261 Aaron Ct Unit 1 & 2 · Mascoutah, IL 62258

$312,500

8 bd · 9.0 ba · 1,680 sqft · MultiFamily · 62 Days on market

Built 1994 Good condition 0.27 ac lot $186/sqft · 38% above area Est $226k · 38% over

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.9/30.0
• DSCR +7.7/10.0
• 1% rule +6.2/10.0
• Schools +4.1/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Great Investment opportunity. Fully rented, townhouse-style duplex, with long term tenants, located in the heart of Mascoutah. Professionally managed and well maintained. Seller also owns 2 other duplexes nearby and would like to sell in a package.

Key facts

• Long term tenants
• Well maintained
• Heart of mascoutah

Tags

• INVESTMENT OPPORTUNITY
• TOWNHOUSE STYLE DUPLEX
• LONG TERM TENANTS
• PROFESSIONALLY MANAGED
• WELL MAINTAINED
• HEART OF MASCOUTAH

What this means for you Summary

Snapshot

• This is a 2 × 4-bed/4.5-bath units multifamily listed at $312k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $605 ($7k/yr) — positive. Per door: $302/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $312k).
• Recommended offer: $294k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 3.0% in Mascoutah — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#471 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, health & safety F.
• Mascoutah CUD 19 (town): math 42% / reading 48% proficiency, ranked #80 of 620 in IL (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 58 active listings in the ZIP; solid renter incomes; 783 units permitted in St. Clair County in 2024 (378 in 5+ unit buildings).
• This rent runs 44% of the median local income ($95k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• St. Clair County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($294k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $50k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $293,750 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 8.61%
• Cash-on-cash: 8.29%
• DSCR: 1.37
• GRM: 7.4

CMA / ARV

• ARV (median comp): $225,859
• List price: $312,500
• Delta: 38.36%
• Verdict: OVERPRICED
• Comps: 4 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.7%
• Equity multiple: 0.86×
• Total profit: $-12,079
• Equity at exit: $46,595

10-year hold

• IRR: 6.0%
• Equity multiple: 1.45×
• Total profit: $39,280
• Equity at exit: $27,019

Cash invested: $87,500 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 62258

• Home prices YoY: -27.2%
• Active inventory: 58
• Price-to-rent: 14.9×

Monthly cashflow live

• Estimated rent: $3,499 medium
• Mortgage (P&I): −$1,639
• Tax est. 1.5%: −$391 /mo · $4,688/yr
• Insurance: −$130
• HOA: −$0
• Vacancy / Maint / Mgmt: −$735
• Net cashflow: $605

Break-even live

Break-even rent $2,734

Max offer price $312,500

Occupancy floor 78%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	4	4.5	$3,500
Total (2 units)			$3,499

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $78,125
• Closing costs: $9,375
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $312,500 Active 62 DOM
2. 2026-06-17
   days on market $312,500 Active 61 DOM
3. 2026-06-16
   days on market $312,500 Active 60 DOM
4. 2026-06-15
   days on market $312,500 Active 59 DOM
5. 2026-06-13
   days on market $312,500 Active 57 DOM
6. 2026-06-09
   days on market $312,500 Active 53 DOM
7. 2026-06-08
   days on market $312,500 Active 52 DOM
8. 2026-06-07
   pricedays on market $312,500 Active 51 DOM
9. 2026-06-03
   days on market $362,500 Active 47 DOM
10. 2026-06-02
    days on market $362,500 Active 46 DOM
11. 2026-06-01
    days on market $362,500 Active 45 DOM
12. 2026-05-31
    days on market $362,500 Active 44 DOM
13. 2026-04-24
    status Active 248-char remark

    Show marketing remark (248 chars)

    Great Investment opportunity. Fully rented, townhouse-style duplex, with long term tenants, located in the heart of Mascoutah. Professionally managed and well maintained. Seller also owns 2 other duplexes nearby and would like to sell in a package.

14. 2026-04-24
    historical Active Under Contract 248-char remark

    Show marketing remark (248 chars)

    Great Investment opportunity. Fully rented, townhouse-style duplex, with long term tenants, located in the heart of Mascoutah. Professionally managed and well maintained. Seller also owns 2 other duplexes nearby and would like to sell in a package.

15. 2026-04-17
    listed $362,500 Active 248-char remark

    Show marketing remark (248 chars)

    Great Investment opportunity. Fully rented, townhouse-style duplex, with long term tenants, located in the heart of Mascoutah. Professionally managed and well maintained. Seller also owns 2 other duplexes nearby and would like to sell in a package.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,988
• − Mortgage interest: −$17,505
• − Property taxes: −$4,688
• − Insurance: −$1,562
• − Repairs & maintenance: −$3,359
• − Management: −$3,359
• − Depreciation: −$9,091
• Taxable income: $2,424
• Est. tax owed @ 24.0%: −$582
• After-tax cash flow: $6,673/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 2 photos

Good 75/100 Cosmetic rehab

This well-maintained multi-family property is fully rented and located in a desirable area. A fresh coat of paint and some landscaping improvements can further enhance its value.

Value-add opportunities

• Both Paint the exterior — Fresh paint can enhance curb appeal and property value.
• Both Trim the bushes — Well-maintained landscaping can improve curb appeal and property value.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior — Fresh paint can enhance curb appeal and property value. ↑
• Both Trim the bushes — Well-maintained landscaping can improve curb appeal and property value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Mascoutah CUD 19
• NCES district ID: 1724940
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 48% ▼ -11.00%
• Median HH income: $69,922
• Composite: 40.52/100
• National rank: #3708
• State rank: #80 of 620 in IL

Livability — Mascoutah

• Score: 68/100
• State rank: #471
• US rank: #9746

Category grades

Amenities F Commute A- Cost of living A+ Crime A+ Employment B+ Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mascoutah, IL
• County: Saint Clair County · 169,691 people
• City population: 10,437
• Metro: St. Louis, MO-IL
• Population (ZIP): 10,437
• Household income: $94,655
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 209.0

Population outlook (St. Clair County) Hauer SSP2

• Today (2025): 250,366 people
• By 2030: 240,511 · -3.9%
• By 2040: 217,391 · -13.2%
• By 2050: 192,699 · -23.0%
• By 2075: 140,637 · -43.8%
• By 2100: 100,499 · -59.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 8% Hispanic / Latino 7% Black 3% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 4% Slovak 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 4% Tagalog/Filipino 1% Other Asian/Pacific 1%

Political lean MEDSL · St. Clair

• 2024 margin: Lean D (+7.9) · D 53.0% · R 45.1% · Other 1.8%
• 2008→2024 swing: -14.6pp toward R · 2008: 22.4pp · 2024: 7.9pp
• All cycles: 2024: D+7.9 2020: D+8.7 2016: D+5.6 2012: D+14.5 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.21%
• Current HPI: 182.8448
• Rent YoY: —
• Metro: St. Louis, MO-IL
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

3 events — show timeline

• 2026-04-24 Relisted — MARIS as Distributed by MLS Grid
• 2026-04-24 Contingent — MARIS as Distributed by MLS Grid
• 2026-04-17 Listed $362,500 MARIS as Distributed by MLS Grid