501 Illinois Rd
Frankfort, IL 60423
3 bd 2 ba 1,259 sqft Built 1973 Lot 22,578 sqft single_family
Most recent sale
$329,000
May 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 26, 2022 | Sold | $329,000 | MLS #11319009 |
| Apr 4, 2022 | Price changed | $329,000 | MLS #11319009 |
| Feb 7, 2022 | Listed | $339,000 | MLS #11319009 |
| Oct 13, 2005 | Sold | $245,000 | Public Record |
| Oct 28, 2003 | Sold | $210,000 | Public Record |
| Nov 19, 2001 | Sold | $180,000 | Public Record |
| Jun 29, 1988 | Sold | $234,000 | Public Record |
| Dec 1, 1983 | Sold | $84,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $82,684 | $19,867 | $102,551 | $7,829 |
| 2022 | $75,311 | $18,095 | $93,406 | $5,550 |
| 2021 | $70,457 | $16,929 | $87,386 | $5,612 |
| 2020 | $68,471 | $16,452 | $84,923 | $5,641 |
| 2019 | $66,638 | $16,012 | $82,650 | $5,617 |
| 2018 | $64,722 | $15,552 | $80,274 | $5,690 |
| 2017 | $63,211 | $15,189 | $78,400 | $5,830 |
| 2016 | $61,044 | $14,668 | $75,712 | $5,664 |
| 2015 | $58,894 | $14,151 | $73,045 | $5,736 |
| 2014 | $58,485 | $14,053 | $72,538 | $5,672 |
| 2013 | $59,243 | $14,235 | $73,478 | $5,601 |
| 2012 | $62,361 | $14,984 | $77,345 | $6,060 |
| 2011 | $65,643 | $15,773 | $81,416 | $6,098 |
| 2010 | $68,024 | $16,345 | $84,369 | $6,011 |
| 2009 | $69,661 | $16,738 | $86,399 | $5,794 |
| 2008 | $69,661 | $16,738 | $86,399 | $5,684 |
| 2007 | $67,962 | $16,330 | $84,292 | $5,562 |
| 2006 | $66,621 | $12,749 | $79,370 | $5,302 |
Property facts
Year built
1973
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,259 sqft
Lot size
22,578 sqft
ZIP code
60423
City
Frankfort
Street
Illinois Rd
Coordinates
41.51050, -87.86236
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,266
Gross rental yield
8.27%
Implied cap rate
5.37%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Illinois Rd last sell?
501 Illinois Rd most recently sold on May 26, 2022 for $329,000.
What is the current tax assessment for 501 Illinois Rd?
The most recent total assessment for 501 Illinois Rd (year 2024) is $102,551 with $7,829 in property tax.
How does 501 Illinois Rd's assessment compare to its last sale price?
The current assessment is 68.8% below the last sale price of $329,000.
When was 501 Illinois Rd built?
501 Illinois Rd was built in 1973.
How does 501 Illinois Rd compare to others on Illinois Rd?
We track 3 other properties on Illinois Rd. Browse the list under "Other properties on Illinois Rd" to compare beds, baths, and sale history.
What are the property facts for 501 Illinois Rd?
501 Illinois Rd is a 3 bed, 2 bath, 1,259 sqft, 22,578 sqft lot single_family.
Is 501 Illinois Rd a flip candidate?
No — 501 Illinois Rd does not appear in our flips dataset.
Is 501 Illinois Rd a tax-appeal candidate?
No — 501 Illinois Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.9%
Implied 1-yr
+7.7%
2026 Q3
$492.9K
2026 Q4
$501.3K
ZIP 60423 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Illinois Rd