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Two to Four Units · Chicago, IL
$398,000
8 beds · 4 baths
2631 S Shields Avenue, Chicago, IL, 60616
A brick-and-mortar place to make your own — room to make it home.
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What’s special

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.
— the listing agent’s description

The home

8 beds
4 baths
Lot 24X100
Two to Four Units

What it’ll cost

$8,229 taxes / yr
No HOA
142 days on dwello

Estimated monthly payment

$2,918/mo
Principal & interest$2,116
Property taxes$686
Homeowners insurance$116
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On our team, vettedYour info is never soldWith you through closing

Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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142 days on dwello
Price history
Listed for sale
Jan 6, 2026
$398,000
Property taxes
2025
Annual tax bill (MLS)
$8,229/yr
Assessed value
2025
County assessor
$45,000~$450,000 mkt
2024
$45,000~$450,000 mkt
2023
$39,000~$390,000 mkt
2022
$39,000~$390,000 mkt
2021
$39,000~$390,000 mkt
2020
$26,184~$261,840 mkt
2019
$30,097~$300,970 mkt
2018
$28,800~$288,000 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasFramePublic SewerYesOwned
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Man Ching Ng · Mango Realty Group
Listing last updated May 27, 2026 · data refreshed from the MLS Jun 17, 2026, 6:21 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:21 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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