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  • $590,000

    500 Lincoln Ln, Frankfort, IL 60423

    9beds
    --sqft
    Multi Family
    Built in 1976
    -- sqft lot
    $694,600 Zestimate®
    $--/sqft
    $2,246 Estimated rent

    Home value

    $694,600

    $639,000 - $757,000

    $2,246/mo

    Zestimate® history
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    $3,561/mo

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    What's special

    Solid brickSoap stone countersMature treesSpacious bedroomsLarge bedroomHuge backyard spaceCustom kitchen cabinets
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lauren Wronowski 815-603-8504,

    Village Realty, Inc.

    Bought with:

    Megan Johnson

    Mission Realty, PLLC

    Source: MRED as distributed by MLS GRID,MLS#: 11957352MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 5
    • Full bathrooms: 6
    Rooms
    • Room types: Kitchen, Utility Room-Lower Level
    Heating
    • Steam, Baseboard, Radiant, Indv Controls
    Features
    • Basement: Partially Finished,Full

    Property

    Parking
    • Total spaces: 10
    • Parking features: On Site, Garage Owned, Detached, Unassigned, Owned, Garage
    • Garage spaces: 2
    Features
    • Patio & porch: Patio
    Lot
    • Size: 0.35 Acres
    Details
    • Additional structures: Garage(s)
    • Parcel number: 1909211170130000
    • Special conditions: None
    • Other equipment: Water-Softener Owned, TV-Cable, Ceiling Fan(s), Sump Pump

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1976

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Shared Well

    Community & HOA

    Community
    • Features: Sidewalks, Street Lights, Street Paved
    Location
    • Region: Frankfort

    Financial & listing details

    • Tax assessed value: $435,138
    • Annual tax amount: $12,310
    • Date on market: 1/8/2024
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/7/2024Sold$590,000-4.1%
    Source: MRED as distributed by MLS GRID #11957352 Report a problem
    1/24/2024Contingent$615,000
    Source: MRED as distributed by MLS GRID #11957352 Report a problem
    1/8/2024Listed for sale$615,000+33.7%
    Source: MRED as distributed by MLS GRID #11957352 Report a problem
    10/27/2020Sold$460,000+1.1%
    Source: MRED as distributed by MLS GRID #10828556 Report a problem
    11/4/2004Sold$455,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$11,492 -6.2%$145,046
    2023$12,257 -0.4%$145,046
    2022$12,310 +5.7%$145,046 +6.9%
    2021$11,646 +2.4%$135,696 +2.9%
    2020$11,373 +3.2%$131,871 +2.8%
    2019$11,024 +1.6%$128,341 +3%
    2018$10,846 +4.2%$124,652 +2.4%
    2017$10,407 +8.1%$121,742 +3.6%
    2016$9,626 -23.8%$117,568 +3.6%
    2015$12,637 $113,428 -23.4%
    2014$12,637 +1.4%$148,109 -1.3%
    2013$12,464 -0.8%$150,029 -5%
    2012$12,564 -0.5%$157,925 -5%
    2011$12,632 +1.5%$166,237 -3.7%
    2010$12,447 $172,590
    Find assessor info on the county website

    Neighborhood: 60423

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 157C

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $694,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $694,600