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.
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:
$159,900
MLS #:
6252863
Status:
Active
Beds:
0
Baths:
0
Address:
314 S Cedar Street
Type:
Single Family
Subtype:
Duplex
City:
Shelbyville
Listed Date:
Jul 3, 2025
State:
IL
Total Sq Ft:
2,246
ZIP:
62565
Lot Size:
26,250 sqft / 0.60 acres (approx)
Year Built:
1858
See this Listing
Kevin obtained is Real Estate Broker license and joined Grissom Schmitz Realty Inc. in Pana early in 2023 as a full time realtor. He graduated from Pana High School and went on to graduate from Lincoln Technical Institute in Indianapolis where he earned an Associate Degree in Applied Science specializing in auto and diesel mechanics. Kevin worked at Taylorville Correctional Center as both a Correctional Officer and a Correctional Food Service Supervisor II, retiring in 2015. He also owned, op…
More About KevinMortgage Calculator
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
- Address314 S Cedar Street Shelbyville IL
- CityShelbyville
- CountyShelby
- Zip Code62565
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