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17-Unit Multifamily Condominium Portfolio
For Sale
$1,520,000

161-306 Eagle Ridge, O Fallon, IL 62269

Residential Income, O'Fallon, IL

Property SizeContact for details
Days on Market61

Property Features for 161-306 Eagle Ridge

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1
Parking 10
Exterior features Balcony
Fireplace 1
Subdivision Eagle Rdg Condos Ph 1 Bldg #16
Elementary school OFALLON DIST 90
Middle school OFALLON DIST 90
High school OFallon
Elementary school district O Fallon DIST 90
Middle school district O Fallon DIST 90
High school district O Fallon DIST 90
Directions GPS friendly. From Interstate 64 take N. Greenmount to the north and pass Highway 50. Turn right on Center Grove Drive.
Standard status Active
APN See Supplements

Taxes and HOA fees

Tax Description See Supplements
HOA Fee $7,126 Monthly
Legal Description See Supplements

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

fireplace
pool
clubhouse

Building Details

Year built 1980
Building materials Brick, Vinyl Siding
Roof type Shingle
Architectural style Other
Listing Agency: Kunkel Wittenauer Group, Inc
Listed By: Kevin Beck · License #475199000
Added: Jul 11 Changed: Sep 6 Last Checked: Sep 9 at 2:06PM
MLS# 26012429

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 17-unit condominium portfolio includes a mix of one- and two-bedroom residences distributed across multiple phases of Eagle Ridge Condominiums. Every unit is occupied, and several residences have been remodeled. Fireplaces are included throughout, while select units feature vaulted ceilings. Brick and vinyl siding, balconies, forced-air heating, central air, public water, and shingle roofing are among the property features.

Residents have access to a community pool and clubhouse. The HOA manages exterior building maintenance, excluding windows and doors, and various roofs, stairways, and siding sections have recently been replaced or are being updated. The property is positioned one block from Highway 50 and North Greenmount Road, with access to Interstate 64. Scott Air Force Base is less than 20 minutes away, and downtown St. Louis is under 30 minutes away.

Key Highlights

  • 17 occupied condominium units with one- and two‑bedroom layouts
  • Several residences have been remodeled; all units include fireplaces
  • Select units feature vaulted ceilings and balconies

Property Analytics

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Current Use

1031 exchange 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.

Lease Details

17
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

841
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied condominium residences with one- and two-bedroom layouts, fireplaces, and HOA-managed exterior maintenance.
Where is this multifamily property 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: 17 occupied condominium units with one- and two‑bedroom layouts; Several residences have been remodeled; all units include fireplaces; Select units feature vaulted ceilings and balconies
More about this property
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