Residential Income for Sale: 161-306 Eagle Ridge, O'Fallon, IL 62269

$1,520,000
$1,520,000
161-306 Eagle Ridge, O'Fallon, IL 62269
$1,520,000
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Price:
$1,520,000
$76,555 - 05/14/2026

Type Residential Income
Garage Spaces 9
Year Built 1980
Assoc Fee $7,126
Assoc Fee Paid Monthly

City O'Fallon
County St. Clair
School District O Fallon DIST 90
Subdivision Eagle Rdg Condos Ph 1 Bldg #16

MLS 26012429
Status Active
DOM 71 days
Price Improvement!! Exceptional opportunity to acquire a fully-leased, 17-unit income-producing condominium portfolio in O'Fallon. This stabilized offering includes a diversified mix of one- and two-bedroom residences across multiple phases within Eagle Ridge Condominiums. Currently, all 17 units are occupied. Several units have been remodeled, enhancing long-term value and tenant appeal. All units feature fireplaces, and select residences offer vaulted ceilings, adding character and desirability. Residents enjoy access to a community pool and clubhouse, supporting strong occupancy and retention. Ideally located just one block from the intersection of Highway 50 and North Greenmount Road with quick access to Interstate 64. The property is less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis, positioning it well for consistent rental demand. 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. Portfolio discount available for full-package acquisition, with additional pricing incentives for multi-unit purchases. Ideal for 1031 exchange buyers or investors seeking scalable residential income in a stable Metro East market. Seller prefers 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.

Lot & Building Features

Architecture Traditional
Assoc Fee $7,126
Assoc Fee Paid Monthly
Construction Brick, Vinyl Siding
Cooling Central Air
Heating Forced Air
Water Public
Fireplaces 1

Community and Schools

Elementary School OFALLON DIST 90
Junior High School OFALLON DIST 90
Senior High School OFallon

Price History of 161-306 Eagle Ridge, O'Fallon, IL

Date Name Price Difference
05/14/2026 Price Adjustment $1,520,000 4.80%
03/07/2026 Listing Price $1,596,555 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 161-306 Eagle Ridge, O'Fallon, IL

Location Map Street View
Photo of Richard Chasnoff
Direct: 314-283-9634
Office
220 W. Argonne Ave Ste 100, J
St. Louis, MO 63122
314-594-4024
Listed by Kunkel Wittenauer Group, Inc, Kevin Beck & Jeff Franke
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6.75%
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161-306 Eagle Ridge (MLS #26012429) is a residential income listing located in O'Fallon, IL. This property was listed on 03/05/2026 and has been priced for sale at $1,520,000.

Nearby zip codes are 62208, 62221, 62226, 62232 and 62254. This property neighbors other cities such as Belleville, Caseyville, Fairview Heights, Shiloh and Swansea.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Kunkel Wittenauer Group, Inc

Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange