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Frankfort 60423
262 Mulberry Road
Photo of 262 Mulberry Road
Sold on Jun 12, 2026

39

Map

Photo of 262 Mulberry Road
Photo of 262 Mulberry Road
$565,000
● House - Off Market

262 Mulberry Road

Frankfort, IL 60423
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,425 Ft²
$3,527
Est. Monthly
Unit Size
2,425 Ft²
Days on Market
-
Land Size
-
Price per sqft
$231
Property Type
House
Property Taxes
$777
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 506
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,557
  • Total Building Area: 1,923
  • Building Area: 1,923
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 1,923
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKSIDE SUB
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 54 IN BROOKSIDE SUB, BEING A SUB OF PRT OF THE W1/2 OF THE SW1/4 OF SEC. 21, T35N-R12E.

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883516

Geography

  • Parcel: 19-09-21-305-012
  • Lot: 54
  • Meridian: SEC 21 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5037
  • Longitude: -87.865

    Address

  • Full Address: 262 Mulberry Rd
  • Address - House Number: 262
  • Address - Street Name: Mulberry
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C004
  • 4-Digit Zip Code: 1212
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $829,814
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 425,000
  • High Value: 485,337
  • Low Value: 364,664

    Market Valuation

  • Market Total Value: $326,334
  • Market Land Value: $55,815
  • Market Improvement Value: $270,519

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $108,778
  • Assessed Land Value: $18,605
  • Assessed Improvements Value: $90,173

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 01, 1991
  • Current Sale Recording Date: Jun 01, 1991
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Frankfort

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

46

Average Home Size

3239 ft²

Average Home Age

25.5 years

Currently For Sale

60 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: James Murphy, Murphy Real Estate Group
Data Source: MRED, MLS# MRD12591045
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 262 Mulberry Road built and last sold?
The property at 262 Mulberry Road was built in 1986 and last sold on Jun 1, 1991 for $172,500.
How much is this home worth?
The estimated value of the home located at 262 Mulberry Road is $0.
What are some comparable homes to 262 Mulberry Road?
There are currently no comparable homes to 262 Mulberry Road.
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