We develop a two‐dimensional full waveform inversion approach for the simultaneous determination of S‐wave velocity and density models from SH ‐ and Love‐wave data. We illustrate the advantages of the SH/Love full waveform inversion with a simple synthetic example and demonstrate the method's applicability to a near‐surface dataset, recorded in the village Čachtice in Northwestern Slovakia. Goal of the survey was to map remains of historical building foundations in a highly heterogeneous subsurface. The seismic survey comprises two parallel SH‐profiles with maximum offsets of 24 m and covers a frequency range from 5 Hz to 80 Hz with high signal‐to‐noise ratio well suited for full waveform inversion. Using the Wiechert–Herglotz method, we determined a one‐dimensional gradient velocity model as a starting model for full waveform inversion. The two‐dimensional waveform inversion approach uses the global correlation norm as objective function in combination with a sequential inversion of low‐pass filtered field data. This mitigates the non‐linearity of the multi‐parameter inverse problem. Test computations show that the influence of visco‐elastic effects on the waveform inversion result is rather small. Further tests using a mono‐parameter shear modulus inversion reveal that the inversion of the density model has no significant impact on the final data fit. The final full waveform inversion S‐wave velocity and density models show a prominent low‐velocity weathering layer. Below this layer, the subsurface is highly heterogeneous. Minimum anomaly sizes correspond to approximately half of the dominant Love‐wavelength. The results demonstrate the ability of two‐dimensional SH waveform inversion to image shallow small‐scale soil structure. However, they do not show any evidence of foundation walls.