Frankfort · Will County · IL
Homes for sale in
Frankfort Square.
- Active listings
- 3
- Median list
- $375K
- Avg time on market
- 60 days
- Sold · last year
- 10
Active listings
3 homes on the market
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About the community
A large, established, amenity-rich subdivision in the Frankfort area.
Frankfort Square is a large, established residential subdivision in the Frankfort area of Will County, roughly 45 miles south of downtown Chicago, west of Harlem Avenue and north of Lincoln Highway (Route 30). It straddles two jurisdictions, part inside the Village of Frankfort and part in unincorporated Frankfort Township. Developed primarily from the early 1970s into the early 1990s, it is one of the older and larger platted subdivisions in the area, with Frankfort Square Elementary opening in 1973 and the Frankfort Square Park District incorporated in 1974. The result today is a mature, tree-lined, owner-occupied community rather than a new-construction development.
At a glance
Established 1970s and 1980s homes
Mostly single-family homes built from about 1972 into the early 1990s, commonly 1,000 to 1,700 sq ft, plus sections of townhomes and condos.
Award-winning park district
The Frankfort Square Park District won the National Recreation and Park Association Gold Medal in 2007, with 27 parks across more than 500 acres.
Square Links Golf Course
A district-owned 9-hole course with a Toptracer driving range, an 18-hole natural-grass putting course, and short-game practice areas.
Summit Hill and Lincoln-Way schools
Served by Summit Hill District 161 for elementary and junior high and Lincoln-Way District 210 for high school. Confirm the assigned schools by address.
Splash park and winter recreation
A summer splash park for young children, plus outdoor ice rinks, a lighted sledding hill, a dog park, a skate park, and disc golf.
Value versus newer Frankfort
A median sale price in the mid-$300,000s sits well below Frankfort's newer, pricier subdivisions.
What’s close
Frankfort Square sits west of Harlem Avenue and north of Route 30 in the Frankfort area, with I-80 and I-355 within easy reach.
- Amenities on-site
- The Frankfort Square Park District's 27 parks, trails, splash park, dog park, skate park, disc golf, ice rinks, and the Square Links golf course.
- Schools
- Summit Hill District 161 for elementary and junior high and Lincoln-Way District 210 for high school, with Lincoln-Way East the high school most often tied to the area. Confirm by address.
- Shopping
- Everyday retail along LaGrange Road (Route 45) and Route 30, with historic downtown Frankfort a short drive away.
- Hospital
- Silver Cross Hospital, a full-service hospital in nearby New Lenox off Route 6 near I-355.
- Train
- Metra SouthWest Service stations in the area (Hickory Creek in Mokena and the New Lenox area) offer a park-and-ride option into Union Station.
- Highway
- I-80 to the south, LaGrange Road (Route 45) and Route 30 as main arterials, and I-355 to the west.
What it’s actually like to live here
Frankfort Square offers a lot of house and a lot of recreation for the money, which is its core appeal. Homes here were built for families in the 1970s and 1980s, so lots are generous, streets are mature and shaded, and the price of entry sits well below Frankfort's newer subdivisions. The standout is the Frankfort Square Park District, a Gold Medal system with 27 parks, more than 500 acres, miles of connected paths, a splash park, dog park, skate park, disc golf, winter ice rinks and a sledding hill, and its own Square Links golf course with a Toptracer range.
Schools anchor the decision for most buyers. The area feeds Summit Hill District 161 for the elementary and junior-high years and Lincoln-Way District 210 for high school, both of which carry strong local reputations. Commuters get I-80, Route 30, LaGrange Road, and I-355 within easy reach, plus Metra SouthWest Service stations nearby for a rail option into Chicago, and Silver Cross Hospital in New Lenox is close for healthcare.
The honest tradeoffs are home age, taxes, and the lack of a single HOA. These are older homes, so buyers should budget for updated kitchens, baths, roofs, and mechanicals, and square footage on the smaller plans is modest by today's standards. Will County effective rates run in the high-2 percent range, which can surprise buyers even when the purchase price looks affordable. The neighborhood is not a gated, single-HOA community, so architectural rules vary block to block, and the townhouse and condo pockets carry their own dues while most detached homes do not.
The questions buyers actually ask
Frankfort Square FAQ
The questions I get most from buyers shopping Frankfort Square. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- There is no single blanket HOA over the whole neighborhood. Most detached single-family homes are not in a mandatory HOA, while the townhouse and condominium sections have their own associations with monthly dues (recent listings show roughly $139 to $225). The parks, trails, pools, golf, and recreation are provided by the Frankfort Square Park District and funded through property taxes, not an HOA.
- What are property taxes like?
- Roughly $6,400 – $9,000 per year, depending on home size and value. Will County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- What's the typical closing timeline?
- 30 to 60 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 60.
- Is Frankfort Square in the Village of Frankfort or unincorporated?
- Both. The subdivision straddles the incorporated Village of Frankfort and unincorporated Frankfort Township, so taxing bodies and some services can differ by address. Confirm the jurisdiction of a specific home before assuming Village services apply.
- Does Frankfort Square have an HOA?
- There is no single blanket HOA over the whole neighborhood. Most detached single-family homes are not in a mandatory HOA, while the townhouse and condominium sections have their own associations with monthly dues (roughly $139 to $225 in recent listings). The parks and recreation are provided by the Frankfort Square Park District and paid for through property taxes.
- What schools will my kids attend?
- The area is served by Summit Hill School District 161 for elementary and junior high and Lincoln-Way Community High School District 210 for high school, with Lincoln-Way East the high school most often associated with the area. Exact building assignments depend on your street and can change, so verify with both districts before you buy.
- How old are the homes and how big are they?
- Most were built between about 1972 and the early 1990s. Floor plans range from roughly 900 sq ft up to about 2,100 sq ft, commonly 1,000 to 1,700 sq ft, with 2 to 5 bedrooms. Expect to update older kitchens, baths, and mechanicals in many homes.
- What will I pay in property taxes?
- Will County effective rates in the Frankfort area run about 2.7 to 2.8 percent of value. Recent Frankfort Square homes have averaged around $6,400 a year, and a home near $355,000 could run higher before exemptions. Always check the exact prior-year bill with the Will County Treasurer for the specific parcel.
- What is there to do nearby?
- The Frankfort Square Park District runs 27 parks with trails, a splash park, dog park, skate park, disc golf, ice rinks, a sledding hill, and the Square Links golf course. Historic downtown Frankfort, the Old Plank Road Trail, shopping along LaGrange Road and Route 30, and Silver Cross Hospital in New Lenox are all a short drive away.
- Who is the real estate agent for Frankfort Square?
- Joe Keegan is the local licensed Illinois real estate broker who covers Frankfort Square in Frankfort, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Frankfort Square specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Frankfort Square
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Frankfort specialist
- Honest local market take
- Brokerocity
Market snapshot
Frankfort Square, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$374,999
Typical sale price · last 90 days
$350,000
Homes for sale right now
3
Avg time on market
60 days
Sold in the last year
10
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 31, 2025 through August 31, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
Thinking of selling?
What's your home actually worth?
Not a Zestimate. A real CMA from someone who's sold this neighborhood, knows the floor plan premiums, and can tell you which upgrades the buyer pool here actually pays for.
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Schools serving Frankfort Square
Where Frankfort Square homes go to school
Homes in Frankfort Square are most often zoned to Lincoln-Way East. Open a school to see its area, the district, and every home for sale that feeds it.
School assignment is derived from the school the MRED listing agent entered and is not a guarantee. Always verify current attendance boundaries with the district before writing an offer.
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