End-Unit Residential
For Sale
$584,000
20344 Mackinac Point Drive, Frankfort, IL 60423
A five-bedroom layout includes finished lower-level space, a two-car attached garage, and an oversized deck.
Property Size3,596 SF
Price / SF$162.40
Days on Market74
Property Features for 20344 Mackinac Point Drive
General Information
Standard status
Active
Size
3,596 SF
Total Parking Spaces
2
Property subtype
1/2 Duplex
Units
Unit Mix
1 x 5BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$11,774
Building Details
Building Size
3,596 SF
Year Built
2007
Listing Agency:
Carter Realty Group
(815) 258-4440
Listed By:
Essence Clark
(815) 582-3953
Source:
Purveyproperties
Added: Aug 21
Changed: Oct 31
Last Checked: Oct 31 at 12:33AM
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 Carter Realty Group
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Investment Insights
Based on property information with market context.
This 2007 end-unit duplex offers 3,596 square feet, including approximately 1,996 square feet above grade and a finished English-style basement with approximately 9-foot ceilings. The five-bedroom, three-full-bath layout includes an office, theater/rec room, dry bar, and storage downstairs, along with a main-level office or bedroom. Hardwood floors, tray ceilings, a gas fireplace, and first-floor laundry add useful features to the main floor.
The updated kitchen has quartz countertops, 42-inch cabinets, a center island, pantry, coffee bar, wine rack, and Samsung appliances, including a five-burner Flex Duo double oven. The primary suite includes a walk-in closet, double sinks, separate shower, and whirlpool tub. An attached two-car garage and oversized deck complete the property. Additional features include a 200-amp electrical service, owned water softener, approximately 75-gallon water heater, LED lighting, and an electric vehicle charger.
The updated kitchen has quartz countertops, 42-inch cabinets, a center island, pantry, coffee bar, wine rack, and Samsung appliances, including a five-burner Flex Duo double oven. The primary suite includes a walk-in closet, double sinks, separate shower, and whirlpool tub. An attached two-car garage and oversized deck complete the property. Additional features include a 200-amp electrical service, owned water softener, approximately 75-gallon water heater, LED lighting, and an electric vehicle charger.
Key Highlights
- End‑unit duplex built in 2007
- 3,596 square feet, including approximately 1,996 square feet above grade
- Five bedrooms and three full baths, with finished English‑style basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,717
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,340
$834.3K
Cap Rate 7%
$595,957
$596.0K
Cap Rate 9%
$463,522
$463.5K
Market Conditions
NOI Build-Up for 3,596 SF
Gross rent
$81.6K $22.68/SF
− Vacancy
−$5.7K −$1.59/SF
EGI
$75.8K $21.09/SF
− OpEx
−$34.1K −$9.49/SF
NOI
$41.7K $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%
$834,340
Cap Rate 7%
$595,957
Cap Rate 9%
$463,522
Alternative Uses
Best Use
Apartment 5plus
$596.0K
$521.5K – $695.3K
NOI $41,717 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$815.6K
$713.6K – $951.5K
NOI $57,090 @ 7.0% cap · market cap 9.78%
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
69
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A five-bedroom layout includes finished lower-level space, a two-car attached garage, and an oversized deck.
Where is this residential income property located?
The property is located at 20344 Mackinac Point Drive Frankfort, IL.
What is the asking price?
The asking price for this property is $584,000.
What are key features of this property?
This property features: End‑unit duplex built in 2007; 3,596 square feet, including approximately 1,996 square feet above grade; Five bedrooms and three full baths, with finished English‑style basement
