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
1720 State Highway 16 SHELBYVILLE, IL This 3-bedroom, 2-bath tri-level home sits on 1.7 acres just outside the city limits, offe...	3 beds \| 2 baths \| 1,812 sq.ft.	$182,700	Airbnb cash on cash: 4.25% Traditional cash on cash: 3.92% Airbnb Rental Income: $1701 Traditional Rental Income: $1170 Airbnb ROI: 4.25% Traditional ROI: 3.92%
2128 E 1525 North Rd SHELBYVILLE, IL 2128 E 1525 North Rd, SHELBYVILLE, IL 62565 \| Manufactured Home	3 beds \| 2 baths \| 1,765 sq.ft.	$299,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 0.58% Airbnb Rental Income: $1701 Traditional Rental Income: $1170 Airbnb ROI: 0.78% Traditional ROI: 0.58%
505 W North 4th St SHELBYVILLE, IL 505 W North 4th St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 1 baths \| 1,316 sq.ft.	$139,901	Airbnb cash on cash: 5.25% Traditional cash on cash: 7.85% Airbnb Rental Income: $1701 Traditional Rental Income: $1578 Airbnb ROI: 5.25% Traditional ROI: 7.85%
421 S Vine St SHELBYVILLE, IL 421 S Vine St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 3 baths \| 2,141 sq.ft.	$229,900	Airbnb cash on cash: 1.99% Traditional cash on cash: 1.72% Airbnb Rental Income: $1701 Traditional Rental Income: $1170 Airbnb ROI: 1.99% Traditional ROI: 1.72%
510 W South 7th St SHELBYVILLE, IL 510 W South 7th St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,473 sq.ft.	$139,000	Airbnb cash on cash: 5.3% Traditional cash on cash: 10.39% Airbnb Rental Income: $1701 Traditional Rental Income: $1907 Airbnb ROI: 5.3% Traditional ROI: 10.39%
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.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $2241 Airbnb ROI: N/A Traditional ROI: 5.23%
901 W North 13th St SHELBYVILLE, IL 901 W North 13th St, SHELBYVILLE, IL 62565 \| Single Family Residential	4 beds \| 2 baths \| 2,076 sq.ft.	$170,000	Airbnb cash on cash: 5.56% Traditional cash on cash: 9.7% Airbnb Rental Income: $2047 Traditional Rental Income: $2187 Airbnb ROI: 5.56% Traditional ROI: 9.7%
804 N Long St SHELBYVILLE, IL 804 N Long St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,360 sq.ft.	$189,900	Airbnb cash on cash: 3.07% Traditional cash on cash: 6.46% Airbnb Rental Income: $1701 Traditional Rental Income: $1841 Airbnb ROI: 3.07% Traditional ROI: 6.46%
225 E North 6th St SHELBYVILLE, IL 225 E North 6th St, SHELBYVILLE, IL 62565 \| Single Family Residential	2 beds \| 1 baths \| 870 sq.ft.	$135,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 3.63% Airbnb Rental Income: $818 Traditional Rental Income: $979 Airbnb ROI: -0.12% Traditional ROI: 3.63%
705 W South 1st St SHELBYVILLE, IL 705 W South 1st St, SHELBYVILLE, IL 62565 \| Single Family Residential	2 beds \| 1 baths \| 1,050 sq.ft.	$84,900	Airbnb cash on cash: 1.62% Traditional cash on cash: 7.46% Airbnb Rental Income: $818 Traditional Rental Income: $979 Airbnb ROI: 1.62% Traditional ROI: 7.46%
404 S Locust St SHELBYVILLE, IL 404 S Locust St, SHELBYVILLE, IL 62565 \| Single Family Residential	4 beds \| 2 baths \| 1,450 sq.ft.	$149,900	Airbnb cash on cash: 6.71% Traditional cash on cash: 6.37% Airbnb Rental Income: $2047 Traditional Rental Income: $1468 Airbnb ROI: 6.71% Traditional ROI: 6.37%
350 Main St SHELBYVILLE, IL 350 Main St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 1 baths \| 1,355 sq.ft.	$139,500	Airbnb cash on cash: 5.27% Traditional cash on cash: 7.89% Airbnb Rental Income: $1701 Traditional Rental Income: $1579 Airbnb ROI: 5.27% Traditional ROI: 7.89%
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: 0.78% Traditional cash on cash: 0.58% Airbnb Rental Income: $1701 Traditional Rental Income: $1170 Airbnb ROI: 0.78% Traditional ROI: 0.58%
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: -0.31% Traditional cash on cash: 9.63% Airbnb Rental Income: $818 Traditional Rental Income: $1865 Airbnb ROI: -0.31% Traditional ROI: 9.63%
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: 2.6% Traditional cash on cash: 11.55% Airbnb Rental Income: $818 Traditional Rental Income: $1113 Airbnb ROI: 2.6% Traditional ROI: 11.55%
1450 Rd N SHELBYVILLE, IL 1450 Rd N, SHELBYVILLE, IL 62565 \| Other	N/A beds \| N/A baths \| 1,744 sq.ft.	$89,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.45% Airbnb Rental Income: $null Traditional Rental Income: $670 Airbnb ROI: N/A Traditional ROI: 3.45%
LOT 5 1775 Rd SHELBYVILLE, IL LOT 5 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: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $670 Airbnb ROI: N/A Traditional ROI: 6.43%
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: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $670 Airbnb ROI: N/A Traditional ROI: 6.43%
Lot 4 1775 Rd SHELBYVILLE, IL Lot 4 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: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $670 Airbnb ROI: N/A Traditional ROI: 6.43%
N/a SHELBYVILLE, IL N/a, SHELBYVILLE, IL 62565 \| Other	N/A beds \| N/A baths \| N/A	$1,588,800	Airbnb cash on cash: N/A Traditional cash on cash: -2.87% Airbnb Rental Income: $null Traditional Rental Income: $670 Airbnb ROI: N/A Traditional ROI: -2.87%
1290 County Highway 18 SHELBYVILLE, IL 1290 County Highway 18, SHELBYVILLE, IL 62565 \| Single Family Residential	2 beds \| 1 baths \| 1,168 sq.ft.	$79,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 11.88% Airbnb Rental Income: $818 Traditional Rental Income: $1276 Airbnb ROI: 1.91% Traditional ROI: 11.88%

Real Estate investment in Shelbyville, IL

There are 21 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $315,000 and the average price per square foot is $143. In January 2026, the average monthly cash on cash return in Shelbyville is 10.00%. The average monthly rental income in Shelbyville is $1,142.

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

There are 21 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 $1,701.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, IL

1720 State Highway 16

SHELBYVILLE, IL

3 beds | 2 baths | 1,812 sq.ft.

$182,700

Airbnb cash on cash: 4.25%

Traditional cash on cash: 3.92%

Airbnb Rental Income: $1701

Traditional Rental Income: $1170

Airbnb ROI: 4.25%

Traditional ROI: 3.92%

2128 E 1525 North Rd

SHELBYVILLE, IL

3 beds | 2 baths | 1,765 sq.ft.

$299,900

Airbnb cash on cash: 0.78%

Traditional cash on cash: 0.58%

Airbnb Rental Income: $1701

Traditional Rental Income: $1170

Airbnb ROI: 0.78%

Traditional ROI: 0.58%

505 W North 4th St

SHELBYVILLE, IL

3 beds | 1 baths | 1,316 sq.ft.

$139,901

Airbnb cash on cash: 5.25%

Traditional cash on cash: 7.85%

Airbnb Rental Income: $1701

Traditional Rental Income: $1578

Airbnb ROI: 5.25%

Traditional ROI: 7.85%

421 S Vine St

SHELBYVILLE, IL

3 beds | 3 baths | 2,141 sq.ft.

$229,900

Airbnb cash on cash: 1.99%

Traditional cash on cash: 1.72%

Airbnb Rental Income: $1701

Traditional Rental Income: $1170

Airbnb ROI: 1.99%

Traditional ROI: 1.72%

510 W South 7th St

SHELBYVILLE, IL

3 beds | 2 baths | 1,473 sq.ft.

$139,000

Airbnb cash on cash: 5.3%

Traditional cash on cash: 10.39%

Airbnb Rental Income: $1701

Traditional Rental Income: $1907

Airbnb ROI: 5.3%

Traditional ROI: 10.39%

607 W North 1st St

SHELBYVILLE, IL

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

$269,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.23%

Airbnb Rental Income: $null

Traditional Rental Income: $2241

Airbnb ROI: N/A

Traditional ROI: 5.23%

901 W North 13th St

SHELBYVILLE, IL

4 beds | 2 baths | 2,076 sq.ft.

$170,000

Airbnb cash on cash: 5.56%

Traditional cash on cash: 9.7%

Airbnb Rental Income: $2047

Traditional Rental Income: $2187

Airbnb ROI: 5.56%

Traditional ROI: 9.7%

804 N Long St

SHELBYVILLE, IL

3 beds | 2 baths | 1,360 sq.ft.

$189,900

Airbnb cash on cash: 3.07%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1701

Traditional Rental Income: $1841

Airbnb ROI: 3.07%