Real Estate Investment Properties for Sale in Frankfort, IL

Looking for investment property in Frankfort, IL with high ROI ?

Explore a variety of short-term homes & houses in Frankfort, IL. Invest wisely with VRBO & Frankfort, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Frankfort, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
21122 S Hillside Road Frankfort, IL this Beautiful home offers comfort, charm, and versatile living spaces designed for everyd...	3 beds \| 3 baths \| 2,202 sq.ft.	$499,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 3.89% Airbnb Rental Income: $1516 Traditional Rental Income: $2843 Airbnb ROI: 0.1% Traditional ROI: 3.89%
20618 S Driftwood Drive Frankfort, IL Welcome home to this charming 3-bedroom, 1-bath ranch in Frankfort Square! Relax in the in...	3 beds \| 1 baths \| 1,306 sq.ft.	$309,900	Airbnb cash on cash: 0.21% Traditional cash on cash: 2.65% Airbnb Rental Income: $1516 Traditional Rental Income: $1787 Airbnb ROI: 0.21% Traditional ROI: 2.65%
19800 S Edinburgh Lane Frankfort, IL	3 beds \| 2 baths \| 1,321 sq.ft.	$280,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 4.23% Airbnb Rental Income: $1516 Traditional Rental Income: $2029 Airbnb ROI: 0.73% Traditional ROI: 4.23%
23070 Hankins Court Frankfort, IL New Construction Move-In Ready! Step into refined living with this custom-built, two-story...	4 beds \| 3 baths \| 3,200 sq.ft.	$749,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 4.86% Airbnb Rental Income: $1160 Traditional Rental Income: $4246 Airbnb ROI: -0.11% Traditional ROI: 4.86%
8022 Stanley Trail Frankfort, IL Nestled in a gorgeous newer development of custom homes Lakeview Estates in Frankfort. Thi...	4 beds \| 4 baths \| 3,500 sq.ft.	$759,900	Airbnb cash on cash: -1.76% Traditional cash on cash: 4.16% Airbnb Rental Income: $1160 Traditional Rental Income: $4974 Airbnb ROI: -1.76% Traditional ROI: 4.16%
20145 Waterview Trail Frankfort, IL Ready to See the New TBL Custom Homes DOG CASTLE Model in the Exclusive Award Winning Cand...	4 beds \| 5 baths \| 4,280 sq.ft.	$1,486,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.46% Airbnb Rental Income: $1160 Traditional Rental Income: $4888 Airbnb ROI: -0.52% Traditional ROI: 2.46%
19708 S Skye Drive Frankfort, IL Come see this beautifully maintained two-story home in Frankfort! The main level features ...	4 beds \| 3 baths \| 1,572 sq.ft.	$365,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 3.53% Airbnb Rental Income: $1160 Traditional Rental Income: $2463 Airbnb ROI: -1.39% Traditional ROI: 3.53%
23039 Lakeview Estates Boulevard Frankfort, IL AMAZING NEW CONSTRUCTION OPPORTUNITY! Still time to make your CUSTOM SELECTIONS W ALL THE ...	4 beds \| 3 baths \| 3,025 sq.ft.	$789,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 3.09% Airbnb Rental Income: $1160 Traditional Rental Income: $3311 Airbnb ROI: -0.36% Traditional ROI: 3.09%
10724 Gateway Drive Frankfort, IL	3 beds \| 2 baths \| N/A	$179,900	Airbnb cash on cash: 4.13% Traditional cash on cash: 10.98% Airbnb Rental Income: $1516 Traditional Rental Income: $2247 Airbnb ROI: 4.13% Traditional ROI: 10.98%
21629 Kent Court Frankfort, IL Welcome home to your ideal low-maintenance lifestyle in the desirable Founders Place commu...	3 beds \| 3 baths \| 2,825 sq.ft.	$469,900	Airbnb cash on cash: -1.91% Traditional cash on cash: 2.48% Airbnb Rental Income: $1516 Traditional Rental Income: $3026 Airbnb ROI: -1.91% Traditional ROI: 2.48%
7960 W Frankfort Square Road Frankfort, IL raised ranch on a large lot with 2 car attached garage All appliances included	3 beds \| 2 baths \| 1,241 sq.ft.	$329,900	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.14% Airbnb Rental Income: $1516 Traditional Rental Income: $1928 Airbnb ROI: 0.61% Traditional ROI: 3.14%
21000 S Frankfort Square Rd Frankfort, IL	N/A beds \| N/A baths \| N/A	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: -2.23% Airbnb Rental Income: $null Traditional Rental Income: $659 Airbnb ROI: N/A Traditional ROI: -2.23%
11685 Misty Creek Lane Frankfort, IL The Misty Creek Townhomes in Frankfort are here! Come tour the impressive "Aster" ranch to...	3 beds \| 3 baths \| 2,100 sq.ft.	$689,900	Airbnb cash on cash: -2.12% Traditional cash on cash: 0.98% Airbnb Rental Income: $1516 Traditional Rental Income: $3067 Airbnb ROI: -2.12% Traditional ROI: 0.98%
8839 Indiana Harbor Dr Frankfort, IL 8839 Indiana Harbor Dr, Frankfort, IL 60423 \| Townhouse	2 beds \| 3 baths \| 2,545 sq.ft.	$499,900	Airbnb cash on cash: -1.94% Traditional cash on cash: -0.31% Airbnb Rental Income: $1343 Traditional Rental Income: $1692 Airbnb ROI: -1.94% Traditional ROI: -0.31%
11662 Misty Creek Ln Frankfort, IL 11662 Misty Creek Ln, Frankfort, IL 60423 \| Townhouse	3 beds \| 2 baths \| 2,080 sq.ft.	$659,900	Airbnb cash on cash: -2.06% Traditional cash on cash: 0.16% Airbnb Rental Income: $1516 Traditional Rental Income: $2444 Airbnb ROI: -2.06% Traditional ROI: 0.16%
The Aster III - MC27 Plan Frankfort, IL The Aster III - MC27 Plan, Frankfort, IL 60423 \| Townhouse	3 beds \| 2 baths \| 2,100 sq.ft.	$689,900	Airbnb cash on cash: -2.12% Traditional cash on cash: 0.01% Airbnb Rental Income: $1516 Traditional Rental Income: $2444 Airbnb ROI: -2.12% Traditional ROI: 0.01%
The Soho II - MC24 Plan Frankfort, IL The Soho - MC24 Plan, Frankfort, IL 60423 \| Townhouse	2 beds \| 2 baths \| 2,080 sq.ft.	$659,900	Airbnb cash on cash: -2.3% Traditional cash on cash: -1.06% Airbnb Rental Income: $1343 Traditional Rental Income: $1692 Airbnb ROI: -2.3% Traditional ROI: -1.06%
11683 Misty Creek Ln Frankfort, IL 11683 Misty Creek Ln, Frankfort, IL 60423 \| Townhouse	3 beds \| 2 baths \| 2,250 sq.ft.	$659,500	Airbnb cash on cash: -2.07% Traditional cash on cash: 0.16% Airbnb Rental Income: $1516 Traditional Rental Income: $2444 Airbnb ROI: -2.07% Traditional ROI: 0.16%
The Inwood - MC26 Plan Frankfort, IL The Inwood - MC26 Plan, Frankfort, IL 60423 \| Townhouse	3 beds \| 2 baths \| 2,250 sq.ft.	$659,500	Airbnb cash on cash: -2.07% Traditional cash on cash: 0.16% Airbnb Rental Income: $1516 Traditional Rental Income: $2444 Airbnb ROI: -2.07% Traditional ROI: 0.16%
22276 Elise Blvd Frankfort, IL 22276 Elise Blvd, Frankfort, IL 60423 \| Other	N/A beds \| N/A baths \| N/A	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $725 Airbnb ROI: N/A Traditional ROI: 2.26%
8858 Buffington Breakwater Dr Frankfort, IL 8858 Buffington Breakwater Dr, Frankfort, IL 60423 \| Townhouse	3 beds \| 2 baths \| 2,615 sq.ft.	$640,000	Airbnb cash on cash: -1.98% Traditional cash on cash: 0.31% Airbnb Rental Income: $1516 Traditional Rental Income: $2444 Airbnb ROI: -1.98% Traditional ROI: 0.31%
9306 Fox Run Circle Frankfort, IL WELCOME TO ONE OF FRANKFORT'S PREMIER TOWNHOUSE/DUPLEX COMMUNITIES. RARELY AVAILIBLE BRICK...	3 beds \| 3 baths \| 2,253 sq.ft.	$499,900	Airbnb cash on cash: -1.71% Traditional cash on cash: 1.22% Airbnb Rental Income: $1516 Traditional Rental Income: $2444 Airbnb ROI: -1.71% Traditional ROI: 1.22%
120 W Sauk Trl Frankfort, IL 120 W Sauk Trl, Frankfort, IL 60423 \| Single Family Residential	4 beds \| 3 baths \| 3,880 sq.ft.	$1,385,000	Airbnb cash on cash: -2.78% Traditional cash on cash: 0.03% Airbnb Rental Income: $1160 Traditional Rental Income: $4394 Airbnb ROI: -2.78% Traditional ROI: 0.03%
9730 Folkers Dr Frankfort, IL 9730 Folkers Dr, Frankfort, IL 60423 \| Townhouse	3 beds \| 2 baths \| 2,555 sq.ft.	$799,900	Airbnb cash on cash: -2.53% Traditional cash on cash: -0.7% Airbnb Rental Income: $1516 Traditional Rental Income: $2444 Airbnb ROI: -2.53% Traditional ROI: -0.7%
7624 W Juniper Ct Frankfort, IL 7624 W Juniper Ct, Frankfort, IL 60423 \| Single Family Residential	3 beds \| 1 baths \| 1,698 sq.ft.	$369,967	Airbnb cash on cash: -0.42% Traditional cash on cash: 3.53% Airbnb Rental Income: $1516 Traditional Rental Income: $2444 Airbnb ROI: -0.42% Traditional ROI: 3.53%
8660 High Stone Way Frankfort, IL Luxury home in sought after Stone Creek Subdivision. The stunning kitchen features white c...	5 beds \| 3 baths \| 3,750 sq.ft.	$815,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.13% Airbnb Rental Income: $null Traditional Rental Income: $3391 Airbnb ROI: N/A Traditional ROI: 1.13%
20116 S Greenfield Ln Frankfort, IL 20116 S Greenfield Ln, Frankfort, IL 60423 \| Single Family Residential	3 beds \| 2 baths \| 1,411 sq.ft.	$380,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.34% Airbnb Rental Income: $1516 Traditional Rental Income: $1729 Airbnb ROI: -0.49% Traditional ROI: 1.34%

Real Estate investment in Frankfort, IL

There are 59 properties for sale in the city of Frankfort . The median list price in Frankfort is $304,950 and the average price per square foot is $143. In March 2026, the average monthly cash on cash return in Frankfort is 3.00%. The average monthly rental income in Frankfort is $2,454.

Frankfort, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 59 investment properties available for sale in Frankfort.

In 2026, the best neighborhood to buy investment property is Frankfort.

The ROI for Long-Term is higher than the Short-Term in Frankfort with average rental income of $2,454.

Your search for investment property begins and ends here

Investment Property for Sale in Frankfort, IL

21122 S Hillside Road

Frankfort, IL

3 beds | 3 baths | 2,202 sq.ft.

$499,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1516

Traditional Rental Income: $2843

Airbnb ROI: 0.1%

Traditional ROI: 3.89%

20618 S Driftwood Drive

Frankfort, IL

3 beds | 1 baths | 1,306 sq.ft.

$309,900

Airbnb cash on cash: 0.21%

Traditional cash on cash: 2.65%

Airbnb Rental Income: $1516

Traditional Rental Income: $1787

Airbnb ROI: 0.21%

Traditional ROI: 2.65%

19800 S Edinburgh Lane

Frankfort, IL

3 beds | 2 baths | 1,321 sq.ft.

$280,000

Airbnb cash on cash: 0.73%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $1516

Traditional Rental Income: $2029

Airbnb ROI: 0.73%

Traditional ROI: 4.23%

23070 Hankins Court

Frankfort, IL

4 beds | 3 baths | 3,200 sq.ft.

$749,900

Airbnb cash on cash: -0.11%

Traditional cash on cash: 4.86%

Airbnb Rental Income: $1160

Traditional Rental Income: $4246

Airbnb ROI: -0.11%

Traditional ROI: 4.86%

8022 Stanley Trail

Frankfort, IL

4 beds | 4 baths | 3,500 sq.ft.

$759,900

Airbnb cash on cash: -1.76%

Traditional cash on cash: 4.16%

Airbnb Rental Income: $1160

Traditional Rental Income: $4974

Airbnb ROI: -1.76%

Traditional ROI: 4.16%

20145 Waterview Trail

Frankfort, IL

4 beds | 5 baths | 4,280 sq.ft.

$1,486,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $1160

Traditional Rental Income: $4888

Airbnb ROI: -0.52%

Traditional ROI: 2.46%

19708 S Skye Drive

Frankfort, IL

4 beds | 3 baths | 1,572 sq.ft.

$365,000

Airbnb cash on cash: -1.39%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $1160

Traditional Rental Income: $2463

Airbnb ROI: -1.39%

Traditional ROI: 3.53%

23039 Lakeview Estates Boulevard

Frankfort, IL

4 beds | 3 baths | 3,025 sq.ft.

$789,000

Airbnb cash on cash: -0.36%

Traditional cash on cash: 3.09%

Airbnb Rental Income: $1160

Traditional Rental Income: $3311

Airbnb ROI: -0.36%