314 S Cedar Street
Shelbyville, IL, 62565
$149,900
Beds
0 Baths
0 SqFt
0.6 Acres
Add
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Versatile Multi-Family Property with Strong Rental Income & Conversion Potential!
Welcome to this spacious multi-family home offering two generous units—perfect for investors seeking steady rental income, Airbnb potential, or buyers looking to convert into a single-family residence.
Unit 1 features: 3 spacious bedrooms and 2.5 baths, large living room perfect for relaxing or entertaining, Eat-in kitchen with ample cabinet and counter space, Full front porch access, Basement access with shared laundry area
Unit 2 offers: 2 bedrooms and 2.5 baths, Expansive layout with a large living room, family room, and dining area, updated kitchen with range, refrigerator, microwave and dishwasher, Enclosed porch perfect for year-round enjoyment,
Attached 2+ car garage, Direct basement access with private laundry, workshop, and abundant storage.
Recent updates include modernized electric panels and updated furnaces, ensuring comfort and efficiency. While the wood exterior could use fresh paint, the property offers strong structural integrity and immediate income generation.
Whether you’re looking to continue as a fully rented investment property, explore short-term rental opportunities, or convert back to a spacious single-family home—this property is full of potential.

Property Details

Price:
$149,900
MLS #:
6252863
Status:
ActiveUnderContract
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Duplex
Listed Date:
Jul 2, 2025
Total Sq Ft:
2,246
Lot Size:
26,250 sqft / 0.60 acres (approx)
Year Built:
1858
Shelbyville Dist. 4

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Schools

School District:
Shelbyville Dist. 4

Interior

Appliances
Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
Cooling
Central Air, Window Units
Heating
Forced Air, Gas

Exterior

Architectural Style
Victorian
Construction Materials
Wood Siding
Exterior Features
Workshop
Parking Features
Attached, Garage
Roof
Shingle

Financial

Tax Year
2024
Taxes
$3,840

Map

Community

Market Summary

Current real estate data for Single Family in Shelbyville as of Dec 16, 2025
139
Single Family Listed
230
Avg DOM
$162,100
Avg List Price

Property Summary

    314 S Cedar Street Shelbyville IL is a Single Family for sale in Shelbyville, IL, 62565. It is listed for $149,900 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1858. The average listing price for Single Family in Shelbyville is $162,100.

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