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  3. Frankfort, IL
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  5. 7319 Colony Ln
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7319 Colony Ln

7319 Colony Ln, Frankfort, IL, 60423
Prestwick

YEAR BUILT

1972

# STORIES

3

# TOTAL UNITS

15

UNIT SIZE RANGE

1,100-1,900 sqft

Description

The building at 7319 Colony Lane sits in the Prestwick community of Frankfort. This low-rise structure has 3 stories and a total of 15 units. Constructed in 1972, it offers a mix of one, two, and three-bedroom layouts. Unit sizes range from 1,100 to 1,900 square feet. Recent sales show prices between $297,000 and $300,100. The average price per square foot is about $207. Units typically sell within 44 days, giving buyers a fair chance to make decisions. The average closed price for the building is around $298,500. Residents enjoy amenities like laundry facilities, a clubhouse, and a pool. There is underground heated parking available for added convenience. The building also features an elevator for easier access to all floors. Scenic views of the Prestwick Golf Course add to the charm of living here. Floor-to-ceiling windows in some units allow ample light and create a spacious feel. The sundeck offers a nice spot to relax and enjoy the outdoors. Being close to Old Plank Trail makes this location better for outdoor activities. The downtown area of Frankfort is also nearby. Local businesses include Circle K for groceries and Life Safety Hardware Consultan for supplies. This environment promotes a friendly community atmosphere.

Building ImageMLS ID #11987057
Building ImageMLS ID #12341726
Building Image
Building ImageView Listing

7319 Colony Ln

7319 Colony Ln, Frankfort, IL, 60423


Prestwick

YEAR BUILT

1972

# STORIES

3

# TOTAL UNITS

15

UNIT SIZE RANGE

1,100-1,900 sqft

Description

The building at 7319 Colony Lane sits in the Prestwick community of Frankfort. This low-rise structure has 3 stories and a total of 15 units. Constructed in 1972, it offers a mix of one, two, and three-bedroom layouts. Unit sizes range from 1,100 to 1,900 square feet. Recent sales show prices between $297,000 and $300,100. The average price per square foot is about $207. Units typically sell within 44 days, giving buyers a fair chance to make decisions. The average closed price for the building is around $298,500. Residents enjoy amenities like laundry facilities, a clubhouse, and a pool. There is underground heated parking available for added convenience. The building also features an elevator for easier access to all floors. Scenic views of the Prestwick Golf Course add to the charm of living here. Floor-to-ceiling windows in some units allow ample light and create a spacious feel. The sundeck offers a nice spot to relax and enjoy the outdoors. Being close to Old Plank Trail makes this location better for outdoor activities. The downtown area of Frankfort is also nearby. Local businesses include Circle K for groceries and Life Safety Hardware Consultan for supplies. This environment promotes a friendly community atmosphere.

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Description

The building at 7319 Colony Lane sits in the Prestwick community of Frankfort. This low-rise structure has 3 stories and a total of 15 units. Constructed in 1972, it offers a mix of one, two, and three-bedroom layouts. Unit sizes range from 1,100 to 1,900 square feet. Recent sales show prices between $297,000 and $300,100. The average price per square foot is about $207. Units typically sell within 44 days, giving buyers a fair chance to make decisions. The average closed price for the building is around $298,500. Residents enjoy amenities like laundry facilities, a clubhouse, and a pool. There is underground heated parking available for added convenience. The building also features an elevator for easier access to all floors. Scenic views of the Prestwick Golf Course add to the charm of living here. Floor-to-ceiling windows in some units allow ample light and create a spacious feel. The sundeck offers a nice spot to relax and enjoy the outdoors. Being close to Old Plank Trail makes this location better for outdoor activities. The downtown area of Frankfort is also nearby. Local businesses include Circle K for groceries and Life Safety Hardware Consultan for supplies. This environment promotes a friendly community atmosphere.

7319 Colony Ln Market Stats Last 12 months

Avg. Listed Price$303,234($208/Sqft.)
Avg. Sale Price$298,500($207/Sqft.)
Year over year list priceUp Arrow8.30%
Year over year sale priceUp Arrow 6.61%
Total Listings3 Listed
Total sold2 Sold
Average Days on Market44 days
Average HOA fees per sqft$5 /monthly
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Market Stats

Year over year list priceUp Arrow8.30%
Year over year sale priceUp Arrow6.61%
Total Listings3 Listed
Total sold2 Sold
Average Days on Market44 days
Average HOA fees per sqft$5 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

7319 Colony Ln Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 1G1G150022522025-12-18
MLS#: 12498033 		Closed$300,000
Unit 1C1C140022272025-08-29
MLS#: 12436107 		Closed$300,000
Unit 2A2A150022592025-06-20
MLS#: 12341726 		Closed$297,000
Unit 1C
1C

2 Beds

2 Baths

1400 sqft

DateStatusPrice
2025-08-29Closed$300,000
MLS#: 12436107
Days On Market27
Unit 1G
1G

2 Beds

2 Baths

1500 sqft

DateStatusPrice
2025-12-18Closed$300,000
MLS#: 12498033
Days On Market52
Unit 2A
2A

2 Beds

2 Baths

1500 sqft

DateStatusPrice
2025-06-20Closed$297,000
MLS#: 12341726
Days On Market59
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the perks of living at 7319 Colony Ln is the fantastic amenities at your disposal. Imagine being able to enjoy sunny afternoons on the sundeck, or hosting get-togethers on the patio with friends! The building also features elevators for easy access to your home, and convenient laundry facilities, taking some of the hassle out of laundry day. Plus, if you enjoy golf, you'll love being close to a nearby golf course. It’s the little things that make condo living special!

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Amenities Description

One of the perks of living at 7319 Colony Ln is the fantastic amenities at your disposal. Imagine being able to enjoy sunny afternoons on the sundeck, or hosting get-togethers on the patio with friends! The building also features elevators for easy access to your home, and convenient laundry facilities, taking some of the hassle out of laundry day. Plus, if you enjoy golf, you'll love being close to a nearby golf course. It’s the little things that make condo living special!

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
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Amenities

Elevator(s)

Elevator(s)

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Sundeck

Sundeck

Patio

Patio

Storage

Storage

Balcony

Balcony

Policies

As a potential homeowner, it’s important to be aware of the building policies. Good news — 7319 Colony Ln has a pet-friendly policy, so your furry friends are welcome here! There are also size and number limits regarding pets to maintain harmony within the community, allowing both cat and dog lovers to feel right at home. Just another reason to consider making this charming condo your new place!

Next

Amenities Description

As a potential homeowner, it’s important to be aware of the building policies. Good news — 7319 Colony Ln has a pet-friendly policy, so your furry friends are welcome here! There are also size and number limits regarding pets to maintain harmony within the community, allowing both cat and dog lovers to feel right at home. Just another reason to consider making this charming condo your new place!

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
7319 Colony Ln$207/sqft.$5 /sqft.
Prestwick$207/sqft.$5 /sqft.
Prestwick$184/sqft.$4 /sqft.
7323 Heritage Ct$184/sqft.$4 /sqft.
7324 Heritage Ct$200/sqft.$5 /sqft.
Prestwick$180/sqft.$5 /sqft.

Nearby Schools

7319 Colony Ln is located in , Frankfort, with multiple schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.

Chelsea Elementary School

A+
Public|Grades 3–5
22265 S 80th Ave|0.78 miles away

Indian Trail Elementary School

C+
Public|Grades 1–4
20912 S Frankfort ...|1.01 miles away

Summit Hill Junior High School

A
Public|Grades 7–8
7260 W North Ave|1.35 miles away

Bobbie Noonans Child Care

--
Private|Grades PK–KG
8717 W Lincoln Hwy|1.62 miles away
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Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

7319 Colony Ln is located in , Frankfort, with multiple schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.

Chelsea Elementary School

A+
Public|Grades 3–5
22265 S 80th Ave|Less than 1 Mile Away

Indian Trail Elementary School

C+
Public|Grades 1–4
20912 S Frankfort ...|1.01 Miles Away

Summit Hill Junior High School

A
Public|Grades 7–8
7260 W North Ave|1.35 Miles Away

Bobbie Noonans Child Care

--
Private|Grades PK–KG
8717 W Lincoln Hwy|1.62 Miles Away

Transit

No Transit Data Available

The Neighbourhood: 7319 Colony Ln

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7319 Colony Ln Demographics

Age Demographics

0–14 Years

22.75%

15–29 Years

17.16%

30–44 Years

15.43%

45–59 Years

24.18%

60+ Years

20.48%

Commute

2.42%

Transit

1.84%

Walk

81.54%

Drive

0%

Bike

Housing Ownership

85.71%

Owner Occupied

14.29%

Rental Units

Household Types

Single Family
28.14%
Multi Family
13.87%
Single Person
21.13%
Multi Person
78.87%

Average Income

Household:$11,931,027.71 /yr

Individual:$4,013,420.43 /yr

Education

Bachelors Degree21.63%
High School College32.43%
Diploma9.18%
Post Graduate14.02%
Others22.75%
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Education

Diploma9.18%
Post Graduate14.02%
Others22.75%
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  2. /Frankfort, IL
  3. /
    7319 Colony Ln
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