303 Aaron Court, Mascoutah, IL 62258
Traditional, 2-4 Units - Mascoutah, IL
- Added:
- Jun 3, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 303 Aaron Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Standard status
- Active
- 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
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
- Architectural style
- New Traditional
Listing agent Claire Leopold License #471001999 (618) 530-5599
Listing office Nester Realty 12 East Main Street, Edwardsville, IL (618) 236-0400
Listing date Jun 3, 2026
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.
HighLights
- Fully rented duplex providing immediate rental income.
- Located in the heart of Mascoutah.
- Professionally managed and well‑maintained property.
- Long‑term tenants already in place.
- Carport parking available.
- Constructed with durable brick and vinyl siding.
Overview
The duplex is located in Mascoutah, Illinois, in St. Clair County. The seller also owns two additional duplexes nearby and indicates an interest in selling them in a package, which may be relevant for buyers looking to consolidate multifamily holdings in the area.
For investors or owners seeking a smaller residential income property, this duplex provides a straightforward buy-and-hold profile with existing tenants in place. Because the listing highlights professional management and long-term tenancy, it may appeal to buyers who prefer an operating asset rather than a vacant redevelopment opportunity. Interested parties should confirm current lease terms, unit configuration details, and any package components directly with the seller or managing agent.
Local 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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Mascoutah
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.803769
- Latitude
- 38.508709
