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Frankfort Square

Frankfort Square

Suburban Neighborhood in Frankfort, Illinois

Will County 60423
Neighborhood Reviews
3.9
$384,240 Average Value
$206 Average Price per Sq Ft
18 Homes For Sale

Just northeast of Frankfort

About 30 miles south of downtown Chicago, with access to Interstates 80 and 57, Frankfort Square is about 4 miles northeast of the suburb of Frankfort. “Frankfort Square is part of Franklin, but it’s a separate entity,” says Marge Cahill, a real estate broker with @properties, with about 25 years of real estate experience. “It provides more of a collection of starter homes than what you would find in Frankfort, and the homes are a bit smaller.” The suburb of Frankfort is on many lists as one of the best suburbs south of Chicago. The attraction of Frankfort Square is the school chain that feeds into an A-plus high school.

Frankfort Squares is recognized as one of the best places to live in Illinois.
Frankfort Squares is recognized as one of the best places to live in Illinois.
Frankfort Square located in Frankfort, IL has beautiful houses with manicured lawns.
Frankfort Square located in Frankfort, IL has beautiful houses with manicured lawns.
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Good school districts

Elementary schools in the Summit Hill School District 161 are split between younger students heading to schools like Frankfort Square Elementary School, with an A-minus Niche grade. Students through fourth grade have the option of attending here. Walker Intermediate School is also rated an A-minus and has a 12-to-1 student-teacher ratio. This school serves fifth and sixth graders. Summit Hill Junior High is also rated an A-minus and has almost 700 seventh and eighth graders. Lincoln-Way East High School is part of the Lincoln-Way Community High School District Number 210. The school is rated an A-plus and has a 97% graduation rate. “The fact that people can move into an affordable house and have access to a school like Lincoln-Way East is a big reason why Frankfort Square is attractive,” Cahill says.

Summit Hill Junior High School is an option for students in the Frankfort Square area.
Summit Hill Junior High School is an option for students in the Frankfort Square area.
Frankfort Square Elementary School is a highly-rated school in the community.
Frankfort Square Elementary School is a highly-rated school in the community.
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Some homes under $200,000

The oldest houses in this area are from the 1970s and are priced between $230,000 and $320,000. Some condos and townhouses can be under $200,000 but have under 1,000 square feet of living space. Monthly fees range from $150 to over $200, including lawn care and snow removal. Single-family homes are primarily three to four-bedroom split-level, ranch and raised ranch styles. Some of the larger homes are around 3,000 square feet.

Split-level homes with clean-cut shrubbery are a frequent sight in Frankfort Square.
Split-level homes with clean-cut shrubbery are a frequent sight in Frankfort Square.
Within the Frankfort Square neighborhood, one can find plenty of modern farmhouses.
Within the Frankfort Square neighborhood, one can find plenty of modern farmhouses.
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Recreation of all kinds

Although part of the village of Frankfort, Frankfort Square has its own independently run park district that oversees green space in the neighborhood. Frankfort Square Community Park has a fishing pier and walking trails around the large pond. There are a few pickleball courts, a playground and a picnic shelter. There are more outdoor recreation opportunities, like a splash park at Island Prairie Park that will be operational during the summer when the temperature is at least 78 degrees. There are more fishing opportunities. The park district community center is located at this park, and it’s the site for live music during the summer on most Tuesday and Thursday nights from June through August. Indian Boundary South Park is close and includes a disc golf course. The Frankfort Square Park District also owns Square Links Golf Course for those who want a more traditional round of golf. A practice center features a natural grass putting green and a practice sand bunker.

Fishing is a popular activity at Community Park in Frankfort Square.
Fishing is a popular activity at Community Park in Frankfort Square.
Community Park in Frankfort Square has Pickleball courts, a playground, a fishing pond and more.
Community Park in Frankfort Square has Pickleball courts, a playground, a fishing pond and more.
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Opportunities to eat out

There are a couple of small restaurants in Frankfort Square that residents won’t have to travel too far to enjoy. My Taco is a Mexican Restaurant on Lincoln Highway in a strip mall near the intersection with 80th Avenue. It’s a small place with limited seating that gets rave reviews for its steak tacos, tamales and salsa. Pete Mitchell’s Bar & Grill, commonly known as PM’s, is a quaint watering hole that serves food. Sporting events are also on the multiple screens in the bar. Larger dining establishments in Frankfort, like the Dancing Marlin Restaurant, have steak and seafood items and a popular Sunday brunch.

My Taco Restaurant located in Frankfort Square serves delicious authentic Mexican cuisine.
My Taco Restaurant located in Frankfort Square serves delicious authentic Mexican cuisine.
Pete Mitchell's Bar & Grill located in Frankfort Square offers live music and outdoor seating.
Pete Mitchell's Bar & Grill located in Frankfort Square offers live music and outdoor seating.
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Car-dependent area

Some neighborhood streets have sidewalks, but a car is needed to get to other means of transportation. It’s about a 5-mile drive to the west to get to the Mokena Metra station, where it’ll be about a 50-minute train ride into downtown Chicago. Public bus transportation can be accessed a few miles north, with the Pace suburban bus service having multiple stops along 183rd Street.

Some neighborhood streets have a nice sidewalk for the community to utilize.
Some neighborhood streets have a nice sidewalk for the community to utilize.
Nature lovers are never far from parks in Frankfort Square.
Nature lovers are never far from parks in Frankfort Square.
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Jeff Stapleton
Written By
Jeff Stapleton
Trevor Stevens
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Trevor Stevens

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Chicago Midway International

37 min drive

Reviews

Niche Reviews
3.9 13 Reviews
4.0 Niche User
5/5/2015 Niche Review
Most local businesses around here are great. The people who work there are nice and helpful.
3.0 Current Resident
11/23/2018 Niche Review
My experience with Frankfort Square is average it is nothing special but there is nothing wrong with this area. I want to see change is the people and what I mean about the people is the diversity in Frankfort Square. Plus the night time activity and how noisey it is every night.
4.0 Niche User
5/5/2015 Niche Review
There is very little crime in this area and it is pretty safe. Of course there are times when alerts are sent, but never really huge crimes being committed.
4.0 Current Resident
6/1/2018 Niche Review
Frankfort Square is a small suburb town with a well-known high school district, Lincoln-Way, which has an outstanding college prep approach helping high school students be prepared for college. Also with the atmosphere is fun and encourages family and friends while staying active with the amount of athletes who live in the area.
Are you familiar with the Frankfort Square neighborhood? to let others know what life in this neighborhood is like.

Frankfort Square Demographics and Home Trends

Housing Trends

Median List Price
$365,000
Median Sale Price
$365,000
Median Single Family Sale Price
$365,000
Median Townhouse Sale Price
$303,000
Median 2 Bedroom Sale Price
$242,450
Median Change From 1st List Price
0%
Last 12 months Home Sales
119
Median Home Sale Price YoY Change
9%
Average Price Per Sq Ft
$206

Neighborhood Facts

Number of Homes in Neighborhood
1,872
Number of Homes for Sale
18
Median Year Built
1993
Months of Supply
1.80
Average Single Family Home Size Sq Ft
2,386
Above the national average
1,925
Average Townhouse Size Sq Ft
1,408
Average 2 Bedroom Size Sq Ft
1,263
Median Lot Size Sq Ft
13,939

Open Houses

  • Sunday, Sep 21
    12 - 2pm

    20301 S Pine Hill Rd Unit 1D, Frankfort, IL 60423

    $244,900

    • 2 Beds
    • 2 Baths
    • 1,405 Sq Ft
    • 20301 S Pine Hill Rd
    • Unit 1D
    • New 20 days ago

    Welcome to Hawthorne Lakes, a beautiful, peaceful 55+ community. This beautifully maintained 2 Bedroom, 2 Full Baths condo has been freshly painted throughout in a neutral color that creates a warm, welcoming atmosphere. The Kitchen and Dining Room opens up to the spacious Living Room and sliding doors to your patio. The spacious Master Bedroom has a private bath and a large walk-in closet, wood

    Joann Trauscht Village Realty, Inc.

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
10,625
Median Age
40
Population Density
5 ppl/acre
Population under 18
24.1%
On par with the national average
23.8%
Population over 65
14.4%
On par with the national average
19.1%

Finances

Median Household Income
$115,651
Significantly above the national average
$71,702
Average Household Income
$124,433

Education and Workforce

High School Graduates
96.5%
Above the national average
89.1%
College Graduates
35.6%
Advanced Degrees
12.2%
% Population in Labor Force
78.6%
Above the national average
65.1%

Weather

Annual Precipitation
41''
Average Winter Low Temperature
15°F
Average Summer High Temperature
84°F
Annual Snowfall
35''

Area Factors

Bikeable

Bike Score®

50 / 100

Car-Dependent

Walk Score®

39 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Frankfort Square