2631 S Shields Ave Chicago, IL 60616
Armour Square NeighborhoodEstimated payment $2,892/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
Home Design
- Frame Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2026 01/06/26 | For Sale | $398,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $288,000 | Chicago Title Insurance Co | |
| Warranty Deed | $288,000 | Chicago Title Insurance Co | |
| Warranty Deed | $250,000 | Cti | |
| Deed | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $160,000 | Commercial | |
| Previous Owner | $187,500 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12541334
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.