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314 S Cedar Street

Shelbyville, IL 62565
  • $159,900
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 6252863
UPDATED: 25 min ago
$159,900
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,246
    SQFT
  • $71
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1858
County:
Area:

School Ratings & Info

School District:

Description

Versatile Multi-Family Property with Strong Rental Income & Conversion Potential! Welcome to this spacious multi-family home offering two generous unitsperfect 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 homethis property is full of potential.

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© 2025 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2025-07-11T16:27:47.187.
www.mainplace.us/homes/165546781
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314 S Cedar Street Shelbyville, IL 62565

  • Price: $159,900
  • Status: Active
  • On Site: 7 Days
  • Updated: 25 min ago
  • MLS #: 6252863
0
Beds
0
Baths
0
½ Baths
0.6
Acres
2,246
SQFT
$71
$/SQFT
1858
Built
Neighborhood:
Shelbyville
County:
Shelby
Area:
Shelbyville
School District:
Shelbyville Dist. 4
Property Description
Versatile Multi-Family Property with Strong Rental Income & Conversion Potential! Welcome to this spacious multi-family home offering two generous unitsperfect 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 homethis property is full of potential.
Exterior Features

Architectural Style Victorian Attached Garage YN Yes Carport Spaces 1 Carport YN Yes Construction Materials Wood Siding Exterior Features Workshop Foundation Details Basement Garage YN Yes Levels Two Parking Features Attached Garage Road Surface Type Gravel Roof Shingle Waterfront YN No

Interior Features

Above Grade Finished Area 2246 Appliances Dryer Gas Water Heater Microwave Range Refrigerator Washer Water Softener Basement Unfinished Full Basement YN Yes Cooling Central Air Window Unit(s) Cooling YN Yes Heating Forced Air Gas Heating YN Yes Interior Features Attic Walk- In Closet(s) Workshop

Property Features

Gross Scheduled Income 28200 Lease Considered YN Yes Operating Expense 13522 Owner Pays All Utilities Possession Closing Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 3840 Tax Legal Description S13 T11 N R3 E E 1 /2 OF BLK 10 EXC N 125' CITIZEN' S ADDN 175' X 150' Tax Year 2024 Water Source Public Zoning R-2

Listing information © 2025 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Glenda Sphar of Glenda Sphar Realty: (217) 774-4044.


© 2025 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2025-07-11T16:27:47.187.
 
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