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Condos At South Frankfort 20224 S Frankfort Square Rd 3 Unit Apartment Building $555,000 ($185,000/Unit) 6.81% Cap Rate Frankfort, IL 60423

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price $555,000
Price Per Unit $185,000
Sale Type Investment
Cap Rate 6.81%
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.49 AC
Building Size 2,625 SF
Average Occupancy 100%
No. Stories 3
Year Built 1985
  • Listing ID: 38237253

  • Date on Market: 10/28/2025

  • Last Updated:

  • Address: 20224 S Frankfort Square Rd, Frankfort, IL 60423

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