Residential Income
For Sale
$330,000
13743 S Magnolia Drive, Plainfield, IL 60544
The 55+ community offers shared recreation amenities, including indoor and outdoor pools, a fitness center, and tennis courts.
Property Size1,429 SF
Price / SF$230.93
Days on Market140
Property Features for 13743 S Magnolia Drive
General Information
Standard status
Active
Size
1,429 SF
Total Parking Spaces
2
Property subtype
Townhouse-Ranch
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,437
Amenities
24-hour gated security
clubhouse
indoor and outdoor pools
27 hole golf course
restaurant
fitness center
pickleball
tennis courts
social activities
clubs and hobbies
Building Details
Building Size
1,429 SF
Year Built
1990
Listing Agency:
Coldwell Banker Real Estate Group
(708) 473-5241
Listed By:
Jonathan Darin · License #475138794
(708) 301-4700
Source:
Angelawalkerhomes
Added: Jun 12
Changed: Oct 26
Last Checked: Oct 26 at 3:59PM
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
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Investment Insights
Based on property information with market context.
This 1,429-square-foot townhouse in Plainfield has two bedrooms, two bathrooms, an open living and dining area, and an eat-in kitchen with quartz countertops and updated appliances. The primary bedroom includes a walk-in closet and ensuite bath; the second bedroom can also serve as an office or hobby room. A private patio, front porch, laundry room, and attached two-car garage round out the home. Flooring, paint, lighting, fixtures, and kitchen finishes have been updated, along with the washer, dryer, and hot water heater. Built in 1990, the property is being sold as-is.
Residents of the 55+ community have access to a clubhouse, indoor and outdoor pools, a 27-hole golf course, restaurant, fitness center, pickleball, tennis courts, and organized social activities. The home is near an interstate, restaurants, and shopping.
Residents of the 55+ community have access to a clubhouse, indoor and outdoor pools, a 27-hole golf course, restaurant, fitness center, pickleball, tennis courts, and organized social activities. The home is near an interstate, restaurants, and shopping.
Key Highlights
- Two‑bedroom, two‑bathroom townhouse with 1,429 square feet
- Attached two‑car garage with additional storage
- 55+ community with indoor and outdoor pools, clubhouse, and fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,578
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,560
$331.6K
Cap Rate 7%
$236,829
$236.8K
Cap Rate 9%
$184,200
$184.2K
Market Conditions
NOI Build-Up for 1,429 SF
Gross rent
$32.4K $22.68/SF
− Vacancy
−$2.3K −$1.59/SF
EGI
$30.1K $21.09/SF
− OpEx
−$13.6K −$9.49/SF
NOI
$16.6K $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%
$331,560
Cap Rate 7%
$236,829
Cap Rate 9%
$184,200
Alternative Uses
Best Use
Apartment 5plus
$236.8K
$207.2K – $276.3K
NOI $16,578 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.1K
$283.6K – $378.1K
NOI $22,687 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
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 - The 55+ community offers shared recreation amenities, including indoor and outdoor pools, a fitness center, and tennis courts.
Where is this residential income property located?
The property is located at 13743 S Magnolia Drive Plainfield, IL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom townhouse with 1,429 square feet; Attached two‑car garage with additional storage; 55+ community with indoor and outdoor pools, clubhouse, and fitness center
