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For sale by owner
  • $250,000

    853 E Walnut St, Frankfort, IN 46041

    3beds
    2,353sqft
    : 
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    MultiFamily
    Built in 1905
    -- sqft lot
    $202,500 Zestimate®
    $106/sqft
    $-- HOA

    What's special

    Unfinished basementPlenty of natural light
    Welcome to this 3-bedroom, 2-bath home offering over 2,300 square feet of space in the heart of Frankfort. Situated in a great neighborhood with sidewalks and just a short walk to Dorner Park, this home is full of opportunity for the right buyer. Inside, you’ll find a generous layout with large living spaces and plenty of natural light. The home features an unfinished basement and attic, offering ample storage or future expansion possibilities. One of the standout features is the flexibility of the upstairs—currently set up as a bedroom, but it could easily be converted back into a kitchen to create a duplex setup or finished as a true third bedroom for a single-family layout. The upstairs bathroom is functional but ready for your personal updates, making this a great opportunity to add value and make it your own. Enjoy the bonus of an all-seasons room off the back of the home, perfect for a playroom, second living area, or relaxing space year-round. Major improvements have already been completed, including a new roof in 2023 and a new furnace in 2025, giving peace of mind on big-ticket items. Outside, the 11,880 sq ft lot provides room to enjoy the outdoors, entertain, or expand your vision. Whether you’re looking for a spacious single-family home or an investment opportunity, this property offers versatility, location, and potential all in one.
    What the owner loves about this home
    What we’ve loved most about this home is how well it’s supported our family life. There’s been plenty of space to grow, play, and stay connected, and the all-seasons room became a favorite playroom full of memories. We also loved taking easy walks together to Dorner Park and being part of such a welcoming, family-friendly neighborhood.
    80 days
    |
    314
    |
    15
    |
    Listed by:

    Property Owner (765) 670-8266

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced air, Gas
      Cooling
      • Central
      Appliances
      • Included: Garbage disposal, Range / Oven
      Features
      • Flooring: Carpet, Laminate, Linoleum / Vinyl
      • Basement: Unfinished
      Interior area
      • Total interior livable area: 2,353 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Off-street
      Features
      • Exterior features: Vinyl
      • Has view: Yes
      • View description: City
      Lot
      • Size: 0.27 Acres
      Details
      • Parcel number: 121011165006000021

      Construction

      Type & style
      • Home type: MultiFamily
      Materials
      • Frame
      • Foundation: Crawl/Raised
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1905

      Community & HOA

      Location
      • Region: Frankfort

      Financial & listing details

      • Price per square foot: $106/sqft
      • Tax assessed value: $160,300
      • Annual tax amount: $2,867
      • Date on market: 4/21/2026

        Estimated market value

        $202,500

        $186,000 - $221,000

        $1,127/mo

        Price history

        DateEventPrice
        4/21/2026Listed for sale$250,000+66.7%$106/sqft
        Source: Owner Report a problem
        5/6/2023Listing removed--
        Source: Owner Report a problem
        4/7/2023Pending sale$150,000$64/sqft
        Source: Owner Report a problem
        2/6/2023Listed for sale$150,000+130.8%$64/sqft
        Source: Owner Report a problem
        7/1/2002Sold$65,000$28/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,867 -3.5%$160,300 +16.6%
        2024$2,971 +17%$137,500 +5.6%
        2023$2,538 +50.4%$130,200 +16.3%
        2022$1,687 -1.2%$112,000 +53.2%
        2021$1,707 -0.2%$73,100
        2020$1,710 +0.4%$73,100
        2019$1,704 -3.6%$73,100 +0.1%
        2018$1,768 -1.9%$73,000 -2.5%
        2017$1,802 -4%$74,900 -7.5%
        2016$1,878 +16.8%$81,000 +0.7%
        2014$1,608 $80,400
        2013$1,608 +1.8%$80,400 +1.8%
        2012$1,580 +1.4%$79,000 +1.4%
        2011$1,558 -3.2%$77,900 -3.2%
        2010$1,610 -16.6%$80,500 -16.6%
        2009$1,930 $96,500 -4.4%
        2006-- $100,900 +11.9%
        2005-- $90,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 46041

        Getting around

        56 / 100
        Somewhat Walkable
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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