Closed

$615,000

500 Lincoln Lane, Frankfort, IL 60423
9 Beds6 Baths15 days
500 Lincoln Lane·Frankfort, IL 60423
9Bedrooms
6Bathrooms
1976Year Built
About This Home

Don't miss this rare opportunity to own income property in Frankfort! This solid brick, well maintained four flat is the investment you have been looking for. Three of the units have two spacious bedrooms, one full bathroom, a living room and an eat-in kitchen. The fourth has three bedrooms and two full bathrooms. This unit has custom kitchen cabinets, stainless steel appliances, glass tile backsplash, soap stone counters and wood laminate flooring through out. Each unit has two wall air conditioning units, along with access to the shared coin-laundry room and a 5x4 storage closet. The full basement is equipped with a kitchenette, full bathroom, a large bedroom and a private laundry room. Huge backyard space with mature trees, a paver patio and a shared grill. There are 8 unassigned parking spaces and a 2.5 car garage. 75 gallon water heater for all units installed in 2019. Brand new boiler installed in 2023. Minutes from Downtown Frankfort, shopping, dining, and excellent schools. Schedule your appointment today!

MLS# 11957352Listed January 7, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms6
Total Rooms19

Size & Structure

Garage Spaces2
Year Built1976
Lot Size0.350 acres

Location

CountyWill
TownshipFrankfort
Zip Code60423

Financial

List Price$615,000
Annual Taxes (2022)$12,310
Monthly Tax Est.$1,026
Parcel #1909211170130000
Interior Features

Heating

SteamBaseboardRadiantIndv Controls

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick

Roof

Asphalt

Foundation

Concrete Perimeter

Patio & Porch

Patio
Utilities & Parking

Sewer

Public Sewer

Water Source

Shared Well

Parking

On SiteGarage OwnedDetachedUnassignedOwnedGarage
HOA & Community

Community Features

SidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$12,310
Tax Year 2022
Monthly Tax Est.
$1,026
per month
Property Location

500 Lincoln Lane, Frankfort, IL 60423Will County

$615,000
500 Lincoln Lane
9 bd6 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
15 days on market
2-car garage
0.350 acres
$12,310/yr taxes
$4,258
estimated monthly payment
Principal & Interest
$3,232/mo
Property Tax
$1,026/mo
$615,000
20% — $123,000
3%50%
6.875%
3%12%
Loan Amount
$492,000
Down Payment
$123,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Village Realty, Inc.
Agent: Lauren Wronowski
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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