Frankfort, IL Residential income properties for sale

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

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 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.

Mixed-Use Property with Retail Storefronts

6000 W 159th Street, Oak Forest, IL 60452

Contact for pricing

7,063 sqft

Mixed-use asset with four retail storefronts, a 2-bedroom coach home, four garages, and additional yard space.

View details

Scarborough Fare Condo with Upgrades

14511 Central Court #M2, Oak Forest, IL 60452

$196,000

1,150 sqft

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

View details

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

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.

Residential Lot in Frankfort, IL

Vacant Lot W Sauk Trail, Frankfort, IL 60423

$200,000

1.71 AC lot

1.71 acre residential lot, build your dream home!

View details

Wooded Lot in Tinley Park

00 LOT 180th Street, Tinley Park, IL 60477

$44,000

1.17 AC lot

1.17 acre wooded lot in a vibrant community.

View details

Mokena Land with Development Potential

10508 W La Porte Road, Mokena, IL 60448

$699,000

5.54 AC lot

5.54 acres in Mokena with existing home and development plans.

View details

Buildable Lot in Tinley Park

7946 172nd Place, Tinley Park, IL 60477

$149,000

Residential lot in established neighborhood ready for custom construction.

View details

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

Value Estimation by Request

77.38 AC lot

View details

Land

0 Us-30, Frankfort, IL 60423

Value Estimation by Request

View details

Land

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

Value Estimation by Request

34.00 AC lot

View details

Frankfort, IL Residential Income Properties for Sale

20224 S Frankfort Square Rd, Frankfort, IL 60423

Opportunities in Nearby Cities

6000 W 159th Street, Oak Forest, IL 60452

14511 Central Court #M2, Oak Forest, IL 60452

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

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