One-Story Duplex
303 Aaron Court Mascoutah, IL 62258
For Sale
Under Contract
$225,000
MULTI_FAMILY - Other - Mascoutah, IL
Property Size2,040 SF
Lot Size0.28 Acres
Price / SF$110.29
Days on Market18
Property Features for 303 Aaron Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3
- Basement
- Crawl Space
- Standard status
- Active Under Contract
- APN
- 10-30.0-202-026
- Size
- 2,040 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5600
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
- 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 6:06PM
MLS# 26022118
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 property is a one-story duplex offered for sale as a residential income asset. The duplex totals 2,040 square feet and sits on a 0.28-acre lot.
The property is located at 303 Aaron Court in Mascoutah, Illinois (St. Clair County). Public remarks state the duplex is fully rented with long-term tenants and is professionally managed and well maintained.
The seller also owns two additional duplexes nearby and is interested in selling the properties in a package.
The property is located at 303 Aaron Court in Mascoutah, Illinois (St. Clair County). Public remarks state the duplex is fully rented with long-term tenants and is professionally managed and well maintained.
The seller also owns two additional duplexes nearby and is interested in selling the properties in a package.
Key Highlights
- Fully rented one‑story duplex with long‑term tenants
- Year built: 1985
- Construction materials: brick and vinyl siding
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 | $25.7k | $12.60 |
| − Vacancy | −$1.7k | −$0.82 |
| EGI | $24.0k | $11.78 |
| − OpEx | −$7.2k | −$3.53 |
| NOI | $16.8k | $8.25 |
2,040 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.3K
$210.3K – $280.4K
NOI $16,823 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$216.5K
$189.4K – $252.6K
NOI $15,155 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$482.9K
$422.6K – $563.4K
NOI $33,806 @ 7.0% cap · market cap 15.02%
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 - One-story duplex in Mascoutah, fully rented with long-term tenants, professionally managed and well maintained.
Where is this duplex located?
The property is located at 303 Aaron Court Mascoutah, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Fully rented one‑story duplex with long‑term tenants; Year built: 1985; Construction materials: brick and vinyl siding
