161-306 Eagle Ridge O Fallon, IL 62269
5 Family or More, Traditional - O'Fallon, IL
- Added:
- Mar 8, 2026
- Days on Market:
- 23
- Last Refresh:
- Mar 31 at 11:06 pm
Property Features for 161-306 Eagle Ridge
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 10
- Parking features
- Carport, Garage
- Exterior features
- Balcony
- Standard status
- Active
- APN
- See Supplements
Taxes and HOA fees
- Expense value
- 7126
- Expense
- Home Owner Assessments Fee
- Expense freq.
- Monthly
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Building materials
- Brick, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- New Traditional
Listing agent Kevin Beck License #475199000 (618) 550-8762
Listing office Kunkel Wittenauer Group, Inc 3318 N Illinois, OFallon, IL (618) 632-8200
Listing date Mar 8, 2026
MLS# 26012429
Listing URL
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Overview
O'Fallon 17-Unit Condo Portfolio
This is an exceptional opportunity to acquire a 17-unit income-producing condominium portfolio in O'Fallon. The stabilized offering includes a diversified mix of one- and two-bedroom residences across multiple phases within Eagle Ridge Condominiums. Currently, 15 of the 17 units are occupied with rents at or slightly above market, generating $233,400 in annual gross income. Several units have been remodeled, enhancing long-term value and tenant appeal. All units feature fireplaces, and select residences offer vaulted ceilings, adding character and desirability. Residents enjoy access to a community pool and clubhouse, supporting strong occupancy and retention. The property is ideally located just one block from the intersection of Highway 50 and North Greenmount Road with quick access to Interstate 64. It is less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis, positioning it well for consistent rental demand. HOA-managed exteriors help reduce owner maintenance responsibilities, covering exterior building maintenance with the exception of windows and doors. Many roofs, stairways, and siding sections throughout the community have recently been replaced or are currently being updated. It is ideal for 1031 exchange buyers or investors seeking scalable residential income in a stable Metro East market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- O Fallon
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9275821
- Latitude
- 38.5904663
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 17-unit income-producing condominium portfolio in O'Fallon, Illinois.
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 $1,596,555.
What are key features of this property?
This property features: Stabilized 17‑unit condominium portfolio generating $233,400 in annual gross income, with 15 units currently occupied.; Convenient location near Highway 50, North Greenmount Road, Interstate 64, Scott Air Force Base, and downtown St. Louis.; HOA‑managed exteriors reduce owner maintenance responsibilities; many roofs, stairways, and siding sections recently updated.
