550 Cedar Ln, Frankfort, IL 60423 Property Records

Will County property record for 550 Cedar Ln, Frankfort, IL 60423

Property Summary

Property Type	Single Family Home
Details	3 bd · 3 ba · 1,843 sqft · built 1986
Lot Size	0.63 acres (27,437 sqft)
Owner	Individual Name on File
Last Sale	$420,000 (Apr 2011)
Tax Bill	$15,687 (2025)
Deeds & Mortgages	Apr 2020 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`19-09-20-202-016`

Property Details

APN / Parcel Number

Primary APN	`19-09-20-202-016`
Alternative APN	`09202020160000`

Interior

Bedrooms	3 Beds
Full Baths	3 Baths
Half Baths	1 Half Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,843 sqft Living Area
Basement Area	495 sqft
Unfinished Basement	495 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1986
Effective Year Built	Effective 1986
Architectural Style	Ranch
Exterior Material	Wood Siding
Construction Type	Wood
Roof Type	Gable/Hip
Roof Material	Composition Shingle
Lot Area	27,437 sqft (0.63 acres)
Garage Type	Attached
Parking Spaces	2 Parking Spaces

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Central

Location & Zoning

Street Address	550 CEDAR LN
City	FRANKFORT
State	IL
Zip	60423-1066
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 15 IN BUTTERNUT CREEK WOODS UNIT 1, BEING A SUB PRT OF THE E1/2 OF THE NE1/4 OF SEC 20, T35N-R12E.
Legal Range	12E
Legal Township	35N
Legal Section	20
Legal Subdivision	BUTTERNUT CREEK WOODS
Legal Lot Number	15
Legal Unit	1
Jurisdiction	WILL IL
Township / Civil Division	FRANKFORT
Census Block Group	3
Census Block	3005
Census Tract	883515

Owner

550 Cedar Ln is owned and occupied by an individual who bought it in April 2011.

Source: Will County records, as of August 24, 2026

Owner of Record	Individual Name on File
Mailing Address	550 CEDAR LN, FRANKFORT, IL 60423-1066
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 26, 2011 · Amount on File
Deed Sale	Apr 26, 2011 · Amount on File
Deed Document Number	201140053
Record Updated	Oct 29, 2026

April 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WILL IL
Property Address	550 CEDAR LN, FRANKFORT, IL 60423-1066
Transaction Type	Mortgage
Record Updated	Feb 5, 2021
Title Company	OLD REPUBLIC TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000028832
Date	Apr 17, 2020
Instrument	R2020028832

Lender

Name	MARQUETTE BANK
Type	Bank
Address	ORLAND PARK, IL 60467

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Apr 1, 2050

Interest

Rate Type	Fixed Rate
Rate	3%

Tax Assessment & Valuation

The 2025 property tax bill for 550 Cedar Ln was $15,687.

Source: Will County assessment roll, as of August 24, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Will County
County Subdivision	Frankfort Township
Municipality	Frankfort Village
Elementary School District	Frankfort Community Consolidated School District 157C (PK - 08)
Secondary School District	Lincoln Way Community High School District 210 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$15,687.00	$208,634 (+6.6%) Land $67,307 Building $141,327	$625,902 (+6.6%) Land $201,921 Building $423,981
2024		$195,717 Land $63,140 Building $132,577	$587,151 Land $189,420 Building $397,731
2022	$13,176.00 Homeowner's exemption	$159,208 Land $51,362 Building $107,846	$477,624 Land $154,086 Building $323,538

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 550 Cedar Ln in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective June 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone A, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 550 Cedar Ln is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 94% of Illinois
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	FRANKFORT serves 24,000 people · EPA ID IL1970400
Water Source	Groundwater
Last State Inspection	Sep 2025
Lead	1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	3 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 152 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	1,200 / 35
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T DSL	100 / 20

May also be available: Bertram Communications.

Nearby Properties on Cedar Ln

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures