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853 E Walnut St, Frankfort, IN, 46041

3beds
2baths
2,353sqft
$250,000
$106price/sqft
$2,000/moest. monthly cost
$80,000/yrincome needed

About This Home

Welcome to this 3-bedroom, 2-bath home offering over 2,300 square feet of space in the heart of Frankfort. Situated in a great neighborhood with sidewalks and just a short walk to Dorner Park, this home is full of opportunity for the right buyer. Inside, you’ll find a generous layout with large living spaces and plenty of natural light. The home features an unfinished basement and attic, offering ample storage or future expansion possibilities. One of the standout features is the flexibility of the upstairs—currently set up as a bedroom, but it could easily be converted back into a kitchen to create a duplex setup or finished as a true third bedroom for a single-family layout. The upstairs bathroom is functional but ready for your personal updates, making this a great opportunity to add value and make it your own. Enjoy the bonus of an all-seasons room off the back of the home, perfect for a playroom, second living area, or relaxing space year-round. Major improvements have already been completed, including a new roof in 2023 and a new furnace in 2025, giving peace of mind on big-ticket items. Outside, the 11,880 sq ft lot provides room to enjoy the outdoors, entertain, or expand your vision. Whether you’re looking for a spacious single-family home or an investment opportunity, this property offers versatility, location, and potential all in one.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

7/10
Frankfort Middle SchoolGrades 6-81.1 mi
3/10

Construction

Condition

  • Year built: 1905

Materials

  • Foundation: Crawl/Raised
  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily

Interior

Appliances

  • Appliances included: Garbage disposal,Range / Oven

Basement

  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Carpet,Laminate,Linoleum / Vinyl

Heating & Cooling

  • Heating features: Forced air,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 2,353 sqft

Property

Details

  • Parcel number: 121011165006000021

Features

  • Exterior features: Vinyl
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 0.27 Acres

Parking

  • Total spaces: 6
  • Parking features: Off-street