Fully Rented 4-Unit
For Sale
$398,000
2631 S Shields Ave, Chicago, IL 60616
Separately metered apartments with tenant-paid utilities and two rear parking spaces.
Property SizeContact for details
Days on Market243
Property Features for 2631 S Shields Ave
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Mango Realty Group
(773) 886-0660
Listed By:
Michael Ng · License #481014004
Source:
Illianahomesource
Added: Jan 1
Changed: Aug 31
Last Checked: Aug 31 at 5:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mango Realty Group
Investment Insights
Based on property information with market context.
This four-unit quadplex at 2631 S Shields Ave is fully leased and configured with separate utility metering for each apartment. Residents are responsible for their own utilities, while a fenced backyard provides two parking spaces.
The property is positioned near Chinatown and James Ward Elementary School, with access to major expressways and public transportation. Its four-unit configuration and existing occupancy provide a straightforward multifamily asset for review.
The property is positioned near Chinatown and James Ward Elementary School, with access to major expressways and public transportation. Its four-unit configuration and existing occupancy provide a straightforward multifamily asset for review.
Key Highlights
- Fully rented 4‑unit building
- Separate utility meters for all units; tenants pay their own utilities
- Fenced backyard with 2 parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,959
Businesses Nearby
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Separately metered apartments with tenant-paid utilities and two rear parking spaces.
Where is this quadplex located?
The property is located at 2631 S Shields Ave Chicago, IL.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Fully rented 4‑unit building; Separate utility meters for all units; tenants pay their own utilities; Fenced backyard with 2 parking spaces
