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Listing provided courtesy of Mango Realty GroupMREDas Distributed by MLSGrid- MLS# 12541334MLS Provider

2631 S Shields AvenueChicago, IL 60616

Multi-Family · 8 Beds
$398,000 Active

2631 S Shields Avenue Overview

Time on Site:
175 days
Visits:
1

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.

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2631 S Shields Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Armour Square
  • Township: South Chicago

Tax Information

  • Tax Annual Amount: $8,228.64
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 17284010190000
  • Property Type: Residential Income
  • Special Listing Conditions: List Broker Must Accompany

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 4

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas
  • Rooms Total: 16

Exterior

Parking Information

  • Parking Features: Yes, Owned
  • Parking Total: 2

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 24X100
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 670
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 640
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 700
  • Beds Total: 2
  • Baths Total: 1

2631 S Shields Avenue Neighborhood

Community

60616 (Chicago) Demographics

38
Median Age
11,385
Population Density (per sq. mile)
53%
College Educated
$61,843
Estimated Median Income
9,233
Estimated Total Home Owners
15,237
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2631 S Shields Avenue Monthly Cost

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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2631 S Shields Avenue Market Data

Based on the last 30 days in this zip code

$424,602
Average List Price
$328
Average Price per Square Foot
41
Properties Sold
58
Average Days on Market
142
Properties for Sale
Calculations provided by Reliance Network

2631 S Shields Avenue History

Date Event Value Agent
1/11/2026Source: MRED Status Change
Active
1/6/2026Source: MRED Added to Database
January 06, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022