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Three-Level Furnished Apartment Building
For Sale
$400,000

720 Wigwam Hollow Rd, Macomb, IL 61455

Furnished rooming property near Western Illinois University with shared living, dining, kitchen, laundry, and bathroom areas.

Property Size7,875 SF
Price / SF$50.79
Days on Market711

Property Features for 720 Wigwam Hollow Rd

General Information

Standard status Active
Size 7,875 SF
Property subtype Multi-Family

Additional Details

Furnished Yes

Building Details

Year Built 1974
Buildings 1
Stories 3
Listing Agency: Joy's Realty
Listed By: Joylene Frye ()
Source: Searchillinoishomesforsale
Added: Sep 25, 2024 Changed: Sep 2 Last Checked: Sep 4 at 7:17AM

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 Joy's Realty

Investment Insights

Based on property information with market context.

This three-level, 7,875-square-foot apartment building was constructed in 1974 and contains 19 furnished rooms. Individual room furnishings include a queen or twin bed, dresser, bedside stand, desk or table, chair, mini-refrigerator, and microwave. Shared improvements include living and dining areas, kitchens, laundry facilities, and multiple bathrooms across the building.

Located at 720 Wigwam Hollow Rd in Macomb, the property is close to Western Illinois University. The city of Macomb has classified the property as a Boarding House, and rooms have been rented to Master Level Foreign Students attending the university for the past two years.

Key Highlights

  • 7,875‑square‑foot, three‑level building constructed in 1974
  • 19 furnished rooms with beds, desks or tables, mini‑refrigerators, and microwaves
  • Shared living, dining, kitchen, laundry, and bathroom areas

Property Analytics

Current Use

Sigma Alpha Epsilon ... Volunteer Organization

Suggested Use

Top Pick Law Firm Hair Salon Real Estate Agency Dental Office Pharmacy Kitchen & Bath Showroom

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

250
Businesses Nearby

Demographics for 61455, IL

17,630
Population
8,682
Households
2
Avg Household Size
32
Median Age
39%
College-Educated
95%
High-School Grad
162.5 sq mi
ZIP Area
108
Density / Sq Mi
$45,048
Median Household Income
$19,778
Median Earnings
$739
Median Rent
$117,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Furnished rooming property near Western Illinois University with shared living, dining, kitchen, laundry, and bathroom areas.
Where is this apartment building located?
The property is located at 720 Wigwam Hollow Rd Macomb, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 7,875‑square‑foot, three‑level building constructed in 1974; 19 furnished rooms with beds, desks or tables, mini‑refrigerators, and microwaves; Shared living, dining, kitchen, laundry, and bathroom areas
More about this property
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