c.1900 Three Bedroom Affordable Illinois Home Under $50K
$49,900
Your search ends here! This 3-bedroom, 1.5-bath affordable Illinois home offers plenty of space with both a living room and a family room, a spacious eat-in kitchen, and a formal dining area—perfect for everyday living and entertaining.
Realtor Comments
Sizeable bedroom on first floor with 1/2 bath and 2 more bedrooms upstairs. Front porch ready for a swing and back deck has a wheel chair accessible ramp plus nice size carport. There is also a small basement perfect for our stormy weather. Lots of home for a small price!!!
- 3bed
- 1.5bath
- Circa 1900
306 E 5th St, West Frankfort, IL 62896 $49,900
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Contact Realtor: Christy Powers
Pros
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Top-rated schools & safe environment
— Lincoln-Way East High School and Frankfort public schools earn A/A– grades from Niche; middle and elementary schools score high as well
— Crime rates—both violent and property—are notably below national averages, making it a low-crime area . -
Strong community vibe & amenities
— A charming, walkable downtown with boutiques, restaurants, and community events like Fall Fest, Concerts on the Green, and bluegrass festivals
— Plenty of parks, trails (like Old Plank Road), and recreational facilities including golf courses and nature preserves -
High homeowner stability & economic strength
— Over 90% homeownership; median household income around $145 K and per capita income ~$53 K—well above state and national averages
— Unemployment is low (~4%), with strong job opportunities locally and in nearby Chicago -
Commute-friendly transit access
— Located near I‑80 with easy Metra access (Rock Island line via Hickory Creek/Mokena/Tinley), making commutes to Chicago (~30–45 min) feasible
⚠️ Cons
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High cost of living & property taxes
— Median home prices range from ~$493K–$525K—over $100 K above national averages
— Property taxes are notably steep, particularly in top school districts -
Suburban growth & traffic congestion
— Rapid expansion has increased traffic and reduced the small-town feel in some neighborhoods .
— Some residents report an “uppity” social atmosphere, limited diversity, and less welcoming older communities -
Water quality issues
— Many homes rely on well water, which is often hard with sulfur content—leading to complaints about taste, appliances, or laundry staining -
Limited nightlife & urban entertainment
— Nightlife and cultural venues within Frankfort are modest; more vibrant options require travel to nearby suburbs or Chicago
