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
707 N Chestnut St SHELBYVILLE, IL Exceptional Custom Home with All the updates Complete and Ready to Move Into. Red Cedar an...	4 beds \| 2 baths \| 2,800 sq.ft.	$279,900	Airbnb cash on cash: 1.55% Traditional cash on cash: 6.87% Airbnb Rental Income: $1556 Traditional Rental Income: $2511 Airbnb ROI: 1.55% Traditional ROI: 6.87%
114 Main St SHELBYVILLE, IL 114 Main St, SHELBYVILLE, IL 62565 \| Multi Family	N/A beds \| N/A baths \| 3,200 sq.ft.	$289,900	Airbnb cash on cash: 0.48% Traditional cash on cash: -0.63% Airbnb Rental Income: $1556 Traditional Rental Income: $806 Airbnb ROI: 0.48% 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%
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: 0.41% Traditional cash on cash: 4.22% Airbnb Rental Income: $1573 Traditional Rental Income: $2199 Airbnb ROI: 0.41% 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: 0.47% Traditional cash on cash: 9.63% Airbnb Rental Income: $948 Traditional Rental Income: $1865 Airbnb ROI: 0.47% 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: 3.78% Traditional cash on cash: 10.43% Airbnb Rental Income: $948 Traditional Rental Income: $1088 Airbnb ROI: 3.78% 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: 4.17% Traditional cash on cash: 11.55% Airbnb Rental Income: $948 Traditional Rental Income: $1113 Airbnb ROI: 4.17% 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%
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: -2.75% Airbnb Rental Income: $null Traditional Rental Income: $849 Airbnb ROI: N/A Traditional ROI: -2.75%
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: 3.78% Traditional cash on cash: 11.65% Airbnb Rental Income: $948 Traditional Rental Income: $1177 Airbnb ROI: 3.78% 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.	$289,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 4.46% Airbnb Rental Income: $1573 Traditional Rental Income: $2195 Airbnb ROI: 0.53% Traditional ROI: 4.46%
313 N Wood St SHELBYVILLE, IL 313 N Wood St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,008 sq.ft.	$164,900	Airbnb cash on cash: 3.32% Traditional cash on cash: 6.92% Airbnb Rental Income: $1573 Traditional Rental Income: $1688 Airbnb ROI: 3.32% Traditional ROI: 6.92%
1606 W North 3rd St SHELBYVILLE, IL 1606 W North 3rd St, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 2 baths \| 1,560 sq.ft.	$359,900	Airbnb cash on cash: -0.2% Traditional cash on cash: 2.89% Airbnb Rental Income: $1573 Traditional Rental Income: $2167 Airbnb ROI: -0.2% Traditional ROI: 2.89%
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.	$269,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 4.63% Airbnb Rental Income: $1573 Traditional Rental Income: $2097 Airbnb ROI: 0.8% Traditional ROI: 4.63%
219 N Broadway St SHELBYVILLE, IL 219 N Broadway St, SHELBYVILLE, IL 62565 \| Single Family Residential	5 beds \| 2 baths \| 3,739 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.16% Airbnb Rental Income: $null Traditional Rental Income: $2459 Airbnb ROI: N/A Traditional ROI: 4.16%
1010 E Northland Dr SHELBYVILLE, IL 1010 E Northland Dr, SHELBYVILLE, IL 62565 \| Single Family Residential	3 beds \| 3 baths \| 2,446 sq.ft.	$259,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 7.99% Airbnb Rental Income: $1573 Traditional Rental Income: $2846 Airbnb ROI: 0.96% Traditional ROI: 7.99%
1901 E 1525 North Rd SHELBYVILLE, IL 1901 E 1525 North Rd, SHELBYVILLE, IL 62565 \| Single Family Residential	4 beds \| 2 baths \| 2,190 sq.ft.	$265,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 5.82% Airbnb Rental Income: $1556 Traditional Rental Income: $2364 Airbnb ROI: 0.81% Traditional ROI: 5.82%
811 W North 1st St SHELBYVILLE, IL 811 W North 1st St, SHELBYVILLE, IL 62565 \| Single Family Residential	4 beds \| 1 baths \| 2,900 sq.ft.	$199,900	Airbnb cash on cash: 2.12% Traditional cash on cash: 5.34% Airbnb Rental Income: $1556 Traditional Rental Income: $1719 Airbnb ROI: 2.12% Traditional ROI: 5.34%
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.	$219,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 6.97% Airbnb Rental Income: $1573 Traditional Rental Income: $2208 Airbnb ROI: 1.73% Traditional ROI: 6.97%

Real Estate investment in Shelbyville, IL

There are 20 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $177,908 and the average price per square foot is $86. In June 2026, the average monthly cash on cash return in Shelbyville is 9.00%. The average monthly rental income in Shelbyville is $1,276.

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

There are 20 investment properties available for sale in Shelbyville.

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

The ROI for Long-Term is higher than the Short-Term in Shelbyville with average rental income of $1,276.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, IL

707 N Chestnut St

SHELBYVILLE, IL

4 beds | 2 baths | 2,800 sq.ft.

$279,900

Airbnb cash on cash: 1.55%

Traditional cash on cash: 6.87%

Airbnb Rental Income: $1556

Traditional Rental Income: $2511

Airbnb ROI: 1.55%

Traditional ROI: 6.87%

114 Main St

SHELBYVILLE, IL

N/A beds | N/A baths | 3,200 sq.ft.

$289,900

Airbnb cash on cash: 0.48%

Traditional cash on cash: -0.63%

Airbnb Rental Income: $1556

Traditional Rental Income: $806

Airbnb ROI: 0.48%

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%

1442 State Highway 16

SHELBYVILLE, IL

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

$299,900

Airbnb cash on cash: 0.41%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $1573

Traditional Rental Income: $2199

Airbnb ROI: 0.41%

Traditional ROI: 4.22%

516 S 10th St

SHELBYVILLE, IL

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

$144,000

Airbnb cash on cash: 0.47%

Traditional cash on cash: 9.63%

Airbnb Rental Income: $948

Traditional Rental Income: $1865

Airbnb ROI: 0.47%

Traditional ROI: 9.63%

511 W South 10th St

SHELBYVILLE, IL

2 beds | 1 baths | 784 sq.ft.

$74,000

Airbnb cash on cash: 3.78%

Traditional cash on cash: 10.43%

Airbnb Rental Income: $948

Traditional Rental Income: $1088

Airbnb ROI: 3.78%

Traditional ROI: 10.43%

613 W South 10th St

SHELBYVILLE, IL

2 beds | 1 baths | 744 sq.ft.

$69,900

Airbnb cash on cash: 4.17%

Traditional cash on cash: 11.55%

Airbnb Rental Income: $948

Traditional Rental Income: $1113

Airbnb ROI: 4.17%

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