$398,000
2631 S Shields Avenue
Chicago, IL, 60616
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.
Property Details
Price:
$398,000
MLS #:
MRD12541334
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chiarmoursquare
Listed Date:
Jan 6, 2026
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Frame
Parking Features
Yes, Owned
Parking Spots
2
Parking Total
2
Financial
Tax Year
2023
Taxes
$8,229
Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.
More About DebraMortgage Calculator
Map
Current real estate data for Multi Family in Chicago as of Oct 12, 2026
1,350
Multi Family Listed
75
Avg DOM
$528,117
Avg List Price
Community
- Address2631 S Shields Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60616
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Property Summary
- 2631 S Shields Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60616. It is listed for $398,000 To schedule a showing of MLS#mrd12541334 at 2631 S Shields Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
Copyright 2026. All rights reserved.
2631 S Shields Avenue
Chicago, IL
