Parking Information

Garage YN

No

Carport YN

No

Building

Year Built

1829

Accessibility Features YN

No

Lot

Lot Size Source

Public Records

Lot Size Acres

0.25

Lot Size Square Feet

10890

Pool Private YN

No

View YN

Yes

Waterfront YN

No

Water Body Access YN

No

Horse YN

No

Utilities

Cooling YN

No

Heating YN

No

Cable Available

Yes

Electricity Available

Yes

Sewer Connected

Yes

Water Connected

Yes

Remarks

Public Remarks

Opportunities like this rarely come along. Built in the 1820s, this all-brick historic property sits in one of the most prime locations in all of Frankfort and is ready for its next chapter. The main house has already been mostly gutted, providing a blank canvas for the next owner to bring their vision to life while preserving incredible historic features that remain intact. Inside you'll find gorgeous original hardwood floors, massive pocket doors, and soaring 12-foot ceilings in several rooms—the kind of craftsmanship that simply can't be replicated today. This property offers tremendous flexibility and could easily be finished as a large single-family historic home with multiple bedrooms and bathrooms, or redesigned as a multi-unit investment property. It would also make an excellent short-term rental, live-work space, or even a boutique business location depending on the buyer's vision. Adding even more value is the guest house located in the backyard, which features four bedrooms and two bathrooms. This structure could remain a spacious guest residence, be used for short-term rentals, or easily be converted into two separate two-bedroom apartments, creating an additional income opportunity. For investors and developers, this project is an ideal candidate for historic restoration tax credits, which may allow 30-40% of qualified improvement costs to be returned as tax credits. That makes this not only an exciting restoration project but also a financially smart one. With its historic character, prime location, and endless possibilities, 514 Ann Street presents a rare opportunity to restore and reimagine one of Frankfort's historic properties. Whether you're looking to create a stunning family home, a unique investment property, or a standout short-term rental, this property offers the chance to bring a true piece of Frankfort history back to life.

Amenity Fee Details

Amenity Fee YN

No

Room Types

Bathroom 1 Level

First

Bathroom 2 Level

Second

Bathroom 3 Level

Second

Bathroom 4 Level

Second

Bathroom 5 Level

First

Den Level

First

Great Room Level

Second

Kitchen Level

First

Living Room Level

First

Primary Bedroom Level

First

Bathroom 1

Yes

Bathroom 2

Yes

Bathroom 3

Yes

Bathroom 4

Yes

Bathroom 5

Yes

Den

Yes

Great Room

Yes

Kitchen

Yes

Living Room

Yes

Primary Bedroom

Yes

Currently Not Used

List Price/Acre

2799600

Tax & Legal

Elementary School

Second St

Middle Or Junior School

Second St Middle

High School

Western Hills

Tax Rate

1.68

Association/Community

Association YN

No

Basement

Unfinished

Yes

Construction Materials

Solid Masonry

Yes

Stone

Yes

Fireplace Features

Den

Yes

Dining Room

Yes

Family Room

Yes

Masonry

Yes

Flooring

Hardwood

Yes

Foundation Details

Stone

Yes

Levels

Two

Yes

Lot Features

Other

Yes

Other Structures

Guest House

Yes

Parking Features

Driveway

Yes

Off Street

Yes

Patio And Porch Features

Other

Yes

Possession

Negotiable

Yes

Roof

Shingle

Yes

Sewer

Public Sewer

Yes

Showing Considerations

Electricity Not On

Yes

No Heat

Yes

Structure Type

House

Yes

Multi Family

Yes

Other

Yes

View

Neighborhood

Yes

Other

Yes

Water Heater

Gas

Yes

Water Source

Public

Yes

Showing Requirements

Showing Service

Yes

Property Features