20696 Michigan Island Drive Frankfort, IL ^$ 250,000

20696 Michigan Island Drive

^$ 250,000

Back to search

Recently Listed

20696 Michigan Island Drive

Frankfort, IL, 60423

^$ 250,000

Studio Baths0.0

Monthly Estimate*

^$ 1,539

20696 Michigan Island Drive, Frankfort, IL 60423 - Image 1

Studio

Lots and Land for sale in Frankfort, IL

for $250,000. The lot size is 0.43.

Rare opportunity to secure a vacant corner lot in one of Frankfort's prestigious luxury subdivisions. Surrounded by beautiful custom homes, this property offers the perfect canvas to build without compromise. Whether you're a builder, investor, or future homeowner, opportunities like this are becoming increasingly limited. Conveniently located near shopping, dining, parks, expressways, and commuter access. Bring your builder. Bring your plans. Build your vision.

Lots and Land Active

Price

^$ 250,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 4,194

Style

Single Family

Lot Size

0.43

Town/City

Frankfort

County/Region

Will

MLS | Web ID

12649149

Features

General

Utilities Electric to Site Natural Gas Available Sewer Connected Water Available

Possession Closing

Zoning SINGL

Township Frankfort

Tax Year 2024

Current Use Single Family

Ownership Fee Simple w/ HO Assn.

County Will

Property Type Land Land

Subdivision Name Lighthouse Pointe

Status New

Directions Take LaGrange Rd south to Colorado Ave east to Michigan Island Dr. Property is located on the corner of Michigan Island Dr and Colorado Ave.

High School Lincoln-Way East High School

City Frankfort

High School District 210

MLS Area Frankfort

Elementary School Summit Hill Junior High School

Tax Annual Amount 4194.64

Middle/Junior High School Summit Hill Junior High School

Standard Status Active

Middle/Junior School District 161

Elementary School District 161

Exterior

Total Parking 0

Lot Dimensions 154.23X126.97X154.47X122.60

Lot Size Acres 0.43

Road Surface Type Asphalt

Frontage Length 154

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Turn Key Realty Solutions

Broker

myreagentmario@gmail.com

Affordability Calculator

$1,889

Per Month

Monthly Principal & Interest: $1,539
Monthly Property Taxes: $350
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Lots and land listings in Frankfort, IL

Average List Price ^$413,889

Percent of Sale Price 66%

About Frankfort, IL

18,979 Population

74% Since 2002

^$108,814 Median Income

43.78 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565475 Elementary School

565475 Middle School

Lincoln-Way East High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/17/2026	$250,000		Listed Price

Map

More homes like this one

homes for you

See all

20696 Michigan Island Drive, Frankfort, IL, 60423 is a Lots and Land for sale at $250,000 with a lot size of 0.43. 20696 Michigan Island Drive is a studio with 0.0 baths. The property's zip code is 60423 which is in Frankfort, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

http://www.mredllc.com/comms/resources/DMCA_Notice.pdf

Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/19/2026.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

20696 Michigan Island Drive

Lots and Land for sale in Frankfort, IL

Affordability Calculator

Map

More homes like this one

Get more info about this home