O'Fallon Multifamily Investment
161-306 Eagle Ridge, O Fallon, IL 62269
New
5 Family or More, Traditional - O'Fallon, IL
- Added:
- May 14, 2026
- Days on Market:
- 4
- Last Refresh:
- May 17 at 3:06 am
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 May 14, 2026
MLS# 26012429
Listing URL
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HighLights
- Fully‑leased, 17‑unit income‑producing condominium portfolio.
- Portfolio discount available for full‑package acquisition.
- Convenient location near Highway 50, Interstate 64, Scott Air Force Base, and St. Louis.
- HOA‑managed exteriors reduce owner maintenance responsibilities.
- Community pool and clubhouse enhance tenant appeal and retention.
- Several units have been remodeled, enhancing long‑term value.
Overview
This is an opportunity to acquire a fully-leased, 17-unit income-producing condominium portfolio in O'Fallon. The portfolio includes a mix of one- and two-bedroom residences within Eagle Ridge Condominiums. All 17 units are currently occupied. Several units have been remodeled. All units feature fireplaces, and select residences offer vaulted ceilings. Residents have access to a community pool and clubhouse. The property is located one block from the intersection of Highway 50 and North Greenmount Road with access to Interstate 64. It is less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis. 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. The seller prefers a sale of the entire portfolio; however, individual or multi-unit purchases may be considered. A portfolio discount has been applied to the full package listing price.
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 - Fully leased, 17-unit 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 $1,520,000.
What are key features of this property?
This property features: Fully‑leased, 17‑unit income‑producing condominium portfolio.; Portfolio discount available for full‑package acquisition.; Convenient location near Highway 50, Interstate 64, Scott Air Force Base, and St. Louis.
