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    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.
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    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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Frankfort, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Brick Three-Unit Building
    Brick Three-Unit Building

    25 W 21st Street, Chicago Heights, IL 60411

    $209,873

    Brick multifamily property with a basement, fenced backyard, and flexible unit configurations.

    View details
    Historic Queen Anne Triplex
    Historic Queen Anne Triplex

    51 W 21st Street, Chicago Heights, IL 60411

    $250,000

    Legal three-unit property with preserved woodwork, updated plumbing, and a reworked boiler.

    View details
    3-Unit Multifamily Building
    3-Unit Multifamily Building

    15742 Central Park Avenue, Markham, IL 60428

    $115,000
    0.91 AC lot

    Three residential units offer separate heating, with the property available to owner-occupants in as-is condition.

    View details
    Three-Unit Building on Large Lot
    Three-Unit Building on Large Lot

    15742 Central Park Avenue, Markham, IL 60428

    $115,000
    0.91 AC lot

    Three-unit building on 0.91 acres near I-57.

    View details

    Frankfort, IL Triplexes Market Trends and Statistics

    Explore 1 triplexes 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.

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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%

    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 Triplexes for Sale Near Frankfort, IL

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    Most Searched ZIP Codes in Frankfort, IL

    • 60423

    Featured Frankfort Real Estate Agencies

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