# 318 Oak Street, Frankfort, IL 60423

> **TL;DR:** land, $399,900. Est. $2,139/mo. Listed 53 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $399,900 |
| Lot Size | 20,473 sqft (0.47 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 53 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,022 |
| Estimated Insurance | $117 |
| **Total** | **$2,139** |

## Nearby Schools

- **High:** Lincoln-Way East High School

## Property Highlights

- 0.47 acre lot

## Description

### Agent Description
Unbelievably rare Opportunity! Double lot in an amazing DOWNTOWN Frankfort location! Nearly a Half Acre of land within walking distance to outstanding Shopping, Dining & Parks! Convenient access to Old Plank Trail, Community events, Major interstate, Metra & award winning Lincoln-Way Schools! This oversized parcel provides greater flexibility in home design, garage configuration, outdoor living space & overall footprint! Take advantage of this rare opportunity before it's gone!

## Location

- **Address:** 318 Oak Street, Frankfort, IL 60423
- **County:** Will
- **Coordinates:** 41.492847, -87.851423
- **Google Maps:** https://www.google.com/maps?q=41.492847,-87.851423

## Listing Agent

- **Name:** Raymond Morandi
- **Brokerage:** Morandi Properties Inc
- **Broker Phone:** (708) 516-6666
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/318-Oak-St_Frankfort_IL_60423_M97531-54159?f=listhub&s=MREDIL&m=12754190&c=propsimple)

## Photos

![318 Oak Street - Photo 1](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f3433330805r.jpg)

![318 Oak Street - Photo 2](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f1607080199r.jpg)

![318 Oak Street - Photo 3](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f958073788r.jpg)

![318 Oak Street - Photo 4](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f3961439327r.jpg)

![318 Oak Street - Photo 5](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f1851769435r.jpg)

![318 Oak Street - Photo 6](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f3985314811r.jpg)

![318 Oak Street - Photo 7](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f2966135676r.jpg)

![318 Oak Street - Photo 8](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f3596290503r.jpg)

![318 Oak Street - Photo 9](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f3846419251r.jpg)

![318 Oak Street - Photo 10](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f2638738766r.jpg)

![318 Oak Street - Photo 11](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f2690435049r.jpg)

![318 Oak Street - Photo 12](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f2780040189r.jpg)

![318 Oak Street - Photo 13](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f1834620817r.jpg)

![318 Oak Street - Photo 14](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f2562689098r.jpg)

![318 Oak Street - Photo 15](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f2847915563r.jpg)

![318 Oak Street - Photo 16](http://lh.rdcpix.com/f77873effa24e51c7b4d6a29c6afbbbcl-f1257843824r.jpg)

---

**MLS#:** 12754190 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/318-oak-street-frankfort-il-60423-9dc0dd2c893c4182a0b2c6024471ecdb)

---

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