Upgraded Duplex with Fenced Yard

4304 Dillon Street #4304 Plano, IL 60545

Claim this Listing
For Sale
$247,500

Spacious duplex with upgrades, fenced yard, and community amenities.

Type:Condominium
Property size:
1,768 SF
Price / SF:
$139/SF
Added:
Aug 23, 2025
Days on Market:
324
Last Refresh:
May 19 at 11:45 pm

Property Features for 4304 Dillon Street #4304

General Information

Standard status
Active
Size
1,768 SF
Property subtype
Condominium

Building Details

Year Built
2005

Listing office Baird & Warner

Listing date Aug 23, 2025

Source Kw

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $40.1k $22.68
− Vacancy −$2.8k −$1.59
EGI $37.3k $21.09
− OpEx −$16.8k −$9.49
NOI $20.5k $11.60
1,768 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$327.7K
$286.8K – $382.4K (±1% cap)
NOI $22,941 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$293.0K
$256.4K – $341.8K (±1% cap)
NOI $20,510 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$610.4K
$534.1K – $712.2K (±1% cap)
NOI $42,729 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Parking Lot & Garage Hair Salon Electrical Service Nail Salon Building Supply Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
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