2631 S Shields Ave Chicago, IL 60616
Armour Square NeighborhoodEstimated payment $2,746/month
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $8,229
Parking
- 2 Parking Spaces
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 24x100
Community Details
- 4 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,229 | $45,000 | $16,176 | $28,824 |
| 2024 | $8,229 | $45,000 | $16,176 | $28,824 |
| 2023 | $8,022 | $39,000 | $13,059 | $25,941 |
| 2022 | $8,022 | $39,000 | $13,059 | $25,941 |
| 2021 | $7,843 | $39,000 | $13,059 | $25,941 |
| 2020 | $5,833 | $26,184 | $13,059 | $13,125 |
| 2019 | $6,047 | $30,097 | $13,059 | $17,038 |
| 2018 | $5,689 | $28,800 | $13,059 | $15,741 |
| 2017 | $6,123 | $28,444 | $10,388 | $18,056 |
| 2016 | $5,697 | $28,444 | $10,388 | $18,056 |
| 2015 | $5,212 | $28,444 | $10,388 | $18,056 |
| 2014 | $4,560 | $27,144 | $8,904 | $18,240 |
| 2013 | $4,459 | $27,144 | $8,904 | $18,240 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/06/2026 01/06/26 | For Sale | $398,000 | +38.2% | -- | |
| 11/18/2015 11/18/15 | Sold | $288,000 | -3.7% | -- | View Prior Sale |
| 10/09/2015 10/09/15 | Pending | -- | -- | -- | |
| 10/02/2015 10/02/15 | For Sale | $299,000 | 0.0% | -- | |
| 09/28/2015 09/28/15 | Pending | -- | -- | -- | |
| 09/24/2015 09/24/15 | For Sale | $299,000 | +19.6% | -- | |
| 07/18/2014 07/18/14 | Sold | $250,000 | -16.4% | -- | View Prior Sale |
| 05/27/2014 05/27/14 | Pending | -- | -- | -- | |
| 03/28/2014 03/28/14 | For Sale | $299,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12541334
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