Spacious Duplex with Private
For Sale
$325,800
1210 Fawnlily Circle, Joliet, IL 60431
Gorgeous duplex with private yard, modern amenities, and community features.
Property Size1,623 SF
Price / SF$200.74
Days on Market406
Property Features for 1210 Fawnlily Circle
General Information
Standard status
Active
Size
1,623 SF
Property subtype
Condominium
Amenities
Central Air
Natural Gas
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Disposal
Stainless Steel Appliance(s)
Asphalt
Building Details
Building Size
1,623 SF
Year Built
2022
Listing Agency:
Coldwell Banker Real Estate Group
(815) 553-2406
Listed By:
Shelbey Hammond · License #475141167
Source:
Kw
Added: Jul 2, 2025
Changed: Aug 9
Last Checked: Jul 16 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This gorgeous duplex features a private yard and is located in Lakewood Prairie, offering residents access to a clubhouse, swimming pool, on-site school, playground, tennis court, sand volleyball court, and walking/biking trails. It is also located within the highly acclaimed Minooka School district. The interior features an open and spacious layout with upgraded luxury vinyl plank flooring throughout. The kitchen includes designer cabinetry, a large island with overhang for stools, a pantry, and stainless steel appliances. The open-concept kitchen overlooks the family room. There is also a dedicated dining area, powder room and multiple closets on the main floor for extra storage. The primary bedroom is spacious and private, with a walk-in closet and en-suite, full bath with comfort height dual vanity, and a walk-in shower. The second floor offers 2 additional large bedrooms, an additional full bath with tub, a laundry room, plus a linen closet for extra storage. The versatile loft can be used as a home office, media room, craft area, or play space. The property includes Smart Home Technology, allowing remote monitoring and control via smartphone, tablet, or computer. The property offers easy access to shopping, dining, and expressways and has a property size of 1623 square feet.
Key Highlights
- Private yard
- Access to community amenities: clubhouse, swimming pool, on‑site school, playground, tennis court, sand volleyball court, and walking/biking trails
- Highly Acclaimed Minooka Schools
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,269
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,380
$345.4K
Cap Rate 7%
$246,700
$246.7K
Cap Rate 9%
$191,878
$191.9K
Market Conditions
NOI Build-Up for 1,623 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.3K $16.20/SF
− Vacancy
−$1.6K −$1.00/SF
EGI
$24.7K $15.20/SF
− OpEx
−$7.4K −$4.56/SF
NOI
$17.3K $10.64/SF
Area
Joliet, IL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,380
Cap Rate 7%
$246,700
Cap Rate 9%
$191,878
Alternative Uses
Best Use
Multifamily LT 5
$246.7K
$215.9K – $287.8K
NOI $17,269 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$227.5K
$199.1K – $265.4K
NOI $15,925 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$478.6K
$418.7K – $558.3K
NOI $33,499 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 60431, IL
26,853
Population
9,368
Households
2.9
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,098
Density / Sq Mi
$114,098
Median Household Income
$51,980
Median Earnings
$1,408
Median Rent
$275,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Gorgeous duplex with private yard, modern amenities, and community features.
Where is this duplex located?
The property is located at 1210 Fawnlily Circle Joliet, IL.
What is the asking price?
The asking price for this property is $325,800.
What are key features of this property?
This property features: Private yard; Access to community amenities: clubhouse, swimming pool, on‑site school, playground, tennis court, sand volleyball court, and walking/biking trails; Highly Acclaimed Minooka Schools
