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500 Lincoln Lane, Frankfort, IL 60423
$590,000
500 Lincoln Lane, Frankfort, IL 60423View this property at 500 Lincoln Lane, Frankfort, IL 60423
500 Lincoln LaneFrankfortIL60423
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Property Description
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!
Full Property Details
Full Property Details for 500 Lincoln Ln
General
- Sold For: $590,000
- Taxes: $12,310 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11957352
- Added to Site: 110 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 9
Additional Information
- Equipment: Water Softener (Owned), Cable TV, Ceiling Fan(s), Sump Pump
- Other Features: School Bus Service, Interstate Access
Exterior
- Exterior Features: Patio, Brick Paver Patio
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 2
- Total Spaces: 10
- Parking Features: Unassigned
- Parking Type: Garage, Space(s)
- Parking On-Site: Yes
Location
- Area: Frankfort
- County: Will
- Driving Directions: Route 30 - Locust (North) - Meadow (West) - Hobby (South) - Lincoln (West) - Building
School Information
- School District: 157C
- Midd School District: 157C
Heating & Cooling
- Heating Type: Steam, Baseboard, Radiant, Individual Controls
Utilities
- Water: Community Well
Structural Information
- Exterior Const.: Brick
- Basement Desc.: Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Year Built: 1976
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size (Acres): 0.35
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 15121
Financial Considerations
- Assessment Year: 1976
- Tax Amount: $12,310
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1909211170130000
Listed by Village Realty, Inc.
Sold by Mission Realty, PLLC
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Schools
Schools serving 500 Lincoln Ln
School Districts:Frankfort School District 157c, Lincoln Way Community High School District 210
Rating | Name | Grades | Distance |
---|---|---|---|
Grand Prairie Elementary School, Frankfort, IL
10480 Nebraska St, Frankfort, IL 60423 | PK-2 | 0.8 mi | |
22265 S 80th Ave, Frankfort, IL 60423 | 3-5 | 3.1 mi | |
22150 S Owens Rd, Frankfort, IL 60423 | 6-8 | 2.4 mi | |
201 Colorado Ave, Frankfort, IL 60423 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 500 Lincoln Ln
Date
Details
Price
Change
Source
3/07/2024
Sold
$590,000
-4.07%
MLS
1/07/2024
Listed
$615,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
500 Lincoln Lane, Frankfort, IL 60423 (MLS# 11957352) is a Multi-Family property that was sold at $590,000 on March 07, 2024. Want to learn more about 500 Lincoln Lane? Do you have questions about finding other Multi-Family real estate for sale in Frankfort? You can browse all Frankfort real estate or contact a Coldwell Banker agent to request more information.