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$398,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 4 days ago
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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.

Full Property Details for 2631 S Shields Ave

General

  • Price: $398,000
  • Taxes: $8,228 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12541334
  • Updated: 1/12/2026
  • Added to Site: 10 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Parking

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

Location

  • Area: CHI - Armour Square
  • County: Cook
  • Township: South Chicago
  • Driving Directions: 26th Street to Shields, south to property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Frame
  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 24 x 100

Financial Considerations

  • Tax Amount: $8,228.64
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 17284010190000

Listed by Mango Realty Group

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Listing agent

— 2631 S Shields Ave —

  • Mango Realty Group

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2631 S Shields Ave

School District:Chicago Public School District 299
NameGradesDistance
Ward J Elementary School
2701 South Shields Avenue, Chicago, IL 60616
K-80.1 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-111.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2631 S Shields Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Listed
$398,000
38.19%
MLS
11/18/2015
Sold
$288,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2631 S Shields Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,229
3%
$39,000
—
2022
$8,022
2%
$39,000
—
2021
$7,843
34%
$39,000
49%
2020
$5,833
-4%
$26,184
-13%
2019
$6,047
6%
$30,097
5%
2018
$5,689
-7%
$28,800
1%
2017
$6,123
7%
$28,444
—
2016
$5,697
9%
$28,444
—
2015
$5,212
14%
$28,444
5%
2014
$4,560
2%
$27,144
—
2013
$4,459
20%
$27,144
—
2012
$3,711
—
$27,144
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Mango Realty Group

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2631 S Shields Avenue, Chicago, IL 60616 (MLS# 12541334) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 2631 S Shields Avenue is currently listed for $398,000 and was received on January 06, 2026. Want to learn more about 2631 S Shields Avenue? Do you have questions about finding other Multi-Family real estate for sale in Armour Square? You can browse all Armour Square real estate or contact a Coldwell Banker agent to request more information.

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