$678,820Average Value$211Average Price per Sq Ft4Homes For Sale
Refined suburban living meets charming village vibes south of Chicago
Luxurious, recently developed homes and standout access to distinctive parks are a fixture of daily life in Lakeview Estates, a neighborhood on the southeast reaches of Frankfort. But locals are also never too far from the charms of the village’s downtown area, which sets itself apart with unique businesses like a playfully pink taco bar and a music store specializing in top-of-the-line acoustic guitars. A football championship-winning high school and lively events throughout the year in Frankfort add further to the community's charm.
Two and three car garages are common in the Lakeview Estaes area of Frankfort, IL.
Lincoln-Way East High School Track and Griffins Football Field
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Upscale 21st century living southeast of downtown Frankfort
Wide, meandering roads weave their way across the residential plains of Lakeview Estates, where straight driveways and precisely cut lawns lead to luxurious custom homes with a new traditional aesthetic. Properties here share a distinctive 21st-century flair: the earliest homes date back to 2003, and the most recent homes were established in 2024, with further development in the works. Brick and stone exteriors, arch and column-led entrances and three-car garages are common elements. High-end interior touches include oversized windows, gas fireplaces and hardwood flooring. Four and five-bedroom floorplans are the most common options here, though a few three-bedrooms are also available occasionally. Home values typically start at $513,000 and can reach up to $775,000.
Lakeview Estates has good mix of beautiful homes to chose from.
A row of mixed style of homes with large green lawns of Lakeview Estates of Frankfort, IL.
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Antiques, comics and acclaimed Mexican fare
Northwest of the neighborhood in downtown Frankfort and Mokena, folks can find a mix of local restaurants, mainstream shopping destinations and small businesses. Specialty shops in downtown Frankfort include Hammar’s Mercantile, which sells antiques and home décor. Down Home Guitars specializes in acoustic instrument sales and maintenance, offering high-end guitars, mandolins and supplies, as well as music lessons for a variety of disciplines. “How young we start lessons depends on the student, but from there we’ve got everyone from 5 to 85. Most music schools do get a lot of kids, but we teach a lot of retirees and working adults too,” says Molly Rose, a music instructor at the shop. To the north along LaGrange Road, Jewel-Osco and Mariano’s are close by for grocery trips. Alsip Home & Nursery has seasonal decorations, gardening supplies and a pet center, while Evilena’s Red Dresser is a consignment store with women’s apparel and furniture. Banners of the noble houses of Westeros and Hogwarts are on the walls at Amazing Fantasy Books & Comics, a local hub for collectibles and tabletop games.
Chicagoland favorites in downtown Frankfort include Fat Rosie’s Taco & Tequila Bar, which started in town in 2015 before expanding to five more locations. Décor themed around the restaurant’s mule mascot and lightbulb-lit letters shouting “HOLA” hang over the cocktail bar. Kup A Joe Café offers espresso drinks and a cocktail bar alongside brunch specialties, while Cultivate Community Table has a curated menu of sandwiches. Roman and Tuscan flavors are served at Francesca’s Fortunato, one of the numerous spinoffs of the original Francesca’s restaurant in Chicago.
Marianos Grocery is conveniently located near the Lakeview Estates area.
Fat Rosie’s Taco & Tequila Bar offers Mexican eats and cocktails in Lakeview Estates.
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Playground days at the interconnected Lakeview Parks
An abundance of options for outdoor recreation are within walking distance for locals. Timbers Edge Park sits at the corner of Pineview Lane and Oakfield Drive. Kids can ride the swings or explore the playground, and folks of all ages can practice their at-bat skills on the baseball diamond. On the west side of the neighborhood, Lakeview Park is an outdoor retreat fit within the residential areas and split into two areas. The park’s north and south sections each offer their own play areas, picnic shelters and fishing ponds, and connect to each other with a walking trail. Frankfort’s largest park, the 60-acre Commissioners Park, sits just north of the neighborhood. Unique draws to the park include a lighted sledding hill for wintertime fun, the Frankfort Bark Park for outings with the pups and a community-built play area with a splash pad.
Timbers Edge Park near Lakeview Estate has a playground, picnic shelter and athletic fields.
The kids love playing in Fort Frankfort in Commissioners Park near Lakeview Estates.
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Winning sports teams at Lincoln-Way East High School
Younger public school students in the neighborhood attend schools within Frankfort School District 157-C. Grand Prairie Elementary School holds a B-plus grade on Niche. Chelsea Intermediate School and Hickory Creek Middle School both hold A grades. Lincoln-Way East High School’s 28 athletic programs include the varsity football team, which has won three state championships and made three additional appearances in the state finals from 2005 to 2024. The school earns an A-plus grade on Niche.
Chelsea Elementary is a public school near Lakeview Estates serves children grades K-8th.
Lincoln-Way East High School is a public school near Lakeview Estates with 2,749 students.
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Seasonal celebrations and open mic nights in downtown Frankfort
While a quiet, private lifestyle awaits at home, downtown Frankfort offers a variety of events. Annual gatherings include the Frankfort Bluegrass Festival in the summer, which brings locals together for two days of food, arts and crafts and a full schedule of live music from local and international bluegrass bands. The Frankfort Fall Festival lands in town each Labor Day weekend, highlighting local craftspeople and restaurants. The festivities also include a parade and a carnival. Breidert Green Park is a hub for events like Ghost Stories on the Green, a kid-friendly Halloween celebration, and the Concerts on the Green series of shows in the summer. Each holiday season, Christkindl Weekend includes train rides, meet and greets with Santa and caroling.
Year-round things to do include monthly open mic nights and weekly jam sessions at Down Home Guitars, encouraging local musicians to take their work to the stage. Cultivate Community Table hosts its own weekly open mic nights, along with pop-up menus on special occasions. Old Plank Trail Tavern offers billiards, beers on tap and a cozy atmosphere made complete by an old-school dresser and china cabinet.
Many of the Lakeview Estates residents atttend the Frankfort Fall Festival.
The Frankfort Farmers Market is attended by many Lakeview Estates residents.
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36 miles south of Chicago
Residents heading into town from Lakeview Estates can get there via West Sauk Trail, just north of the neighborhood; the village's downtown area is about 3 miles away. From there, U.S. Route 45/LaGrange Road or U.S. Route 30/Lincoln Highway both sit to the north for additional shopping options. Commuters headed northeast into Chicago can take Laraway Road to hop onto Interstate 57. Folks can expect a 36-mile journey for commutes or day trips into the Windy City; the Metra commuter rail is an alternative option for longer trips, with the Richton Park station about 6 miles east. For emergency services, Franciscan Health Olympia Fields Hospital is about 9 miles northeast of the neighborhood. Locals traveling beyond Chicago can catch flights out from Chicago Midway International Airport, about 35 miles north.
Residents of Lakeview Estates can enjoy a relaxing jog during the day.
Many Lakeview residents use Sauk Trail and Laraway Road to travel to various locations.
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
Interested in learning more about homes in this area?
Reach out to
Nancy Gudino,
an experienced agent in this neighborhood.
Parks in this Area
Indian Boundry Park
Baseball/Softball
Basketball
Bike Trails
Woodlawn Park
Fishing
Trails
Playground
Commisioners Park
Windy Hill Park
Picnic Area
Trails
Playground
White Oak Park
Playground
Multi-Purpose Field
Indian Trail School Park
Baseball/Softball
Basketball
Picnic Area
Timbers Edge Park
Transit
Airport
Chicago Midway International
44 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Lakeview Estates
US
Homicide
2
4
Sexual Assault
1
4
Assault with Weapon
1
4
Robbery
1
4
Burglary
1
4
Motor Vehicle Theft
1
4
Larceny
1
4
Crime Score
1
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Lakeview Estates, Frankfort sell after 50 days on the market compared to the national average of 47 days. The average sale price for homes in Lakeview Estates, Frankfort over the last 12 months is $692,653, up 8% from the average home sale price over the previous 12 months.
Welcome to this beautiful 6-bedroom, plus office, fully remodeled home recently completed in 2022 sitting on a spacious half acre lot. The home showcases a custom front door entry, grand staircase and rich hardwood floors throughout. The chef's kitchen is very smartly designed featuring top-of-the-line appliances, Zephyr cooktop with rising vent system and Jenn-Air espresso machine. An oversized
Welcome to this beautifully updated 5-bedroom, 3 full and 2 half-bathroom home, nestled in a highly sought after area of Frankfort, on just over a half acre lot backing up to private forest views. This exceptional property offers vaulted ceilings and two master suites one conveniently located on the main floor, with walk-in closets, and a full private bathroom, perfect for in-law arrangements or
This 9.89-acre parcel, zoned R-2, an ideal site for development. Located in a prime area surrounded by upscale residential subdivisions, this presents a rare opportunity. The property includes a farmhouse with recent upgrades, sold as-is. Note: The property is large please plan accordingly to allow proper timing while touring the property. Important: Horses are not permitted within the
Interested in learning more about homes in this area?
Reach out to
Nancy Gudino,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
2,852
Median Age
36
Population Density
3 ppl/acre
Population under 18
33.2%
Above the national average
23.8%
Population over 65
9.4%
Below the national average
19.1%
Finances
Median Household Income
$181,140
Significantly above the national average
$71,702
Average Household Income
$207,321
Education and Workforce
High School Graduates
100%
College Graduates
62.1%
Significantly above the national average
34.1%
Advanced Degrees
32.1%
% Population in Labor Force
85.8%
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
Somewhat Bikeable
Bike Score®
24/ 100
Car-Dependent
Walk Score®
0/ 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.
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.
