Date
Details
Price
Change
Source
4/29/2026
Listed
$449,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 501 Hobby Ave
General
- Price: $449,999
- Taxes: $7,991 (2024)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12633177
- Updated: 4/29/2026
- Added to Site: 3 day(s) ago
Interior
- Basement: Partially
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Wood-Burning
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: School Bus Service
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Attached, Garage
Location
- Area: Frankfort
- County: Will
- Township: Frankfort
- Driving Directions: W Lincoln HWY to N Locus St, North, left on Meadow Ave to home on the corner of Meadow and Hobby Ave
School Information
- School District: 157C
- Elem School District: 157C
- Midd School District: 157C
- High School District: 210
- Elementary School: Chelsea Elementary School
- Middle School: Hickory Creek Middle School
- High School: Lincoln-Way East High School
- Private School: Lincoln-Way East High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Partial
- Roof: Asphalt
- Sub-Flooring: Hardwood
- Square Feet: 1,965
- Sq. Ft. Source: Plans
- Year Built: 1968
- Built Before 1978: Yes
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 89 x 139 x 138 x 89
- Fence: Yes
- Lot Features: Mature Trees
- Fencing (Description): Fenced
Financial Considerations
- Assessment Year: 1968
- Tax Amount: $7,991
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1909211160070000
Listed by eXp Realty
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Listing agent
— 501 Hobby Ave —
eXp Realty
(708) 446-0328
NMLS#: 1598647
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Schools
Schools serving 501 Hobby Ave
School Districts:Frankfort Community Consolidated School District 157c, Lincoln Way Community High School District 210
| Name | Grades | Distance |
|---|---|---|
Grand Prairie Elementary School, Frankfort, IL 10480 Nebraska Street, Frankfort, IL 60423 | PK-2 | 1 mi |
Chelsea Elementary School 22265 South 80th Avenue, Frankfort, IL 60423 | 3-5 | 3 mi |
Hickory Creek Middle School 22150 South Owens Road, Frankfort, IL 60423 | 6-8 | 2.6 mi |
Lincoln-Way East High School 201 Colorado Avenue, Frankfort, IL 60423 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 Hobby Ave
Tax History
Tax History for 501 Hobby Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,991
7%
$116,857
12%
2023
$7,467
5%
$104,365
10%
2022
$7,134
—
$95,058
7%
2022
$7,134
10%
$88,931
3%
2020
$6,505
4%
$86,425
3%
2019
$6,280
2%
$84,112
3%
2018
$6,151
—
$81,694
2%
2017
$6,132
3%
$79,787
4%
2016
$5,966
2%
$77,051
4%
2015
$5,856
1%
$74,337
1%
2014
$5,790
1%
$73,821
-1%
2013
$5,718
-7%
$74,778
-5%
2012
$6,176
—
$78,713
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 Hobby Ave
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501 Hobby Avenue, Frankfort, IL 60423 (MLS# 12633177) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 501 Hobby Avenue is currently listed for $449,999 and was received on April 29, 2026. Want to learn more about 501 Hobby Avenue? Do you have questions about finding other Single Family real estate for sale in Frankfort? You can browse all Frankfort real estate or contact a Coldwell Banker agent to request more information.