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314 S Cedar Street, 
Shelbyville, IL 62565

$159,900


Bed


Bath


2,246

Sq Ft


Townhouse

Active

Listed by

Glenda Sphar

Glenda Sphar Realty

217-774-4044

Last updated:

July 14, 2025, 03:18 PM

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

159,900

$71 per Sq. Ft.

MLS #:

6252863

Last Updated:

July 14, 2025, 03:18 PM

Added:

a month 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:

$159,900

Price per Sq. Ft:

$71 per Sq. Ft.

Source:IL CIBOR
The information being provided by Central Illinois Board of Realtors MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Central Illinois Board of Realtors MLS All rights reserved.

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