Upgraded Duplex with Fenced
For Sale
$247,500
4304 Dillon Street #4304, Plano, IL 60545
Spacious duplex with upgrades, fenced yard, and community amenities.
Property Size1,768 SF
Price / SF$139.99
Days on Market364
Property Features for 4304 Dillon Street #4304
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Condominium
Amenities
Natural Gas
Central Air
Patio
Building Details
Building Size
1,768 SF
Year Built
2005
Listing Agency:
Baird & Warner
(630) 624-6574
Listed By:
Mary Tremonte
Source:
Kw
Added: Aug 23, 2025
Changed: Aug 12
Last Checked: Aug 20 at 7:23PM
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 Baird & Warner
Investment Insights
Based on property information with market context.
This 1768 sq ft duplex provides a single-family home feel with the advantage of a fenced-in yard and low assessments. Recent upgrades completed in August 2025 include a new roof, flooring, carpets, and fresh paint. The A/C unit is two years old. This unit is the three-bedroom "Drake" model, the largest in the Lakewood development, featuring a living room that flows openly into the kitchen, with a sliding glass door leading directly to the 5136 sq ft fenced yard. The attached garage provides convenient access to the kitchen. Upstairs, the primary bedroom includes a versatile space suitable for a sitting room, office, or nursery, along with a private bathroom and ample closet space. Two additional bedrooms share a full hallway bathroom. The Lakewood community offers a pool, clubhouse, parks, walking areas, and an elementary school within the subdivision. The location provides access to shopping, restaurants, and a water park. Rentals are allowed per the HOA.
Key Highlights
- Largest 3‑bedroom 'Drake' model in Lakewood development with 1768 sq ft.
- Recent upgrades including a new roof, flooring, carpets, and fresh paint completed in August 2025.
- Spacious, fenced‑in 5136 sq ft yard.
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
$20,510
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
8.29%
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%
$410,200
$410.2K
Cap Rate 7%
$293,000
$293.0K
Cap Rate 9%
$227,889
$227.9K
Market Conditions
NOI Build-Up for 1,768 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
$40.1K $22.68/SF
− Vacancy
−$2.8K −$1.59/SF
EGI
$37.3K $21.09/SF
− OpEx
−$16.8K −$9.49/SF
NOI
$20.5K $11.60/SF
Area
Kendall 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 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%
$410,200
Cap Rate 7%
$293,000
Cap Rate 9%
$227,889
Alternative Uses
Best Use
Multifamily LT 5
$327.7K
$286.8K – $382.4K
NOI $22,941 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$293.0K
$256.4K – $341.8K
NOI $20,510 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$610.4K
$534.1K – $712.2K
NOI $42,729 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 60545, IL
13,888
Population
4,982
Households
2.8
Avg Household Size
34
Median Age
27%
College-Educated
93%
High-School Grad
36.6 sq mi
ZIP Area
379
Density / Sq Mi
$84,920
Median Household Income
$47,134
Median Earnings
$1,571
Median Rent
$235,500
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 - Spacious duplex with upgrades, fenced yard, and community amenities.
Where is this duplex located?
The property is located at 4304 Dillon Street #4304 Plano, IL.
What is the asking price?
The asking price for this property is $247,500.
What are key features of this property?
This property features: Largest 3‑bedroom 'Drake' model in Lakewood development with 1768 sq ft.; Recent upgrades including a new roof, flooring, carpets, and fresh paint completed in August 2025.; Spacious, fenced‑in 5136 sq ft yard.
