#6251812, Listing office: C21 Realty Concepts
Property details
About 314 S Cedar St
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.
Highlights
Home typeDuplex
HeatingNatural Gas, Forced Air
StatusActive
CoolingCentral Air, Window Unit(s)
BasementYes
Lot size0.6 Acres
Year built1858
ParkingAttached, Garage
MLS #6252863
Attached garage2 spaces
Summary
- Appliances: Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
- Basement: Yes
- Interior: Walk-In Closet(s)
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached, Garage
- Architectural Style: Victorian
- Heating: Natural Gas, Forced Air
- Cooling: Central Air, Window Unit(s)
- List Price: $159,900
- Annual Tax Amount: $3,688
- Tax Year: 2023
- Year Built: 1858
- Stories: 2
- Lot Size: 0.6 Acres
- MLS Number: 6252863
- MLS Name: CentralIL
- Office Name: Glenda Sphar Realty
- Office Phone: (217) 774-4044
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Central Illinois Board of Realtors. 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 deemed reliable but not guaranteed. Copyright© 2025 Central Illinois Board of Realtors.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 12:45:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $46,589 | $3,688 |
| 2022 | $42,439 | $3,541 |
| 2021 | $40,491 | $3,426 |
| 2020 | $40,491 | $- |
| 2019 | $40,491 | $- |
| 2018 | $37,603 | $- |
| 2017 | $37,603 | $- |
History based on county public records data.
Nearby schools
8
Main Street Elementary School
Public District 1-3
0.7 mi
•225 W Main St
3
Windsor Elementary School
Public District PK-6
11.8 mi
•808 Wisconsin Ave
5
Lincoln Elementary School
Public District 3-5
14.2 mi
•PO Box 377
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,345. The majority of Shelbyville, IL residents have income less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
56%
<35k
41%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
47%
Single, No Kids
10%
Single, with Kids
29%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
6%
12-17 yrs old
18%
18-34 yrs old
36%
35-64 yrs old
25%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Extreme Sports
NASCAR
Where do the neighbors shop?
Kmart
Stein Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Cracker Barrel
What do the neighbors drive?
Buick
Chevrolet
Ram
What do the neighbors listen to?
Oldies
Adult Standards
Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 314 S Cedar St
The listing price of 314 S Cedar St property is $159,900.
The property 314 S Cedar St is a multi located in Shelbyville, Illinois, 62565.
Active Listing: 314 S Cedar St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 314 S Cedar St are: Main Street Elementary School (GreatSchools Rating 8/10), Windsor Elementary School (GreatSchools Rating 3/10), Lincoln Elementary School (GreatSchools Rating 5/10), Moulton Elementary School (GreatSchools Rating 5/10), Okaw Valley Middle School (GreatSchools Rating 6/10), Stewardson-Strasburg Elementary School (GreatSchools Rating 5/10), Shelbyville High School (GreatSchools Rating 7/10), Windsor Jr & Sr High School (GreatSchools Rating 5/10), Cowden-Herrick Jr/Sr High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $3,688 (source: MLS/based on county public records data).
The year of construction for 314 S Cedar St is 1858.
This home is located at 314 S Cedar St in Shelbyville, IL and zip code 62565. Features: 0 bathroom. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $159,900.
From Rocket Homes Real Estate and based on county public records data.