Townhouse-Style
261 Aaron Court Mascoutah, IL 62258
For Sale
Under Contract
$312,500
MULTI_FAMILY - Other - Mascoutah, IL
Property Size1,680 SF
Lot Size0.27 Acres
Price / SF$186.01
Days on Market18
Property Features for 261 Aaron Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 6, Bathroom 1, Bathroom 5
- Parking
- 3
- Parking features
- Off Street
- Interior features
- Ceiling Fan(s)
- Basement
- Crawl Space
- Standard status
- Active Under Contract
- APN
- 10-30.0-202-028
- Size
- 1,680 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7530
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1994
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Aluminum Siding, Brick
- Architectural style
- Other
Listing Agency:
Nester Realty
(618) 236-0400
Listed By:
Claire Leopold · License #471001999
(618) 567-4000
Added: Jul 6
Changed: Jul 22
Last Checked: Jul 23 at 4:06PM
MLS# 26022123
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 townhouse-style duplex is fully rented and currently occupied by long-term tenants. The property is described as professionally managed and well maintained.
The duplex is located at 261 Aaron Court in Mascoutah, IL (St. Clair County). The seller also owns two other duplexes nearby and is offering the opportunity to sell them as a package.
The lot size is listed as 0.27 acres, with total property size of 1,680 square feet.
The duplex is located at 261 Aaron Court in Mascoutah, IL (St. Clair County). The seller also owns two other duplexes nearby and is offering the opportunity to sell them as a package.
The lot size is listed as 0.27 acres, with total property size of 1,680 square feet.
Key Highlights
- Townhouse‑style duplex with long‑term, fully rented tenants
- Built in 1994 with aluminum siding and brick exterior
- Heating: forced air; cooling: central air plus ceiling fans
Financial Insights For Multifamily LT 5
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 | $21.2k | $12.60 |
| − Vacancy | −$1.4k | −$0.82 |
| EGI | $19.8k | $11.78 |
| − OpEx | −$5.9k | −$3.53 |
| NOI | $13.9k | $8.25 |
1,680 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$197.9K
$173.2K – $230.9K
NOI $13,854 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$178.3K
$156.0K – $208.0K
NOI $12,481 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$397.7K
$348.0K – $464.0K
NOI $27,840 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Townhouse-style duplex is fully rented with long-term tenants and is professionally managed and well maintained.
Where is this duplex located?
The property is located at 261 Aaron Court Mascoutah, IL.
What is the asking price?
The asking price for this property is $312,500.
What are key features of this property?
This property features: Townhouse‑style duplex with long‑term, fully rented tenants; Built in 1994 with aluminum siding and brick exterior; Heating: forced air; cooling: central air plus ceiling fans
