Frankfort Homes under $300,000

Welcome to Frankfort, Illinois, a charming village nestled in Will County, where small-town warmth meets modern convenience. Known for its picturesque landscapes and vibrant community spirit, Frankfort is a hidden gem that offers a perfect blend of suburban tranquility and urban accessibility. With its rich history, beautiful parks, and a thriving local economy, this delightful area is ideal for families, young professionals, and anyone seeking a welcoming place to call home.

One of the most appealing aspects of Frankfort is its diverse housing market, particularly for those seeking homes under $300,000. Here, prospective buyers will find a variety of options, from cozy single-family homes to contemporary townhouses, all designed to meet different lifestyles and budgets. The affordability of these properties makes Frankfort an attractive choice for first-time homebuyers, retirees looking to downsize, or anyone in search of a smart investment opportunity.

Frankfort is not just about homes; it’s about community. Enjoy leisurely strolls through the historic downtown area, where you can discover unique shops, delightful eateries, and vibrant local events throughout the year. The strong sense of community is further enhanced by excellent schools, well-maintained parks, and numerous recreational activities that cater to all ages.

With its ideal location just a short drive from Chicago, Frankfort offers the best of both worlds—peaceful living with easy access to the bustling city life. If you’re looking for an affordable home in a friendly community, Frankfort, Illinois, is the perfect place to start your journey. Explore the possibilities today!

Newest Frankfort Homes under $300,000

$89,000

3 Beds ⋅ 2 Baths ⋅ 12777499 MLS ⋅ NEW Status

DON'T MISS THIS 47X26 SKYLINE MANUFACTURED HOME IN FRANKFORTS ONLY 55+ COMMUNITY. 3 BEDROOMS 2 BATHS. HUGE EAT-IN KITCHEN W/ALL APPLIANCES INCLUDED. FRIDGE REPLACED 2026. THE ROOF WAS REPLACED IN 2018. A/C REPLACED IN 2023. FULL SIZE WASHER AND DRYER ALSO INCLUDED. 2 CAR DETACHED 24X18 GARAGE W/OPENER.

10825 W Gateway Drive, Frankfort

$199,000

3 Beds ⋅ 2 Baths ⋅ 12778097 MLS ⋅ NEW Status

The pond view is the SHOWSTOPPER! Waterfront opportunities in Gateway's 55+ community don't come around often. Enjoy your morning coffee or unwind at the end of the day in the three-season room overlooking both the water and walking path. This original-owner home, built in 2004, offers thoughtful storage, wheelchair accessibility, and major recent updates, including a new furnace in 2025 and an on-demand water heater installed in February 2026. A lift installed in the three-season room provides wheelchair access without the maintenance or space consumption of a traditional ramp. Inside, the main living area features drywall, ceiling fans in every room, and built-in cabinets and storage throughout. The primary suite offers a spacious walk-in closet, a wide stand-up shower, and updated vinyl flooring. A finished walk-up attic with its own electrical panel adds flexible space, while additional storage beneath the stairs helps keep everything organized. The heated 20x30 garage is a standout for anyone who enjoys working on cars, tackling projects, or simply wants serious hobby and storage space. Finished with drywall, it includes its own thermostat, electrical panel, ceiling fan, workbench, and pull-down stairs leading to an attic with plywood flooring. The garage and both attic spaces are fully insulated. Outside, concrete surfaces help keep maintenance simple, while window awnings along the street-facing and south sides provide additional shade. Gateway offers more than just a home, it's a lifestyle. Monthly lot rent includes water, sewer, garbage, scenic walking paths, stocked fishing ponds, clubhouse access, an exercise facility, and a full calendar of social events, fitness classes, car shows, chili cookoffs, and more. Opportunities like this are few and far between. Add in the three-season room overlooking the pond, accessibility features, incredible storage, and impressive heated garage, and this home truly stands apart. Don't wait for the next waterfront opportunity. Schedule your showing today!

23000 S Pinehurst Drive, Frankfort

$125,000

2 Beds ⋅ 2 Baths ⋅ 12773203 MLS ⋅ ACTIVE Status

Welcome Home! Experience the absolute best in active adult living in this beautifully updated, move-in-ready home located in the highly sought-after Gateway 55+ Community of Frankfort. Designed for comfort, convenience, and a vibrant social lifestyle, this turn-key property offers independent living with premium modern updates. Move-In Ready Upgrades: Enjoy brand-new, plush carpet in the living areas and bedrooms, paired with durable, stylish new vinyl flooring through the high-traffic zones. The master suite features a generous walk-in closet and a private en-suite bathroom. The second bedroom and full guest bathroom are perfect for overnight visitors or a dedicated home office. The oversized attached garage offers plenty of room for two vehicles, plus extra space for a golf cart, workshop, or storage.

22651 Foxfire Drive, Frankfort

20203 S Fairwood Court Unit #D, Frankfort

$260,000

3 Beds ⋅ 1 Baths ⋅ 12760330 MLS ⋅ ACTIVE Status

Just redone with new maple cabinets, new flooring throughout, new appliances, in unit washer and dryer and new paint! Not a thing to do but move in and relax! Great 2nd floor, 3 bedroom unit has attached garage with direct access, and a pond next door too. Close to all the downtown Frankfort shopping and dining. Easy access to expressways.

20203 S Fairwood Court Unit #D, Frankfort

$169,900

3 Beds ⋅ 3 Baths ⋅ 12762098 MLS ⋅ ACTIVE Status

Welcome to Gateway 55+ community! This home was built 12 years ago on a prime desirable lot with having a lovely backyard that backs up to open land! The view is beautiful and you can enjoy the peaceful setting right outside on your maintenance free composite deck with a retractable awning. This exceptional home offers over 1800 sq ft of living space. The family room is an open concept room adjoining with the spacious kitchen. In the family room the sliding doors opens up and leads you onto your deck to enjoy the quiet peaceful yard. The living room and dining room is a great size for gatherings. This large 3 bedroom house offers spacious rooms. The generous size master bedroom has a walk-in-closet, plus another smaller closet and ensuite. This house has been well maintained and is ready for the next owners to enjoy! New appliances includes: 2 refrigerators, dishwasher, washer/dryer. There's a lot to enjoy in this lovely community. The clubhouse is nearby, which has an exercise room. There's a few walking paths to enjoy, with one being behind the house making it convenient to take a nice morning stroll. As you are walking you will pass by a catch and release pond with a beautiful water fountain. It's a great place to enjoy the view and relax throwing out a line. This community is just a short drive to Historic downtown Frankfort, which offers entertainment, shopping and restaurants. This home is move in ready! Even though this house has been meticulously kept up it is being conveyed "As Is" condition. Monthly Lot Rental Includes: Water, Trash Collection, Sewer, Property Tax, Club House, Exercise Facilities

22949 S Glen Eagle Drive, Frankfort

$149,900

3 Beds ⋅ 2 Baths ⋅ 12762374 MLS ⋅ ACTIVE Status

Gateway an Over 55 community, at least 1 occupant must be 55+. No residents under 19 allowed. Looking for a bigger home and everything is too small? This is a 7 room house with L/R, D/R, F/R, eat-in kitchen, 3 bedooms and 2 baths. Here is your home a 28'X67' oversized Shamrock all drywall home on a corner lot that faces the street. Beautifully maintained home with large SCREENED-IN rear deck and 2 car HEATED garage. Sliding glass doors in family room lead to a large SCREENED IN deck on the rear of the home. CLACK water softener included. Newer INTERTHERM furnace 2026. 6 year old roof. Whirlpool range Dec. 2025, High-end Bosch dishwasher 5 years old, Samsung washer/dryer late 2025, newer water heater, newer Whirlpool refrigerator. All new carpet T/O and paint. Kitchen has a pantry and white cabinets. Chest freezer stays, TV on wall stays, and desk in office stays. This is one of the largest lots in the Gateway community. Front and rear step are double the size of normal steps for ez access to home. Corner lot therefore very few neighbors. Credit and Background checks required by the management. Park includes a walking trail, clubhouse with exercise room, gazebo and pond. 1 pet allowed. Immediate possession and measurements are approximate.

22738 S Ridge Lane, Frankfort

$89,900

3 Beds ⋅ 2 Baths ⋅ 12760908 MLS ⋅ ACTIVE Status

Beautifully maintained and this spacious mobile home offers an impressive split bedroom floor plan filled with natural sunlight and enhanced by soaring vaulted ceilings throughout. Major big-ticket improvements are already complete roof 2014 and air conditioning in 2014 offering peace of mind for years to come. The home welcomes you with a bright and expansive living/dining room combo. The spacious kitchen has a new stove and microwave that are 2 years old. The luxurious master suite features its own private bath with a whirlpool garden tub and separate shower, and a walk-in closet. With a total of three bedrooms and two full baths, this home offers comfortable space for family, guests, or a home office as bedroom #3 does not have a closet. A large laundry room and a two-car garage add everyday convenience. Meticulously cared for and filled with desirable amenities, this exceptional home blends comfort, style, and value-ready for its next proud owner. Gateway 55+ community has numerous amenities....Club house with Great Room and Fireplace, Fitness center, Library, Billards, Ping Pong, Walking paths, stocked Fishing ponds /with pier, Covered Pavillion w/gas grills....there are planned activities in the Clubhouse to keep everyone busy! Make your appointment today to see your forever home.

23001 S Cog Hill Lane, Frankfort

20335 S Rainford Drive Unit #1B, Frankfort

$230,000

2 Beds ⋅ 2 Baths ⋅ 12743226 MLS ⋅ ACTIVE Status ⋅ Hawthorne Lakes BLDG.

Freshly painted 2-bedroom, 2-bath first-floor condo in a 55+ elevator building! The porch was recently enclosed, adding a great space to enjoy throughout the seasons. Inside, you'll find an open living and dining area, kitchen with appliances staying, and a primary bedroom with a private full bath. The second bedroom is located near the additional full bath. In-unit laundry includes a full-size washer and dryer, utility sink, and counter space. An oversized 1-car garage provides plenty of additional storage.

20335 S Rainford Drive Unit #1B, Frankfort

$79,999

2 Beds ⋅ 2 Baths ⋅ 12745229 MLS ⋅ ACTIVE Status

One of Gateway's lowest-priced opportunities, plus seller credit available! Priced at just $79,900, this 2-bedroom, 2-bath home offers a rare combination of affordability, privacy, and location in the desirable Gateway 55+ community. Tucked away on a quiet dead-end street alongside a peaceful creek with no side neighbors, this home offers open green space and a setting that is hard to find at this price. Inside, you'll find a spacious living area, dedicated dining space, built-in storage, a primary suite with private bath, and a versatile second bedroom. The enclosed porch adds even more space to relax, entertain, or enjoy your morning coffee. Appliances are included, and the seller is willing to offer a credit, giving the next owner added flexibility to make the home their own. Monthly lot rent is $1,250 and includes water, sewer, and garbage, plus access to the clubhouse, exercise facility, pool tables, activities, walking paths, and stocked fishing ponds. At $79,900 with seller credit available, this is an opportunity you'll want to see in person. Schedule your showing before it's gone!

22654 Foxfire Drive, Frankfort

$129,900

3 Beds ⋅ 2 Baths ⋅ 12741956 MLS ⋅ ACTIVE Status

Welcome to this light and bright 3 bedroom, 2 bath home in Gateway, a vibrant 55+ community! The spacious living room features a vaulted ceiling and flows into a separate dining room. The kitchen offers a breakfast bar and plenty of cabinet space for all your storage needs. The generous primary bedroom features a private en suite with a huge soaking tub, separate walk in shower and dual vanities. Two additional bedrooms share a hall bath with soaking tub. A separate laundry room provides extra storage. Enjoy summer evenings from the inviting front porch or take advantage of all the community has to offer, including scenic walking paths, three stocked fishing ponds, a clubhouse with lounge, exercise facility, ping pong and billiard tables, and a full calendar of social events and activities. Detached 2 car garage and extra long driveway provide plenty of parking. Lot rent includes water, sewer and trash. Come enjoy easy living and an active community lifestyle at Gateway!

23007 Cog Hill Drive, Frankfort

20209 S Graceland Lane Unit #20209, Frankfort

$229,000

2 Beds ⋅ 1 Baths ⋅ 12738251 MLS ⋅ ACTIVE Status

Easy living, all on one level. This walk-up Frankfort townhome features a private entrance and attached garage on the lower level, with the entire living space thoughtfully arranged upstairs. The bright, open layout connects a spacious living room, dining area and updated kitchen with soft-close maple cabinetry, granite countertops and stainless-steel appliances. A private balcony extends the living space outdoors, while two generously sized bedrooms, an updated full bath and in-unit laundry complete the home. Additional highlights include newer windows, abundant storage and extra space in the garage. Enjoy nearby parks, walking trails, tennis courts, a playground and a scenic pond-all in a convenient location close to shopping, dining, Metra and I-80.

20209 S Graceland Lane Unit #20209, Frankfort

$65,000

3 Beds ⋅ 2 Baths ⋅ 12734654 MLS ⋅ ACTIVE Status

This 1994 built, three-bedroom, 2 baths unit is located on a corner lot of Gateway Homes. It sits high and dry on the lot and features a 2-car detached garage. You are greeted by the large Living Room with the open view of the Kitchen and Family Room. The Family Room sports a stone fireplace and is surrounded by natural light with all its windows. The eat-in Kitchen features all appliances staying with the unit along with ample table space. The Master Bedroom is large enough for a king-sized bed and has good storage space. The suite is complete with its own master bath with soaking tub and separate shower. The two other bedrooms offer a great guest room space, home office or craft room. You will love the outdoors on the oversized wooden deck right outside the Kitchen door!

22737 Beverly Drive, Frankfort

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