Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$409,900

For Sale - Active
20216 S Greenfield Ln, Frankfort, IL 60423
5 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1972
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jun 25, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$692
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Property Description


0.00 Acres Lot
Built in 1972
For Sale - Active
Units n/a

Spectacular, Sun-Drenched FIVE BEDROOM, Two Bath High-end Frankfort Square Rehab with Large Addition NOW AVAILABLE for Sale! This Rehab Has It All and So Much Space! Entrance Staircase with Custom Railings Leads to Open Floorplans on Both Levels! HUGE Main Level Includes Living Room, Dining Room, Kitchen, Family Room Addition with Fireplace, Three Bedrooms & a Full Bathroom. Beautiful Kitchen Features Granite Countertops, White Soft Close 42" Shaker Cabinets, LARGE Island, Ceramic Backsplash, Stainless Steel Appliances. Main Level Oak Hardwood Floors Throughout, Specialty & Recessed Lighting and Modern, Low Profile Ceiling Fans. Spacious Lower Level with Grey Wood Grain Laminate Plank Floors - Features Large Recreation Room with Dry Bar, Two More Bedrooms, Utility Room & Large Mudroom/Storage. Two Brand New Bathrooms Include New Granite Counter Vanities and Ceramic, Glass & Stone Baths & Showers. Bronze Fixtures Throughout. Deep 2.5 Car Garage with New Garage Doors and Storage. Fenced-in Backyard with Shed. NEW Front Porch Railings, and Front Door Cedar Overhang & Shutters! Top Notch Schools - Summit Hill Junior High & Lincoln-Way East HS! Nearby Restaurants, Shopping, Parks, I-80. Jaw-dropping Home, See It NOW!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Concrete, Garage Door Opener, On Site, Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Concrete Perimeter
  • Roof Type: Gable or Hip
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 190913105026
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1972

Tax Information

  • Annual Tax: $7,373

Utilities

  • Water & Sewer: Shared Well
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Will

Listing Details


Listed by:
Brian Martello
Martello Realty Group LLC
(708) 288-7349

Source:
Midwest Real Estate Data (MRED)
MLS#: 12349586
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$692
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Purchase Details

Find an Agent

Purchase price:
$409,900
Amount financed:
-$327,920
Down payment:
$81,980
Closing costs:
$12,297
Rehab costs:
$0
Initial cash invested:
$94,277
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$327,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,940
Property tax:
$615
Insurance:
$189
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,744

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,700 $32,400
Vacancy loss: (6%)
6% -$162 -$1,944
Operating income:
$2,538 $30,456

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$615-$7,374
Insurance: (7%)
7%-$189-$2,268
Property management: (8%)
8%-$216-$2,592
Repairs & maintenance: (5%)
5%-$135-$1,620
Capital expenditures: (5%)
5%-$135-$1,620
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (48%)
48%-$1,290-$15,474

Cash Flow


Monthly Yearly
Net operating income:
$1,248 $14,976
Mortgage payments:
-$1,940 -$23,280
Cash flow:
$692 $8,304