Exceptional investment opportunity in Chicago's sought-after Armour Square neighborhood. This solid brick 4-unit building features four residential units spread across two stories, offering a total of 8 bedrooms and 4 full bathrooms. With strong income-producing potential in an area known for consistent rental demand, this property is an excellent addition to any investment portfolio. Select units feature high ceilings and hardwood flooring, adding character and appeal for tenants. The location is a major advantage, placing residents within easy reach of some of Bridgeport's most popular destinations, including Maria's Packaged Goods & Community Bar, Bridgeport Coffeehouse, Antique Taco, and Bridgeport Art Center. Public transportation, nearby expressways, and close proximity to Chinatown and Rate Field provide added convenience and broad tenant appeal. Combining a desirable location, classic brick construction, and strong rental potential, this Armour Square multifamily property presents an outstanding opportunity for investors looking to grow their portfolio in one of Chicago's most established and accessible neighborhoods. Schedule your showing today.
Active
Price cut: $20K (7/2)
$715,000
2918 S Wells St, Chicago, IL 60616
8beds
--sqft
Multi Family
Built in 1888
-- sqft lot
$690,000 Zestimate®
$--/sqft
$-- HOA
What's special
- 27 days |
- 810 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Gregory Gromek 708-625-1553,
Homesmart Realty Group,
Alexandra Gromek 708-692-7168,
Homesmart Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 12671601
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished,Concrete,Storage Space,Full
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
Features
- Fencing: Chain Link
Lot
- Size: 0.25 Acres
- Dimensions: 25x125
Details
- Parcel number: 17284260250000
- Zoning: LNC
- Special conditions: None
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- New construction: No
- Year built: 1888
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $550,000
- Annual tax amount: $9,010
- Date on market: 6/10/2026
- Ownership: Fee Simple
Estimated market value
$690,000
$656,000 - $725,000
$1,912/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $715,000-2.7% |
Source: MRED as distributed by MLS GRID #12671601 Report a problem | ||
| 6/10/2026 | Listed for sale | $735,000+425% |
Source:  MRED as distributed by MLS GRID #12671601 Report a problem | ||
| 7/29/1997 | Sold | $140,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $55,000 +19.5% |
| 2023 | $9,010 +2.8% | $46,021 |
| 2022 | $8,762 -5.3% | $46,021 -6.7% |
| 2021 | $9,252 +45.1% | $49,338 +55.5% |
| 2020 | $6,376 -11.1% | $31,725 -18.9% |
| 2019 | $7,172 -2.3% | $39,126 -3.6% |
| 2018 | $7,338 +17.2% | $40,585 +25% |
| 2017 | $6,263 +4.3% | $32,471 |
| 2016 | $6,003 +9.8% | $32,471 |
| 2015 | $5,470 +8.2% | $32,471 +8.9% |
| 2014 | $5,057 -6.8% | $29,823 |
| 2013 | $5,424 +1.4% | $29,823 |
| 2012 | $5,352 -11.4% | $29,823 -20% |
| 2011 | $6,041 +14.5% | $37,280 |
| 2010 | $5,277 +8% | $37,280 |
| 2009 | $4,888 +73.8% | $37,280 -7% |
| 2008 | $2,812 -36% | $40,068 |
| 2007 | $4,392 +21% | $40,068 |
| 2006 | $3,631 +27.4% | $40,068 +74.5% |
| 2005 | $2,851 +1.9% | $22,965 |
| 2004 | $2,798 +4.5% | $22,965 |
| 2003 | $2,678 -5.4% | $22,965 +30.6% |
| 2002 | $2,832 +5.1% | $17,583 |
| 2001 | $2,694 +9.6% | $17,583 |
| 2000 | $2,459 | $17,583 +18.8% |
| 1999 | -- | $14,799 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bridgeport
Nearby schools
GreatSchools rating
- 8/10Ward J Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 1.3 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Cook County
- Chicago
- 60616
- Bridgeport
- 2918 S Wells St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Chicago Topics
