I've thought about it before, shadowrun is probably a bad system to use. Without the Metahumans, Cyberware, Future Tech, Hacking focus, you're left with a really clunky magic system. Your best best is probably nWoD with some suplements that don't make fullblown mages, like Second Sight. The Playtest for Pathfinder Occult Adventures is out there, that seems to be in the same genre but a different setting than 21st Century London.