501 Hobby Avenue — Frankfort, IL 60423
Active Under Contract
Frankfort, IL 60423

501 Hobby Avenue

$449,000
4 beds · 3 baths · 1,965 sqft
$999 below original 16 days on market $7,991/yr taxes
01About this home

Tucked into one of Frankfort's most sought-after locations within the Lincoln-Way East High School district, this 4-bedroom, 2-bath home offers the kind of space and comfort that feels right the moment you walk in. Hardwood floors carry through the main living areas, creating a warm and inviting setting for everyday living. The layout is both functional and flexible, featuring four generously sized bedrooms and two full baths designed to fit a variety of lifestyles. A rare sub-basement adds an entirely separate level of space-ideal for recreation, additional living, or exceptional storage-offering versatility not often found. Step outside to a fully fenced yard framed by mature trees, creating a private and peaceful setting. A brick paver patio provides the perfect space for entertaining or relaxing, surrounded by beautifully maintained landscaping and blooming flowers that bring color and charm throughout the seasons. Perfectly positioned near top-rated schools, parks, shopping, and dining, this home delivers both convenience and a strong sense of community in one of Frankfort's most desirable areas.

02Inside the home
03By the numbers
$449,000
List price
1,965
Square feet
4
Bedrooms
2 full / 1 half
Bathrooms
1968
Year built
Lot size
2
Garage spaces
$7,991
Annual taxes
Detached Single
Style
16
Days on market
04Features
Heating
Natural Gas
Cooling
Central Air
Appliances
RangeMicrowaveDishwasherRefrigeratorWasherDryer
Parking
AttachedGarage
Construction
Brick
Sewer
Public Sewer
05Neighborhood
This home EElementary schoolMMiddle schoolHHigh school
E Elementary school
Chelsea Elementary School
Frankfort, IL
📍0.3 mi🚗1 min🚶7 min
M Middle school
Hickory Creek Middle School
Frankfort, IL
📍2.5 mi🚗7 min🚶61 min
H High school
Lincoln-Way East High School
Frankfort, IL
📍0.5 mi🚗1 min🚶12 min
  • Aurelio's Pizza 0.2 mi
  • Jersey Mike's Subs 0.6 mi
  • Noodles & Company 0.6 mi
  • McDonald's 0.6 mi
  • Buffalo Wild Wings 0.8 mi
  • Culver's 0.8 mi
  • Jewel-Osco 0.4 mi
  • BP Shop 0.6 mi
  • Mariano's Fresh Market 0.7 mi
  • Speedway 1.5 mi
  • Lincoln Meadows Park 0.3 mi
  • Tanglewood Park 0.5 mi
  • Michelle Bingham Park 0.7 mi
  • Breidert Green Park 0.8 mi
  • Main Park 0.9 mi
  • Indian Boundary Park 1.1 mi
  • Starbucks 0.6 mi
  • Dunkin' 0.9 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 14, 2026
Price reducedThis listing
eXp Realty
$449,000
−$999
Apr 29, 2026
Listed for saleThis listing
eXp Realty
$449,999
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

Real answers about this home — pricing, schools, what to ask, anything.

08See it for yourself

Stand in the kitchen.
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09Similar homes
Listed by eXp Realty · Randi Quigley · 708-446-0328
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12633177
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