Ranch Duplex with
For Sale
$719,900
20336 Mackinac Point Drive, Frankfort, IL 60423
The 2025-built residence features two bedrooms, a separate study, and hardwood flooring through several main living areas.
Property Size2,387 SF
Price / SF$301.59
Days on Market233
Property Features for 20336 Mackinac Point Drive
General Information
Standard status
Active
Size
2,387 SF
Property subtype
1/2 Duplex,Townhouse-Ranch,Ground Level Ranch
Taxes and HOA fees
Annual Taxes
$1,395
Amenities
gourmet kitchen
granite countertops
fireplace
crown molding
walk-in closet
spa-inspired bath
walk-in shower
hardwood floors
Building Details
Building Size
2,387 SF
Year Built
2025
Construction
ranch
Listing Agency:
KRG Real Estate
(779) 254-3844
Listed By:
Jennifer O'Malley
Source:
Premier-relocation
Added: Mar 15
Changed: Oct 31
Last Checked: Oct 30 at 8:39PM
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 KRG Real Estate
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Investment Insights
Based on property information with market context.
This 2,387-square-foot ranch duplex was built in 2025 and is complete for move-in. The layout includes two bedrooms and a study, along with a primary suite offering a walk-in closet, a second wall closet, and a bathroom with a separate shower, seat, and body sprays. Hardwood flooring runs through the foyer, great room, study, kitchen, and hallways. Interior details include custom cabinetry, a fireplace, wainscoting, crown molding, columns, 8-foot doors, and ample closet space.
The property is at 20336 Mackinac Point Drive in Frankfort, Illinois, within Lighthouse Pointe Phase Three.
The property is at 20336 Mackinac Point Drive in Frankfort, Illinois, within Lighthouse Pointe Phase Three.
Key Highlights
- 2,387‑square‑foot ranch duplex built in 2025
- Two bedrooms plus a study
- Primary suite has a walk‑in closet and an additional wall closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,691
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,820
$553.8K
Cap Rate 7%
$395,586
$395.6K
Cap Rate 9%
$307,678
$307.7K
Market Conditions
NOI Build-Up for 2,387 SF
Gross rent
$54.1K $22.68/SF
− Vacancy
−$3.8K −$1.59/SF
EGI
$50.3K $21.09/SF
− OpEx
−$22.7K −$9.49/SF
NOI
$27.7K $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%
$553,820
Cap Rate 7%
$395,586
Cap Rate 9%
$307,678
Alternative Uses
Best Use
Apartment 5plus
$395.6K
$346.1K – $461.5K
NOI $27,691 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.4K
$473.7K – $631.6K
NOI $37,896 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 60423, IL
32,784
Population
11,494
Households
2.9
Avg Household Size
42
Median Age
48%
College-Educated
97%
High-School Grad
37.9 sq mi
ZIP Area
865
Density / Sq Mi
$137,651
Median Household Income
$63,686
Median Earnings
$1,455
Median Rent
$376,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The 2025-built residence features two bedrooms, a separate study, and hardwood flooring through several main living areas.
Where is this residential income property located?
The property is located at 20336 Mackinac Point Drive Frankfort, IL.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: 2,387‑square‑foot ranch duplex built in 2025; Two bedrooms plus a study; Primary suite has a walk‑in closet and an additional wall closet
