O'Neil Property Group
Frankfort Square is the attainable lane into a Frankfort address — an established 1970s–80s community on the north side with its own park district, Summit Hill District 161 schools feeding Lincoln-Way East, and a July 2026 median sale around $350K.
Frankfort Square is where Frankfort gets attainable. Built primarily between 1972 and 1992 west of Harlem Avenue and north of Lincoln Highway, it’s an established community of modest, well-built homes — MLS-fed sources catalog 15 original floor plans from about 900 to 2,100 square feet, two to five bedrooms, on mature streets where the trees have had fifty years to grow. A small stock of attached homes rounds out the mix, with condos recently listed from about $229K.
The market here runs hotter than the village-wide numbers. In July 2026 the Frankfort Square area recorded a median sale around $349,800 — up 2.9% year over year — with homes selling at 100.8% of list in a median of 42 days, and 38 homes changing hands that month alone. Recent listings span roughly $229K to $479K. Translation: this is a genuine first-time-buyer and downsizer market inside one of the most expensive corridors in the south suburbs, and everyone knows it — updated homes draw multiple offers in the first week.
Two structural details matter. First, Frankfort Square is its own community within the greater Frankfort area — served by the Frankfort Square Park District rather than the village park district, and by Summit Hill School District 161 rather than Frankfort 157-C, with taxing districts that differ from the village core (MLS-fed sources report average annual taxes around $6,500 — notably lower than the village-wide median bill). Second, most single-family homes here carry no HOA, while the attached sections report fees of roughly $153–$225 per month. We walk buyers through exactly which rules apply to which address.
Pricing reflects Frankfort Square sales and MLS-fed sources as of mid-2026 — ranges over false precision.
Renovated versions of the original plans — new kitchens, baths, and mechanicals on established lots. These are the homes selling over list in the first week; the July 2026 area median of ~$350K lives here.
See listings →Solid 1970s–80s bones awaiting updates. The smart play for buyers who want the address and the equity upside, priced meaningfully below the updated stock.
See listings →The lowest entry price in the greater Frankfort area. Association fees of roughly $153–$225/month typically cover exterior, lawn, and snow — we verify coverage and association health on every unit.
See listings →Every Frankfort Square listing hits the MLS the moment it goes live. Search all Frankfort homes below and filter by neighborhood, or text Kealan at 630-381-4995 for a Frankfort Square-only list with same-day showings.
The community has its own park district maintaining neighborhood parks, programs, and facilities — a point of local identity and a practical amenity with playgrounds and fields threaded through the neighborhood.
Sidewalks, street lights, and full-grown trees on every block. The neighborhood pattern — modest homes, walkable streets — predates the estate-lot era and keeps daily life close to ground level.
Harlem Avenue and US 30 put Tinley Park, Mokena, and the I-80 interchanges minutes away — and downtown Frankfort’s shops, Breidert Green, and the Old Plank Road Trail are about a ten-minute drive south.
A Frankfort-area address, Lincoln-Way East feeder schools, and taxes averaging around $6,500 — at a price point the rest of the corridor can’t touch. That combination is why this market moves fast.
Frankfort Square is served by Summit Hill School District 161 and Lincoln-Way Community High School District 210. School information is provided as fact only — confirm current attendance boundaries with the district for any specific address.
District listings for the area include Dr. Julian Rogus, Indian Trail, and Mary Drew schools for the elementary grades.
Serves the district’s intermediate grades ahead of junior high.
The district’s junior high, ahead of the Lincoln-Way high schools.
Frankfort Square addresses feed Lincoln-Way East per district listings; located in Frankfort on Colorado Avenue.
Harlem Avenue runs the eastern edge with retail continuing north into Tinley Park; US 30 covers groceries and errands. Downtown Frankfort — Kansas Street, Breidert Green, the Country Market — is about ten minutes south.
I-80 access is minutes away via Harlem Avenue or US 45. Metra riders have options: Hickory Creek station in Mokena on the Rock Island District line is a short drive, and the Tinley Park stations sit just north.
Plan on 45–70 minutes to the Loop by car depending on traffic, about 35–40 minutes to Midway via I-80 and I-294, and roughly an hour by Rock Island District train.
We track every Frankfort Square listing, sale, and off-market conversation. Get real answers about pricing, fees, and what’s coming to market.