Tucked into one of Frankfort's most sought-after locations within the Lincoln-Way East High School district, this 4-bedroom, 2-bath home offers the kind of space and comfort that feels right the moment you walk in. Hardwood floors carry through the main living areas, creating a warm and inviting setting for everyday living. The layout is both functional and flexible, featuring four generously sized bedrooms and two full baths designed to fit a variety of lifestyles. A rare sub-basement adds an entirely separate level of space-ideal for recreation, additional living, or exceptional storage-offering versatility not often found. Step outside to a fully fenced yard framed by mature trees, creating a private and peaceful setting. A brick paver patio provides the perfect space for entertaining or relaxing, surrounded by beautifully maintained landscaping and blooming flowers that bring color and charm throughout the seasons. Perfectly positioned near top-rated schools, parks, shopping, and dining, this home delivers both convenience and a strong sense of community in one of Frankfort's most desirable areas.
Closed
$430,000
501 Hobby Ave, Frankfort, IL 60423
4beds
1,965sqft
Single Family Residence
Built in 1968
-- sqft lot
$443,900 Zestimate®
$219/sqft
$3,611 Estimated rent
Home value
$443,900
$422,000 - $466,000
$3,611/mo
Zestimate® history
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$3,130/mo
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List your homeWhat's special
Four generously sized bedroomsPrivate and peaceful setting
Zillow last checked:
Listing updated:
Listed by:
Randi Quigley (708)446-0328,
eXp Realty
Bought with:
David J Cobb
RE/MAX 10
Source: MRED as distributed by MLS GRID,MLS#: 12633177
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Features: Flooring (Hardwood), Bathroom (Half)
- Level: Second
- Area: 210 Square Feet
- Dimensions: 14X15
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Second
- Area: 196 Square Feet
- Dimensions: 14X14
Bedroom 3
- Features: Flooring (Hardwood)
- Level: Second
- Area: 110 Square Feet
- Dimensions: 10X11
Bedroom 4
- Features: Flooring (Hardwood)
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13X10
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11X11
Family room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 432 Square Feet
- Dimensions: 24X18
Kitchen
- Features: Kitchen (Eating Area-Table Space), Flooring (Hardwood)
- Level: Main
- Area: 198 Square Feet
- Dimensions: 18X11
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Features
- Flooring: Hardwood
- Basement: Partially Finished,Partial
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Family Room
Interior area
- Total structure area: 0
- Total interior livable area: 1,965 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Fencing: Fenced
Lot
- Dimensions: 89x139x138x89
- Features: Mature Trees
Details
- Parcel number: 1909211160070000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Services included: None
Location
- Region: Frankfort
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $350,571
- Annual tax amount: $7,991
- Date on market: 4/29/2026
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Sold | $430,000-4.2%$219/sqft |
Source:  MRED as distributed by MLS GRID #12633177 Report a problem | ||
| 5/14/2026 | Contingent | $449,000$228/sqft |
Source: MRED as distributed by MLS GRID #12633177 Report a problem | ||
| 5/7/2026 | Price change | $449,000-0.2%$228/sqft |
Source: MRED as distributed by MLS GRID #12633177 Report a problem | ||
| 4/29/2026 | Listed for sale | $449,999$229/sqft |
Source: MRED as distributed by MLS GRID #12633177 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,991 +7% | $116,857 +12% |
| 2023 | $7,467 +4.7% | $104,365 +9.8% |
| 2022 | $7,134 +6.7% | $95,058 +6.9% |
| 2021 | $6,688 +2.8% | $88,931 +2.9% |
| 2020 | $6,505 +3.6% | $86,425 +2.7% |
| 2019 | $6,280 +2.1% | $84,112 +3% |
| 2018 | $6,151 +0.3% | $81,694 +2.4% |
| 2017 | $6,132 +2.8% | $79,787 +3.6% |
| 2016 | $5,966 +3% | $77,051 +3.7% |
| 2015 | $5,790 | $74,337 +0.7% |
| 2014 | $5,790 +1.3% | $73,821 -1.3% |
| 2013 | $5,718 -7.4% | $74,778 -5% |
| 2012 | $6,176 -0.6% | $78,713 -5% |
| 2011 | $6,214 +1.4% | $82,856 -3.5% |
| 2010 | $6,126 +3.8% | $85,861 -2.3% |
| 2009 | $5,904 +1.9% | $87,927 |
| 2008 | $5,791 | $87,927 +2.5% |
| 2007 | -- | $85,783 +7.5% |
| 2006 | $5,333 +5.3% | $79,798 +8.4% |
| 2005 | $5,066 +7% | $73,601 +8% |
| 2004 | $4,736 +2.1% | $68,149 +5.1% |
| 2003 | $4,640 +7.8% | $64,830 +6.7% |
| 2002 | $4,302 +0% | $60,778 +1.9% |
| 2001 | $4,302 +6% | $59,662 +5% |
| 2000 | $4,058 | $56,821 |
Find assessor info on the county website
Neighborhood: 60423
Nearby homes
- $340,8003 bd1 ba1.2k sqft413 Meadow Ave, Frankfort, IL 60423Off Market
- $390,7003 bd1 ba1.8k sqft515 Hobby Ave, Frankfort, IL 60423Off Market
- $457,6003 bd3 ba2.1k sqft426 Michigan Rd, Frankfort, IL 60423Off Market
- $348,0003 bd2 ba-- sqft407 Meadow Ave, Frankfort, IL 60423Sold
- $464,4005 bd3 ba1.9k sqft435 Meadow Ave, Frankfort, IL 60423Off Market
- $392,5003 bd1 ba1.8k sqft437 Hobby Ave, Frankfort, IL 60423Off Market
- $495,5005 bd3 ba3.3k sqft512 Hobby Ave, Frankfort, IL 60423Off Market
- $445,3004 bd2 ba2.6k sqft422 Michigan Rd, Frankfort, IL 60423Off Market
Nearby schools
GreatSchools rating
- NAGrand Prairie Elementary SchoolGrades: PK-2Distance: 1 mi
- 10/10Hickory Creek Middle SchoolGrades: 6-8Distance: 2.5 mi
- 8/10Lincoln-Way East High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Chelsea Elementary School
- Middle: Hickory Creek Middle School
- High: Lincoln-Way East High School
- 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
$443,900
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Estimated market value
$443,900
- Illinois
- Will County
- Frankfort
- 60423
- 501 Hobby Ave
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