Building Details

Year Built 1982

Listing Agency: Kunkel Wittenauer Group, Inc

Listed By: Jeff Franke · License #475123599 Show Phone

Source: Compass

Added: Sep 9, 2023 Changed: Sep 3 Last Checked: Sep 4 at 4:31PM

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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 is a 17-unit stabilized condo portfolio located in O’Fallon, Illinois. The property generates a gross income of $233,000. It is being offered as a portfolio at a discounted price.

Key Highlights

• 17‑Unit Stabilized Condo Portfolio
• Generates $233K Gross Income
• Portfolio Discount available

Property Analytics

Property Profile

Current Use

Apartment buildings

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

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - 17-unit portfolio in O’Fallon, Illinois, with $233K gross income.

Where is this apartment building 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: 17‑Unit Stabilized Condo Portfolio; Generates $233K Gross Income; Portfolio Discount available