60423	$652K

Neighborhood

Average Price

60423

$652K

Frankfort, IL Residential Income Properties for Sale

20344 Mackinac Point Drive, Frankfort, IL 60423

20336 Mackinac Point Drive, Frankfort, IL 60423

20224 S Frankfort Square Rd, Frankfort, IL 60423