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Shelbyville, IL Multifamily Homes & Duplexes for Sale

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  • 609 & 611 W North 1st St Unit 611, Shelbyville, IL 62565
    609 & 611 W North 1st St Unit 611, Shelbyville, IL 62565
    /2

    $49,900

    609 & 611 W North 1st St Unit 611, Shelbyville, IL 62565

    Great investment property. Property being sold as is.

    Penny Hood Shelby Realty Services

    609 & 611 W North 1st St Unit 611, Shelbyville, IL 62565
  • 314 S Cedar St, Shelbyville, IL 62565
    314 S Cedar St, Shelbyville, IL 62565
    314 S Cedar St, Shelbyville, IL 62565
    /40

    $159,900

    • 2,246 Sq Ft

    314 S Cedar St, Shelbyville, IL 62565

    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,

    Glenda Sphar Glenda Sphar Realty

    314 S Cedar St, Shelbyville, IL 62565
  • 172 S Broadway St, Shelbyville, IL 62565
    172 S Broadway St, Shelbyville, IL 62565
    172 S Broadway St, Shelbyville, IL 62565
    /39

    $95,000

    172 S Broadway St, Shelbyville, IL 62565

    Looking for an investment? Checkout this nice old home that has been converted to 3 Apartments. One 2 bedroom apartment upstairs, One 2 bedroom apartment downstairs, and One 1 bedroom apartment downstairs. Apartments were in the process of being renovated, just needs to be finished and cleaned up and you are ready for tenants. Located 1 block from down town

    Randall Milliman C21 Realty Concepts

    172 S Broadway St, Shelbyville, IL 62565
  • 318 W Main St, Shelbyville, IL 62565
    318 W Main St, Shelbyville, IL 62565
    318 W Main St, Shelbyville, IL 62565
    /34

    $249,900

    • 4,104 Sq Ft

    318 W Main St, Shelbyville, IL 62565

    Don't miss out on this fantastic business opportunity! Currently a AirBnB with two main floor units that have a large living room, 1 bedroom, kitchen, full bath and laundry. The upper level consists of two bedrooms, living room, kitchen, full bathroom and laundry. There are so many great features with this historical beautiful home and many recent updates including newer roof and windows. The

    Glenda Sphar Glenda Sphar Realty

    318 W Main St, Shelbyville, IL 62565
Illinois Shelby County Shelbyville

Multi-Family Homes & Duplexes for Sale in Shelbyville, IL

Home Trends in Shelbyville, IL

On average, homes in Shelbyville, IL sell after 51 days on the market compared to the national average of 52 days. The median sale price for homes in Shelbyville, IL over the last 12 months is $125,000, up 9% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$125,000
Median Single Family Sale Price
$125,000
Average Price Per Sq Ft
$97
Number of Homes for Sale
11
Last 12 months Home Sales
105
Months of Supply
1.30
Median List Price
$134,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
9%
How to Buy a Home How to Finance a Home How to Sell a Home

In Shelbyville, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $49,900 to $249,900, there's a range to accomodate every budget. As of August, 2025 the median home price in Shelbyville is $134,900, while the average sale price is $140,708, offering insights into the local housing market. On average, multi-family homes spend 51 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Shelbyville, IL.

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