19653 S Edinburgh Lane

For Sale

19653 S Edinburgh Lane, Frankfort, IL 60423

This Frankfort property for sale is located at 19653 S Edinburgh Lane. The current listed sale price for 19653 S Edinburgh Lane is $1,600,000. 19653 S Edinburgh Lane is situated on a lot that is 0.62 acre in size.

Contacts

broker
Jimmy Donahue

Essex Realty Group

Property Details

  • Property Type Multi-Family
  • Property Size 8,244 SF
  • Units 6
  • Lot Size 0.62 Acre
  • Additional Rent Contact for pricing
  • Year Built 2011
  • Date Updated Jan 8, 2025
Frankfort, IL is located approximately 37 miles southwest of downtown Chicago, offering convenient access via I-80, U.S. Route 45, and a nearby Metra stop in neighboring Mokena, which provides a direct rail connection to downtown Chicago. The village’s downtown area features a variety of local shops, restaurants, and essential services, making it a central hub for residents. The Frankfort Park District manages several parks and recreational facilities, including Main Park and the Old Plank Road Trail, offering walking paths, sports fields, and a range of community programs. The village is served by Summit Hill School District 161 and Lincoln-Way Community High School District 210, both of which provide comprehensive academic and extracurricular programs. For higher education, nearby institutions such as Joliet Junior College and Governors State University offer additional learning opportunities.Essex Realty Group, Inc. is pleased to exclusively market for sale 19653 S Edinburgh Lane, Frankfort, IL. This six-unit (6) apartment building, built in 2011, is located in the desirable suburb of Frankfort, Illinois in Will County. The property features a unit mix of six (6) 2Bd/2Ba apartments, each with condo-quality finishes throughout. Every unit is equipped with in-unit washers and dryers, individual hot water tanks, and furnaces. Additional amenities include a passenger elevator, one garage and one surface parking spot for each unit, private storage units, and a recreational room in the basement area offering tenants modern, low-maintenance living. 19653 S Edinburgh offers a potential buyer a true turn-key investment with immediate cash flow. Additionally, there is significant upside potential through market rent adjustments, which could increase monthly rental income by nearly 15%. Situated near major transportation routes and the amenities of Frankfort, 19653 S Edinburgh Lane offers investors a stable asset with substantial growth potential.
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Highlights

  • Modern Building: Built In 2011 With Condo-Quality Finishes Throughout All Six (6) 2Bd/2Ba Units
  • Tenant Amenities: Elevator, In-Unit Laundry, Garage Parking, Individual Utilities, and Private Storage For Each Unit
  • Turn-Key Investment: 100% Occupied With No Needed Capital Expenditures, Offering Immediate Cash Flow
  • Strong Rental Market: Steady Rent Growth, Growing Rental Demand, And Low Vacancy Rates
  • Below Market Rents: Opportunity To Increase Monthly Income By Up To 15% By Raising Rents To Market Levels

Getting around

  • 43/100

    Walk Score ®

  • 39/100

    Bike Score ®

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Location

  • City Frankfort, IL
  • Neighborhood Frankfort Square
  • Zip Code 60423
  • Market Chicago

Points of Interest

  • Tinley Park

    3.07 miles

  • Mokena

    4.87 miles

  • 211th Street (Lincoln Highway)

    5.20 miles

  • Flossmoor

    5.94 miles

  • University Park

    6.17 miles

  • Homewood

    6.77 miles

  • 153rd Street (Orland Park)

    6.80 miles

  • Calumet

    7.29 miles

  • Midlothian

    7.70 miles

  • 143rd Street (Orland Park)

    7.72 miles

  • Speedway

    0.11 miles

  • Gas n Wash

    0.34 miles

  • Gas N' Wash

    2.19 miles

  • Mobil

    3.03 miles

  • BP

    3.07 miles

  • Shell

    3.13 miles

  • Tesla Supercharger

    5.20 miles

  • Southland College Prep Parking Lot

    4.74 miles

  • George W. Dunne National Driving Range

    4.76 miles

  • Matteson Metra Station Lot #1

    5.19 miles

  • Matteson Metra Station Lot #2

    5.31 miles

  • Strip Mall Parking Lot

    5.83 miles

  • Catalina Grove Family Picnic Area

    5.92 miles

  • Petro Truck Stops - Extended Parking

    7.47 miles

  • Hap Bruno Field

    7.97 miles

  • Pace Homewood Park & Ride

    8.45 miles

  • Pace Harvey Park & Ride

    9.44 miles

  • Woodsprings Suites

    1.44 miles

  • EVEN Hotels

    1.54 miles

  • Fairfield Inn & Suites

    1.59 miles

  • Hampton Inn & Suites

    1.63 miles

  • Wingate

    1.67 miles

  • Sleep Inn

    1.68 miles

  • Comfort Inn & Suites

    1.68 miles

  • La Quinta Inn

    1.73 miles

  • Holiday Inn

    1.75 miles

  • Super 8 Mokena

    2.99 miles

  • Target

    0.93 miles

  • TJ Maxx

    1.06 miles

  • Ross

    1.10 miles

  • Kohl's

    1.25 miles

  • Brookhaven Market

    3.08 miles

  • ALDI

    3.13 miles

  • Jewel-Osco

    3.26 miles

  • Mariano's Fresh Market

    3.28 miles

  • Burlington

    3.41 miles

  • Marshalls

    3.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Jimmy Donahue

Essex Realty Group