Price Reduced Listing
314 S Cedar Street,Shelbyville, IL 62565
Shelbyville, IL 62565
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.
Details
| MLS # | 6252863 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1858 |
| Days On Site | 128 |
| Listing Provided By | Glenda Sphar Realty | Glenda Sphar |
Features
| SQ Feet | 2,246 |
|---|---|
| Garage | 2 |
| Car Port | Yes |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | R-2 |
| Acreage | 0.60 |
Taxes
| Property | 3840 |
|---|
Area Information
| State | IL |
|---|---|
| County | Shelby |
| City | Shelbyville |
| Zip Code | 62565 |
| School District | Shelbyville Dist. 4 |
| Elementary School | Shelbyville Dist. 4 |
| High School | Shelbyville Dist. 4 |
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Learn More About This Property
| State | IL |
|---|---|
| County | Shelby |
| City | Shelbyville |
| Zip Code | 62565 |
| School District | Shelbyville Dist. 4 |
| Elementary School | Shelbyville Dist. 4 |
| High School | Shelbyville Dist. 4 |
