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12-Unit Multifamily Condo Package
For Sale
$1,270,500

161 Eagle Ridge Unit 161306, O Fallon, IL 62269

Association-managed condominium package with resident amenities, varied layouts, and appliances included in most units.

Property Size600 SF
Price / SF$2,117
Days on Market1087

Property Features for 161 Eagle Ridge Unit 161306

General Information

Standard status Active
Size 600 SF
Property subtype Commercial Sale / Multi-Family 5+

Amenities

Electric
Forced Air
Yes
1
Other
Clubhouse, In Ground Pool

Building Details

Year Built 1982
Listing Agency: Kunkel Wittenauer Group, Inc
Listed By: Jeff Franke · License #475123599
Source: Compass
Added: Sep 11, 2023 Changed: Aug 31 Last Checked: Aug 31 at 2:08AM

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 Kunkel Wittenauer Group, Inc

Investment Insights

Based on property information with market context.

This offering comprises 12 condominium units in Eagle Ridge, with floor areas ranging from 600 to 1,008 square feet. The units were built in 1982 and are being offered together as one package. Eleven units are currently leased, while Unit 167 is not leased. Most residences include fireplaces and full bathrooms, with electric systems and forced-air heating noted for the property. Appliances remaining in most units include microwaves, refrigerators, stoves, dishwashers, and stacked washer/dryers.

Eagle Ridge is managed exclusively by Kunkel Wittenauer Management, and self-management is not permitted. Association fees cover access to the pool and clubhouse, along with exterior maintenance, lawn care, and snow removal. The property is located at 161 Eagle Ridge, Unit 161306, O'Fallon, IL 62269. Showings require 48 hours' advance notice.

Key Highlights

  • 12 condominium units offered together in Eagle Ridge
  • Unit sizes range from 600 to 1,008 square feet
  • All currently leased except Unit 167

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Restaurant Auto Repair Shop Big Box & Wholesale Store Law Firm Dental Office Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

32
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Association-managed condominium package with resident amenities, varied layouts, and appliances included in most units.
Where is this multifamily property located?
The property is located at 161 Eagle Ridge Unit 161306 O Fallon, IL.
What is the asking price?
The asking price for this property is $1,270,500.
What are key features of this property?
This property features: 12 condominium units offered together in Eagle Ridge; Unit sizes range from 600 to 1,008 square feet; All currently leased except Unit 167
More about this property
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