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Single Family ResidenceResidential
$374,650$222 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $280,000 on Sep 22, 2008

516 ELM ST

FRANKFORT, IL 60423
3
Beds
2
Baths
1,690 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.32 ac
Lot SizeThe size of the land the home sits on, from county records.
1970
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$375K
$362K low$388K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$280,000 · Sep 22, 2008

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,631 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$114,727 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$23,713
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$91,014
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$107,624
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$344,181

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.47
43
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
5
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
72
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
76
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
40
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.7 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.34%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.0.2 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyWILL
Lot (acres)The size of the land the home sits on, from county records.0.32
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Lincoln-Way East High SchoolA
High · Grades 9–12 · 0.3 mi
E
Grand Prairie Elementary School
Elementary · Grades PK–2 · 1.1 mi
M
Hickory Creek Middle SchoolA+
Middle · Grades 6–8 · 2.7 mi

District: Lincoln Way Community High School District 210

Neighborhood · ZIP 60423These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.61
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.95
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.46

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.29%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.2%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.7%
PopulationHow many people live in this area.34,265
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.919 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$140,721
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$155,159
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.39 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

516 Elm St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 76% of homes in Frankfort 60423
  • Smaller than 66% of homes in Frankfort 60423
  • Has a bigger lot than 74% of homes in Will County
  • Older than 91% of homes in Frankfort 60423

What homes are worth in Frankfort 60423

Each bar is how many homes fall in that price range. The marker is this home.

This home
$227K$1M

This home is worth more than 24% of homes in Frankfort 60423.

How it measures up in Frankfort 60423

The dot is this home. The mark in the middle is the typical home in Frankfort 60423.

Estimated value$374,650
CheaperTypical $499,254Pricier

Pricier than 24% of homes nearby

Price per ft²$222
CheaperTypical $218Pricier

Pricier than 54% of homes nearby

Living area1,690 ft²
SmallerTypical 2,182 ft²Bigger

Bigger than 34% of homes nearby

Lot size0.32 ac
SmallerTypical 0.34 acBigger

Bigger than 44% of homes nearby

Year built1970
OlderTypical 1992Newer

Newer than 9% of homes nearby

How 516 Elm St ranks against every home in each area.
MeasureThis homeFrankfort 60423Will County
Estimated valuepricier than$374,65024% of homes51% of homes
Price per ft²pricier than$22254% of homes62% of homes
Living areabigger than1,690 ft²34% of homes44% of homes
Lot sizebigger than0.32 ac44% of homes74% of homes
Year builtnewer than19709% of homes23% of homes

About 516 Elm St

How much is 516 Elm St, Frankfort, IL worth?

The TopHap Estimate for 516 Elm St, Frankfort, IL is $374,650 as of Sep 24, 2026. The likely range is $361,755 to $387,545. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 516 Elm St, Frankfort, IL last sell?

516 Elm St, Frankfort, IL last sold on Sep 22, 2008 for $280,000, according to the county's recorded deed.

How big is 516 Elm St, Frankfort, IL?

516 Elm St, Frankfort, IL has 3 bedrooms, 2 bathrooms, 1,690 square feet of living space and a 0.32-acre lot.

When was 516 Elm St, Frankfort, IL built?

516 Elm St, Frankfort, IL was built in 1970, making it 56 years old. The building has 1 story.

What schools serve 516 Elm St, Frankfort, IL?

516 Elm St, Frankfort, IL is assigned to Lincoln-Way East High School (high), rated A; Grand Prairie Elementary School (elementary); Hickory Creek Middle School (middle), rated A+. All sit in Lincoln Way Community High School District 210. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 516 Elm St, Frankfort, IL compare to other homes in Frankfort 60423?

Among the 11,000 homes in Frankfort 60423, it is worth more than 24% of them ($374,650 against a typical $499,254), its price per square foot is higher than 54% of them ($222 against a typical $218), it is bigger than 34% of them (1,690 ft² against a typical 2,182 ft²), its lot is bigger than 44% of them (0.32 ac against a typical 0.34 ac) and it is newer than 9% of them (1970 against a typical 1992). Measured against all of Will County, it is worth more than 51% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 516 Elm St, Frankfort, IL?

The 2025 property tax bill for 516 Elm St, Frankfort, IL was $7,631. The county assessed it at $114,727.

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