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 5.91%. With only a modest 10% increase in rents, the cap rate would exceed 6.5%, 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-maintained. Additional highlights include easy street parking, outdoor storage sheds, a large fenced yard with a concrete patio, and coin laundry in the basement for supplemental income. Seller makes no representation regarding the legality of the third (garden) unit.
Property Details
Price:
$450,000
MLS #:
MRD12645662
Status:
Active Under Contract
Beds:
5
Baths:
3
Type:
Multi Family
Neighborhood:
chidunning
Listed Date:
May 13, 2026
Year Built:
1921
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Aluminum Siding, Frame
Fencing
Fenced
Other Structures
Shed(s)
Patio And Porch Features
Patio
Roof
Asphalt
Financial
Tax Year
2024
Taxes
$9,044
Map
Community
- Address3301 N Ozanam Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60634
Market Summary
Current real estate data for Multi Family in Chicago as of Jun 18, 2026
1,395
Multi Family Listed
79
Avg DOM
$530,354
Avg List Price
Property Summary
- 3301 N Ozanam Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60634. It is listed for $450,000
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Copyright 2026. All rights reserved.
3301 N Ozanam Avenue
Chicago, IL


