Real Estate Investment Properties for Sale in Shelbyville, IL

Looking for investment property in Shelbyville, IL with high ROI ?

Explore a variety of short-term homes & houses in Shelbyville, IL. Invest wisely with VRBO & Shelbyville, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Shelbyville, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
114 Main St SHELBYVILLE, IL 114 Main St, SHELBYVILLE, IL 62565 \| Multi Family	2 beds \| N/A baths \| 2,200 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.63% Airbnb Rental Income: $null Traditional Rental Income: $806 Airbnb ROI: N/A Traditional ROI: -0.63%
607 W North 1st St SHELBYVILLE, IL 607 W North 1st St, SHELBYVILLE, IL 62565 \| Single Family Residential	5 beds \| 2 baths \| 2,360 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.55% Airbnb Rental Income: $null Traditional Rental Income: $2241 Airbnb ROI: N/A Traditional ROI: 5.55%
350 Main St SHELBYVILLE, IL 350 Main St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 1 baths \| 1,355 sq.ft.	$129,500	Airbnb cash on cash: 9.34% Traditional cash on cash: 8.72% Airbnb Rental Income: $2213 Traditional Rental Income: $1579 Airbnb ROI: 9.34% Traditional ROI: 8.72%
1442 State Highway 16 SHELBYVILLE, IL 1442 State Highway 16, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,900 sq.ft.	$299,900	Airbnb cash on cash: 2.29% Traditional cash on cash: 4.22% Airbnb Rental Income: $2213 Traditional Rental Income: $2199 Airbnb ROI: 2.29% Traditional ROI: 4.22%
516 S 10th St SHELBYVILLE, IL 516 S 10th St, SHELBYVILLE, IL 62565 \| Single Family Residential	2 beds \| 2 baths \| 1,891 sq.ft.	$144,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 9.63% Airbnb Rental Income: $1339 Traditional Rental Income: $1865 Airbnb ROI: 2.83% Traditional ROI: 9.63%
511 W South 10th St SHELBYVILLE, IL 511 W South 10th St, SHELBYVILLE, IL 62565 \| Single Family Residential	2 beds \| 1 baths \| 784 sq.ft.	$74,000	Airbnb cash on cash: 8.23% Traditional cash on cash: 10.43% Airbnb Rental Income: $1339 Traditional Rental Income: $1088 Airbnb ROI: 8.23% Traditional ROI: 10.43%
613 W South 10th St SHELBYVILLE, IL 613 W South 10th St, SHELBYVILLE, IL 62565 \| Single Family Residential	2 beds \| 1 baths \| 744 sq.ft.	$69,900	Airbnb cash on cash: 8.86% Traditional cash on cash: 11.55% Airbnb Rental Income: $1339 Traditional Rental Income: $1113 Airbnb ROI: 8.86% Traditional ROI: 11.55%
LOT 7 1775 Rd SHELBYVILLE, IL LOT 7 1775 Rd, SHELBYVILLE, IL 62565 \| Other	N/A beds \| N/A baths \| N/A	$60,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.35% Airbnb Rental Income: $null Traditional Rental Income: $846 Airbnb ROI: N/A Traditional ROI: 9.35%
814 South 10th St SHELBYVILLE, IL 814 South 10th St, SHELBYVILLE, IL 62565 \| Single Family Residential	2 beds \| 1 baths \| 784 sq.ft.	$74,000	Airbnb cash on cash: 8.23% Traditional cash on cash: 11.65% Airbnb Rental Income: $1339 Traditional Rental Income: $1177 Airbnb ROI: 8.23% Traditional ROI: 11.65%
2200 E 900 Rd N SHELBYVILLE, IL 2200 E 900 Rd N, SHELBYVILLE, IL 62565 \| Other	N/A beds \| N/A baths \| N/A	$500,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.64% Airbnb Rental Income: $null Traditional Rental Income: $846 Airbnb ROI: N/A Traditional ROI: -1.64%
24 Boarman Dr SHELBYVILLE, IL 24 Boarman Dr, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,660 sq.ft.	$287,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 4.51% Airbnb Rental Income: $2213 Traditional Rental Income: $2195 Airbnb ROI: 2.52% Traditional ROI: 4.51%
313 N Wood St SHELBYVILLE, IL 313 N Wood St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,008 sq.ft.	$159,900	Airbnb cash on cash: 7.02% Traditional cash on cash: 7.23% Airbnb Rental Income: $2213 Traditional Rental Income: $1688 Airbnb ROI: 7.02% Traditional ROI: 7.23%
1512 N 1895 East Rd SHELBYVILLE, IL 1512 N 1895 East Rd, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,490 sq.ft.	$252,900	Airbnb cash on cash: 3.31% Traditional cash on cash: 5.16% Airbnb Rental Income: $2213 Traditional Rental Income: $2097 Airbnb ROI: 3.31% Traditional ROI: 5.16%
219 N Broadway St SHELBYVILLE, IL 219 N Broadway St, SHELBYVILLE, IL 62565 \| Single Family Residential	5 beds \| 2 baths \| 3,739 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $2459 Airbnb ROI: N/A Traditional ROI: 4.74%
1010 E Northland Dr SHELBYVILLE, IL 1010 E Northland Dr, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 3 baths \| 2,446 sq.ft.	$239,900	Airbnb cash on cash: 3.65% Traditional cash on cash: 8.91% Airbnb Rental Income: $2213 Traditional Rental Income: $2846 Airbnb ROI: 3.65% Traditional ROI: 8.91%
1509 W North First St SHELBYVILLE, IL 1509 W North First St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,850 sq.ft.	$199,000	Airbnb cash on cash: 5.05% Traditional cash on cash: 7.97% Airbnb Rental Income: $2213 Traditional Rental Income: $2208 Airbnb ROI: 5.05% Traditional ROI: 7.97%
817 Charles St SHELBYVILLE, IL 817 Charles St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,850 sq.ft.	$164,900	Airbnb cash on cash: 6.71% Traditional cash on cash: 10.26% Airbnb Rental Income: $2213 Traditional Rental Income: $2214 Airbnb ROI: 6.71% Traditional ROI: 10.26%
1683 County Highway 5 SHELBYVILLE, IL 1683 County Highway 5, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,782 sq.ft.	$299,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 4.05% Airbnb Rental Income: $2213 Traditional Rental Income: $2145 Airbnb ROI: 2.31% Traditional ROI: 4.05%
1775 East Rd SHELBYVILLE, IL 1775 East Rd, SHELBYVILLE, IL 62565 \| Other	N/A beds \| N/A baths \| N/A	$59,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.39% Airbnb Rental Income: $null Traditional Rental Income: $846 Airbnb ROI: N/A Traditional ROI: 9.39%
1800 E 700 North Rd SHELBYVILLE, IL 1800 E 700 North Rd, SHELBYVILLE, IL 62565 \| Other	N/A beds \| N/A baths \| N/A	$724,522	Airbnb cash on cash: N/A Traditional cash on cash: -2.14% Airbnb Rental Income: $null Traditional Rental Income: $846 Airbnb ROI: N/A Traditional ROI: -2.14%
1310 W South 11th St SHELBYVILLE, IL 1310 W South 11th St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 1 baths \| 1,575 sq.ft.	$189,000	Airbnb cash on cash: 5.47% Traditional cash on cash: 5.93% Airbnb Rental Income: $2213 Traditional Rental Income: $1738 Airbnb ROI: 5.47% Traditional ROI: 5.93%
700 N Lodge St SHELBYVILLE, IL 700 N Lodge St, SHELBYVILLE, IL 62565 \| Single Family Residential	2 beds \| 2 baths \| 1,736 sq.ft.	$159,900	Airbnb cash on cash: 2.25% Traditional cash on cash: 8.72% Airbnb Rental Income: $1339 Traditional Rental Income: $1916 Airbnb ROI: 2.25% Traditional ROI: 8.72%

Real Estate investment in Shelbyville, IL

There are 22 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $129,922 and the average price per square foot is $64. In August 2026, the average monthly cash on cash return in Shelbyville is 10.00%. The average monthly rental income in Shelbyville is $1,264.

Shelbyville, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22 investment properties available for sale in Shelbyville.

In 2026, the best neighborhood to buy investment property is SHELBYVILLE.

The ROI for Short-Term is higher than the Long-Term in Shelbyville with average rental income of $2,213.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, IL

114 Main St

SHELBYVILLE, IL

2 beds | N/A baths | 2,200 sq.ft.

$289,900

Airbnb cash on cash: N/A

Traditional cash on cash: -0.63%

Airbnb Rental Income: $null

Traditional Rental Income: $806

Airbnb ROI: N/A

Traditional ROI: -0.63%

607 W North 1st St

SHELBYVILLE, IL

5 beds | 2 baths | 2,360 sq.ft.

$259,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.55%

Airbnb Rental Income: $null

Traditional Rental Income: $2241

Airbnb ROI: N/A

Traditional ROI: 5.55%

350 Main St

SHELBYVILLE, IL

3 beds | 1 baths | 1,355 sq.ft.

$129,500

Airbnb cash on cash: 9.34%

Traditional cash on cash: 8.72%

Airbnb Rental Income: $2213

Traditional Rental Income: $1579

Airbnb ROI: 9.34%

Traditional ROI: 8.72%

1442 State Highway 16

SHELBYVILLE, IL

3 beds | 2 baths | 1,900 sq.ft.

$299,900

Airbnb cash on cash: 2.29%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $2213

Traditional Rental Income: $2199

Airbnb ROI: 2.29%

Traditional ROI: 4.22%

516 S 10th St

SHELBYVILLE, IL

2 beds | 2 baths | 1,891 sq.ft.

$144,000

Airbnb cash on cash: 2.83%

Traditional cash on cash: 9.63%

Airbnb Rental Income: $1339

Traditional Rental Income: $1865

Airbnb ROI: 2.83%

Traditional ROI: 9.63%

511 W South 10th St

SHELBYVILLE, IL

2 beds | 1 baths | 784 sq.ft.

$74,000

Airbnb cash on cash: 8.23%

Traditional cash on cash: 10.43%

Airbnb Rental Income: $1339

Traditional Rental Income: $1088

Airbnb ROI: 8.23%

Traditional ROI: 10.43%

613 W South 10th St

SHELBYVILLE, IL

2 beds | 1 baths | 744 sq.ft.

$69,900

Airbnb cash on cash: 8.86%

Traditional cash on cash: 11.55%

Airbnb Rental Income: $1339

Traditional Rental Income: $1113

Airbnb ROI: 8.86%

Traditional ROI: 11.55%

LOT 7 1775 Rd

SHELBYVILLE, IL

N/A beds | N/A baths | N/A

$60,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.35%

Airbnb Rental Income: $null

Traditional Rental Income: $846

Airbnb ROI: N/A