314 S Cedar Street, Shelbyville, IL
$159,900
Active
2,246 SqFt
0.60 Acres
2 Car Garage
About 314 S Cedar Street
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.
Facts & Features
| MLS® # | 6252863 |
|---|---|
| Price | $159,900 |
| Cost Per Square Foot | $71 |
| Bathrooms | 0.00 |
| Total Finished Square Feet | 2,246 |
| Total Finished Above Grade | 2,246 |
| Main | 2,246 |
| Acres | 0.60 |
| Year Built | 1858 |
| Type | Single Family |
| Sub-Type | Duplex |
| Style | Victorian |
| Status | Active |
| Taxes | $3,840 |
| Tax Year | 2024 |
Community Information
| Address | 314 S Cedar Street |
|---|---|
| City | Shelbyville |
| County | Shelby |
| State | IL |
| Zip Code | 62565 |
Amenities
| Parking | Attached, Garage |
|---|---|
| # of Garage Spaces | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dryer, Gas Water Heater, Range, Refrigerator, Washer, Microwave, Water Softener |
|---|---|
| Heating | Gas, Forced Air |
| Cooling | Central Air, Window Unit(s) |
| Has Basement | Yes |
| Basement | Unfinished, Full |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior Features | Workshop |
|---|---|
| Roof | Shingle |
| Construction | Wood Siding |
| Foundation | Basement |
School Information
| District | Shelbyville Dist. 4 |
|---|
Additional Information
| Date Listed | July 3rd, 2025 |
|---|---|
| Days on Market | 18 |
| Zoning | R-2 |
Listing Details
| Agent | Glenda Sphar |
|---|---|
| Office | Glenda Sphar Realty |