Essex Team Closes New Construction Multifamily in Frankfort for Record Price Per Unit

CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Realty Group, LLC announced the sale of a new construction building at 19653 South Edinburgh Lane, located in the village of Frankfort, 37 miles Southwest of Chicago. The transaction was conducted by Essex Associate Jimmy Donahue, who represented the seller, and Essex Director Anthony Citriglia, who represented the buyer.

Built in 2011, the property includes six 2-bedroom/2-bathroom units and 12 parking spaces. Each unit features condo-quality finishes and is equipped with in-unit washers and dryers, individual hot water tanks, and furnaces. Additional amenities include a passenger elevator, private storage units, and a recreational room in the basement area offering tenants modern, low-maintenance living.

“This sale highlights the continued demand for quality multifamily properties in the Chicago suburbs, particularly those offering modern amenities and low-maintenance living. It was a pleasure to work with both the seller and the buyer and I’m excited to see how the new owners will unlock the full potential of this property.”, said Jimmy Donahue, Associate at Essex Realty Group, LLC.

Throughout the marketing phase, 19653 S. Edinburgh Ln. attracted significant interest from prospective buyers. Ultimately, the property garnered multiple offers and sold for $1,550,000. The transaction shows the property’s desirability and its status as a rare find in a village lacking comparable newer construction offerings.

Frankfort, IL is located approximately 37 miles southwest of downtown Chicago, offering convenient access via I-80, U.S. Route 45, and a nearby Metra stop in neighboring Mokena, which provides a direct rail connection to downtown Chicago. The downtown area features a variety of local shops, restaurants, and essential services, making it a central hub for residents. The Frankfort Park District manages several parks and recreational facilities, including Main Park and the Old Plank Road Trail, offering walking paths, sports fields, and a range of community programs. The village is served by Summit Hill School District 161 and Lincoln-Way Community High School District 210, both of which provide comprehensive academic and extracurricular programs. For higher education, nearby institutions such as Joliet Junior College and Governors State University offer additional learning opportunities.

This transaction marks the highest price per unit ever recorded for a 6+ unit multifamily property in Frankfort.