An 11 Bedroom House From $120,000

By Douglas A. McIntyre Updated Jan 13, 4:39AM EST · Published Aug 13, 9:05AM EDT

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An 11 Bedroom House From $120,000 — © Thinkstock

Eleven bedrooms. A $120,000 purchase price. Impossible. However, the home is in Odell, Illinois, and appears to be in terrible condition.

Odell is in the middle of nowhere on Interstate 55, about halfway between Naperville and Bloomington. It has a population of just more than 1,000 people, according to U.S. Census estimates for 2015. That is almost exactly the same number of people who lived there in 1900. The median household income is $41,346, about $10,000 less than the national average. However, the poverty rate is 7.7%, about half the national average. And 98% of the population is white.

The house was built in 1915. The listing:

Unique property on Old Rt 66 with endless possibilities for your family! A total of 11 bedrooms that you can convert to whatever your needs are. 2 1/2 baths. 3 stories in this beauty with the 3rd level being a huge family room! All original woodwork and hardwood flooring throughout. All brick exterior. Roof 2012. 200 amp wiring. Windows replaced in 2011 except the chapel which is now the living room with beautiful stained glass windows! Garage built in 2003.

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Realtor.com’s comment about the listing, which was its most viewed last week:

Well, it’s a former church, so you’ll have to get used to the stained-glass windows in your living room. And it has only 2.5 bathrooms, so you’ll have to pen a bathroom schedule and become an expert in loo logistics. But other than that, we see no downsides to this overstuffed brick manse. When you buy it, let us know—we’d love to see what you do with all those bedrooms.

Eleven bedrooms, two full baths and one half bath in 3,800 square feet, on 0.31 acre. A real find for a family of 15, or a congregation that needs a new church.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.