20224 S Frankfort Square Rd - Apartments FOR SALE


Frankfort, IL 60423
$555,000 USD
312-957-7189
20224 S Frankfort Square Rd, Frankfort, IL for Sale
$555,000 USD
Apartments - FOR SALE
1/5

20224 S Frankfort Square Rd
Frankfort, IL 60423


HIGHLIGHTS

  • Transportation & Connectivity
  • Area Amenities & Demand Drivers
  • Community Atmosphere
  • Separately Metered Utilities
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

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 long-term retention.

FOR SALE DETAILS

PRICE

$555,000 USD

# OF UNITS

3

PRICE/UNIT

$185,000

CAP RATE

6.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Condos At South Frankfort

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

09-13-126-016,19-09-13-126-016-1012

ASK ABOUT THIS PROPERTY

Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.