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.
Active
$398,000
2631 S Shields Ave, Chicago, IL 60616
8beds
--sqft
Multi Family
Built in ----
-- sqft lot
$371,500 Zestimate®
$--/sqft
$-- HOA
What's special
Fenced backyardTwo parking spaces
- 286 days
- 687
- 38
Zillow last checked:
Listing updated:
Listed by:
Michael Ng 773-886-0660,
Mango Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 12541334
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
$371,500
$353,000 - $390,000
$1,764/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 | $9,041 +9.9% | $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
Payment breakdown
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Neighborhood: Bridgeport
Nearby schools
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