17-Unit Condo Income
For Sale
$1,520,000
161-306 Eagle Ridge, O Fallon, IL 62269
MULTI_FAMILY - Other - O'Fallon, IL
Days on Market20
Property Features for 161-306 Eagle Ridge
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
10
Exterior features
Balcony
Fireplace
1
Subdivision
Eagle Rdg Condos Ph 1 Bldg #16
Elementary school
OFALLON DIST 90
Middle school
OFALLON DIST 90
High school
OFallon
Elementary school district
O Fallon DIST 90
Middle school district
O Fallon DIST 90
High school district
O Fallon DIST 90
Directions
GPS friendly. From Interstate 64 take N. Greenmount to the north and pass Highway 50. Turn right on Center Grove Drive.
Standard status
Active
APN
See Supplements
Taxes and HOA fees
Tax Description
See Supplements
HOA Fee
$7,126 Monthly
Legal Description
See Supplements
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Kunkel Wittenauer Group, Inc
(618) 632-8200
Listed By:
Kevin Beck · License #475199000
(618) 632-8200
Added: Jul 11
Changed: Jul 22
Last Checked: Jul 30 at 8:06PM
MLS# 26012429
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale condominium portfolio includes 17 fully-leased income units within Eagle Ridge Condominiums. The mix features one- and two-bedroom residences across multiple phases. Each unit includes a fireplace, and select residences offer vaulted ceilings. Some units have been remodeled, and residents have access to shared community amenities, including a pool and clubhouse.
The community is located about one block from the intersection of Highway 50 and North Greenmount Road, with quick access to Interstate 64. The property is listed as less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis, supporting convenient regional connectivity.
Ownership benefits from HOA-managed exterior maintenance, covering exterior building maintenance with the exception of windows and doors. The remarks also indicate that many roofs, stairways, and portions of siding throughout the community have been replaced or are currently being updated. This offering is presented as ideal for buyers pursuing a full-package acquisition, with the seller preferring sale of the entire portfolio while considering individual or multi-unit purchases.
The community is located about one block from the intersection of Highway 50 and North Greenmount Road, with quick access to Interstate 64. The property is listed as less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis, supporting convenient regional connectivity.
Ownership benefits from HOA-managed exterior maintenance, covering exterior building maintenance with the exception of windows and doors. The remarks also indicate that many roofs, stairways, and portions of siding throughout the community have been replaced or are currently being updated. This offering is presented as ideal for buyers pursuing a full-package acquisition, with the seller preferring sale of the entire portfolio while considering individual or multi-unit purchases.
Key Highlights
- Fully leased 17‑unit income‑producing condominium portfolio in Eagle Ridge Condominiums (all 17 units occupied).
- Unit mix includes one- and two‑bedroom residences across multiple phases.
- All units feature fireplaces; select residences offer vaulted ceilings.
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 62269, IL
36,068
Population
14,616
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
97%
High-School Grad
29.8 sq mi
ZIP Area
1,210
Density / Sq Mi
$100,167
Median Household Income
$58,724
Median Earnings
$1,258
Median Rent
$274,200
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?
Apartment building - Fully leased 17-unit condominium portfolio with one- and two-bedroom layouts, fireplaces, and community pool and clubhouse access.
Where is this apartment building located?
The property is located at 161-306 Eagle Ridge O Fallon, IL.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: Fully leased 17‑unit income‑producing condominium portfolio in Eagle Ridge Condominiums (all 17 units occupied).; Unit mix includes one- and two‑bedroom residences across multiple phases.; All units feature fireplaces; select residences offer vaulted ceilings.
