3301 N Ozanam Avenue, Chicago, IL 60634

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Connections
3301 N Ozanam Avenue,Chicago, IL 60634
$500,000
  • 5 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: david mahoney
Office: jameson sotheby's intl realty
MLS#:12577423
Source:MLSNI

Price summary

  • Price:$500,000

About this home

Excellent investment opportunity in a desirable Northwest Chicago neighborhood. This fully leased, well-maintained building generates $3,500 per month in gross rental income ($42,000 annually), with an estimated net operating income of $26,613.52 and a current cap rate of approximately 5.32%. With only a modest 10% increase in rents, the cap rate would exceed 6%, presenting strong upside potential. Additional income is generated from the basement coin laundry (one washer and one dryer), producing approximately $400-$500 annually. Recent improvements include a new roof (2019), new front porch (2019), garden unit remodeled (2018), and Unit 1 remodeled (2020). The property features hardwood floors in the first and second floor units, separate furnaces, and separate electric meters. Units #1 and #2 have tenants paying all utilities, while utilities are included in the rent for the garden unit. The building is fully rented with well-screened, reliable tenants, and units are clean and well...

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Home facts

  • Year built:1921
  • Listing ID #:12577423
  • Updated:April 23, 2026 at 10:48 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:11
  • Basement:Yes
  • Basement Description:Finished, Full

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1921
  • Lot area:0.12 Acres

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$500,000
  • Tax amount:$9,044 (2024)
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