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314 S Cedar Street, 
Shelbyville, IL 62565

$149,900


—

Bed


—

Bath


2,246

Sq Ft


Townhouse

Pending

Listed by

Glenda Sphar

Glenda Sphar Realty

217-774-4044

Last updated:

December 20, 2025, 11:06 AM

MLS#

6252863

Source:

IL CIBOR

About This Home

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.

Home Facts

Townhouse

Built in 1858

Price Summary

149,900

$66 per Sq. Ft.

MLS #:

6252863

Last Updated:

December 20, 2025, 11:06 AM

Added:

a year ago


Rooms & Interior

Interior

Living Area:

2,246 Sq. Ft.


Structure

Structure

Architectural Style:

Victorian

Building Area:

2,246 Sq. Ft.

Year Built:

1858


Lot

Lot Size (Sq. Ft):

26,250


Finances & Disclosures

Finances

Price:

$149,900

Price per Sq. Ft:

$66 per Sq. Ft.

Source:IL CIBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.