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Listing provided courtesy of Homesmart Realty GroupMREDas Distributed by MLSGrid- MLS# 12671601MLS Provider

2918 S Wells StreetChicago, IL 60616

Multi-Family · 8 Beds · 0.25 Acres
$735,000 Active

2918 S Wells Street Overview

Time on Site:
19 days
Visits:
0

Exceptional investment opportunity in Chicago's sought-after Armour Square neighborhood. This solid brick 4-unit building features four residential units spread across two stories, offering a total of 8 bedrooms and 4 full bathrooms. With strong income-producing potential in an area known for consistent rental demand, this property is an excellent addition to any investment portfolio. Select units feature high ceilings and hardwood flooring, adding character and appeal for tenants. The location is a major advantage, placing residents within easy reach of some of Bridgeport's most popular destinations, including Maria's Packaged Goods & Community Bar, Bridgeport Coffeehouse, Antique Taco, and Bridgeport Art Center. Public transportation, nearby expressways, and close proximity to Chinatown and Rate Field provide added convenience and broad tenant appeal. Combining a desirable location, classic brick construction, and strong rental potential, this Armour Square multifamily property presents an outstanding opportunity for investors looking to grow their portfolio in one of Chicago's most established and accessible neighborhoods. Schedule your showing today.

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2918 S Wells Street Facts & Features

  • Type Multi-Family
  • Lot 0.25 Acres

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1888

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Armour Square
  • Township: South Chicago

Community/Development

  • Community Features: Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $9,010.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 17284260250000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: LNC

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 4

General Information

  • Basement: Unfinished, Concrete, Storage Space, Full
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas, Forced Air
  • Other Equipment: Ceiling Fan(s), Water Heater-Gas
  • Rooms Total: 12

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Garage
  • Parking Total: 2

Lot Information

  • Lot Size Acres: 0.25
  • Lot Size Dimensions: 25x125
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Flat

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

2918 S Wells Street Neighborhood

Community

60616 (CHICAGO) Demographics

38
Median Age
11,385
Population Density (per sq. mile)
53%
College Educated
$61,843
Estimated Median Income
9,233
Estimated Total Home Owners
15,237
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2918 S Wells Street Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2918 S Wells Street Market Data

Based on the last 30 days in this zip code

$424,602
Average List Price
$328
Average Price per Square Foot
41
Properties Sold
58
Average Days on Market
142
Properties for Sale
Calculations provided by Reliance Network

2918 S Wells Street History

Date Event Value Agent
6/15/2026Source: MRED Status Change
Active
6/10/2026Source: MRED Added to Database
June 10, 2026