Frankfort, IL Residential income properties for sale

Frankfort Triplex Investment Opportunity

$555,000

2,625 SF

Frankfort Triplex Investment Opportunity

20224 S Frankfort Square Rd, Frankfort, IL 60423

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

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.

Updated: Oct 28, 2025

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Frankfort, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, 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.

$350,000

0.70 Acres

Prime Corner Lot Opportunity

Versatile commercial lot near Expo Center and Amphitheater.

18301 Oak Park Avenue, Tinley Park, IL 60477

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$196,000

1,150 SF

Scarborough Fare Condo with Upgrades

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

14511 Central Court #M2, Oak Forest, IL 60452

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$264,000

Updated Condo in 55+ Building

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

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

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$850,000

Reynolds Lane Apartment Building

Six-unit apartment building in Oak Forest, Illinois.

15700 Reynolds Lane, Oak Forest, IL 60452

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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.

$200,000

1.71 Acres

Residential Lot in Frankfort, IL

1.71 acre residential lot, build your dream home!

Vacant Lot W Sauk Trail, Frankfort, IL 60423

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$44,000

1.17 Acres

Wooded Lot in Tinley Park

1.17 acre wooded lot in a vibrant community.

00 LOT 180th Street, Tinley Park, IL 60477

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$699,000

5.54 Acres

Mokena Land with Development Potential

5.54 acres in Mokena with existing home and development plans.

10508 W La Porte Road, Mokena, IL 60448

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$149,000

Buildable Lot in Tinley Park

Residential lot in established neighborhood ready for custom construction.

7946 172nd Place, Tinley Park, IL 60477

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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

Lot: 77.38 Acres

Value Estimation by Request

Fairway Lk Dr

0 Fairway Lk Dr, Frankfort, IL 60423

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Land

Value Estimation by Request

Us-30

0 Us-30, Frankfort, IL 60423

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Frankfort IL 60423 Harlem Ave & St. Francis Rd

Land

Lot: 34.00 Acres

Value Estimation by Request

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

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Frankfort, IL Residential Income Properties Market Trends and Statistics

Explore 4 residential income 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 residential income 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.

Neighborhood	Average Price
60423	$555K

Neighborhood

Average Price

60423

$555K

Frankfort, IL Residential Income Properties for Sale

20224 S Frankfort Square Rd, Frankfort, IL 60423

Opportunities in Nearby Cities

18301 Oak Park Avenue, Tinley Park, IL 60477

14511 Central Court #M2, Oak Forest, IL 60452

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

15700 Reynolds Lane, Oak Forest, IL 60452