Residential Income Property with
For Sale
$417,400
13321 Red Cedar Lane Unit 0, Plainfield, IL 60544
A 55+ community townhome offers two bedrooms, an open living and dining area, and private outdoor space.
Property Size1,509 SF
Price / SF$276.61
Days on Market44
Property Features for 13321 Red Cedar Lane Unit 0
General Information
Standard status
Active
Size
1,509 SF
Total Parking Spaces
2
Property subtype
Condo,Townhouse-Ranch
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,968
Amenities
private patio
private covered front porch
indoor/outdoor pools
9-hole golf course
pickleball
tennis
fitness center
on-site theater
art/woodshop studios
billiards
Building Details
Building Size
1,509 SF
Year Built
1997
Listing Agency:
Angela Walker Homes Real Estate Group
Listed By:
Angela Walker · License #471004608
(708) 983-8178
Source:
Angelawalkerhomes
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 Angela Walker Homes Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1997, this 1,509-square-foot ranch-style townhome has two bedrooms and an open living and dining arrangement. The kitchen includes 36-inch cabinets, quartz countertops, and space for a table. The primary suite has a walk-in closet and a bathroom with double sinks and a walk-in shower; a second full bathroom serves the other bedroom. An attached two-car garage and covered front porch complete the home, with a private patio off the dining area.
The property is in Carillon, a 55+ community with indoor and outdoor pools, a nine-hole golf course, pickleball and tennis courts, a fitness center, theater, art and woodshop studios, and billiards.
The property is in Carillon, a 55+ community with indoor and outdoor pools, a nine-hole golf course, pickleball and tennis courts, a fitness center, theater, art and woodshop studios, and billiards.
Key Highlights
- 1,509‑square‑foot townhome in a 55+ community
- Two bedrooms and two full bathrooms
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,506
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,120
$350.1K
Cap Rate 7%
$250,086
$250.1K
Cap Rate 9%
$194,511
$194.5K
Market Conditions
NOI Build-Up for 1,509 SF
Gross rent
$34.2K $22.68/SF
− Vacancy
−$2.4K −$1.59/SF
EGI
$31.8K $21.09/SF
− OpEx
−$14.3K −$9.49/SF
NOI
$17.5K $11.60/SF
Area
Will County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,120
Cap Rate 7%
$250,086
Cap Rate 9%
$194,511
Alternative Uses
Best Use
Apartment 5plus
$250.1K
$218.8K – $291.8K
NOI $17,506 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.2K
$299.5K – $399.3K
NOI $23,957 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
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Business Placement
Demographics for 60544, IL
27,680
Population
10,553
Households
2.6
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
24.2 sq mi
ZIP Area
1,144
Density / Sq Mi
$108,447
Median Household Income
$59,601
Median Earnings
$1,809
Median Rent
$311,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 55+ community townhome offers two bedrooms, an open living and dining area, and private outdoor space.
Where is this residential income property located?
The property is located at 13321 Red Cedar Lane Unit 0 Plainfield, IL.
What is the asking price?
The asking price for this property is $417,400.
What are key features of this property?
This property features: 1,509‑square‑foot townhome in a 55+ community; Two bedrooms and two full bathrooms; Attached two‑car garage
