Essex Realty Group, LLC is pleased to announce the sale of 19653 S Edinburgh Lane, a six-unit apartment building located in the desirable suburb of Frankfort, Illinois in Will County. Built in 2011, the property consists of six (6) 2Bd/2Ba apartments featuring condo-quality finishes, in-unit washers and dryers, individual hot water tanks and furnaces. Additional amenities include a passenger elevator, private storage units, a recreational room, and one garage and one surface parking space per unit. At the time of sale, the property offered immediate cash flow and additional upside through market rent adjustments.
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 village’s 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.
- Modern Building: Built In 2011 With Condo-Quality Finishes Throughout All Six (6) 2Bd/2Ba Units
- Tenant Amenities: Elevator, In-Unit Laundry, Garage Parking, Individual Utilities, and Private Storage For Each Unit
- Turn-Key Investment: 100% Occupied With No Needed Capital Expenditures, Offering Immediate Cash Flow
- Strong Rental Market: Steady Rent Growth, Growing Rental Demand, And Low Vacancy Rates
- Below Market Rents: Opportunity To Increase Monthly Income By Up To 15% By Raising Rents To Market Levels