Active

$398,000

2631 S Shields Ave, Chicago, IL 60616

8beds

--sqft

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Multi Family

Built in ----

-- sqft lot

$379,600 Zestimate^®

$--/sqft

$-- HOA

What's special

Fenced backyardTwo parking spaces

Exceptional investment opportunity in the heart of Armour Square! Fully rented 4-unit building located just steps from Chinatown and one block from James Ward Elementary School. All units are separately metered with tenants paying their own utilities. Fenced backyard offers two parking spaces. Outstanding location with easy access to major expressways and public transportation. Current rents are below market-plenty of upside potential. Always easy to rent. Ideal for investors seeking stable income and long-term appreciation.

185 days

669

26

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Natural Gas

Features

Basement: Unfinished,Full

Property

Parking

Total spaces: 2
Parking features: Yes, Owned

Lot

Size: 2,400 Square Feet
Dimensions: 24X100

Details

Parcel number: 17284010190000
Special conditions: List Broker Must Accompany

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame

Condition

New construction: No

Utilities & green energy

Sewer: Public Sewer
Water: Lake Michigan

Community & HOA

Location

Region: Chicago

Financial & listing details

Tax assessed value: $450,000
Annual tax amount: $8,228
Date on market: 1/6/2026
Ownership: Fee Simple

Estimated market value

$379,600

$361,000 - $399,000

$2,131/mo

Price history

Date	Event	Price
1/6/2026	Listed for sale	$398,000
Source: MRED as distributed by MLS GRID #12541334 Report a problem
1/6/2026	Listing removed	$398,000
Source: MRED as distributed by MLS GRID #12500969 Report a problem
12/10/2025	Contingent	$398,000
Source: MRED as distributed by MLS GRID #12500969 Report a problem
10/21/2025	Listed for sale	$398,000-11.3%
Source: MRED as distributed by MLS GRID #12500969 Report a problem
10/16/2025	Listing removed	$448,800
Source: MRED as distributed by MLS GRID #12371730 Report a problem
9/21/2025	Contingent	$448,800
Source: MRED as distributed by MLS GRID #12371730 Report a problem
5/21/2025	Listed for sale	$448,800+55.8%
Source: MRED as distributed by MLS GRID #12371730 Report a problem
11/18/2015	Sold	$288,000-3.7%
Source: MRED as distributed by MLS GRID #09047775 Report a problem
10/2/2015	Listed for sale	$299,000
Source: Goodland Realty Inc. #09047775 Report a problem
9/29/2015	Pending sale	$299,000
Source: Goodland Realty Inc. #09047775 Report a problem
9/25/2015	Listed for sale	$299,000+19.6%
Source: Goodland Realty Inc. #09047775 Report a problem
7/18/2014	Sold	$250,000
Source: MRED as distributed by MLS GRID #08570190 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	--	$45,000 +15.4%
2023	$8,229 +2.6%	$39,000
2022	$8,022 +2.3%	$39,000
2021	$7,843 +34.5%	$39,000 +48.9%
2020	$5,833 -3.5%	$26,184 -13%
2019	$6,047 +6.3%	$30,097 +4.5%
2018	$5,689 -7.1%	$28,800 +1.3%
2017	$6,123 +7.5%	$28,444
2016	$5,697 +9.3%	$28,444
2015	$5,212 +14.3%	$28,444 +4.8%
2014	$4,560 +2.3%	$27,144
2013	$4,459 +20.1%	$27,144
2012	$3,711 +25.5%	$27,144 -18.7%
2011	$2,958 +18.4%	$33,373
2010	$2,499 -41.6%	$33,373
2009	$4,279 +100.7%	$33,373 +0.2%
2008	$2,132 -37.8%	$33,292
2007	$3,430 +29%	$33,292
2006	$2,658 +23%	$33,292 +76%
2005	$2,161 +1.9%	$18,915
2004	$2,121 +4.5%	$18,915
2003	$2,030 -5.4%	$18,915 +37.4%
2002	$2,147 +5.5%	$13,770
2001	$2,034 +8.6%	$13,770
2000	$1,873 0%	$13,770 +17.2%
1999	$1,873	$11,749

Find assessor info on the county website

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Bridgeport

Getting around

89 / 100

Very Walkable

71 / 100

Excellent Transit

89 / 100

Very Bikeable

Nearby schools

GreatSchools rating

8/10
Ward J Elementary School
Grades: PK-8Distance: 0.1 mi
1/10
Phillips Academy High School
Grades: 9-12Distance: 1.6 mi

Schools provided by the listing agent

District: 299

Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.