$398,000 $2,137 est/mo Sourced by Back At You
2631 S Shields Avenue,Chicago, IL 60616
Chicago, IL 60616
Description
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.
Details
| MLS # | 12541334 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 307 |
| Listing Provided By | Mango Realty Group | Man Ching Ng |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
Interior
| Rooms Total | 16 |
|---|---|
| Heating | Gas |
Exterior
| Construction Materials | Frame |
|---|
Parking
| Parking Features | Yes, Owned |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 8228.64 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60616 |
| Area | CHI Armour Square |
| Listing VS Median (in 60616) | |
Price: $398,000 low | high Med: $292,500 On site: 307 low | high Med: 134 | |
Market Activity 60616
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60616 |
| Area | CHI Armour Square |
| Listing VS Median (in 60616) | |
Price: $398,000 low | high Med: $292,500 On site: 307 low | high Med: 134 | |
Nearby Listings (Within 1/4 mile)
Price: $298K - $497K
sqft: 0 - 0
Listing Updated: October 26, 2026 at 9:32:46 AM PDT