3301 N Ozanam Avenue
Chicago, IL, 60634
$450,000
5 Beds
3 Baths
0 SqFt
0.12 Acres
Add
MLS #MRD12645662 image #0
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
Chi – DunningChidunning

Ask a Question

See this Listing

Send
  

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

Net Operating Income
$26,614
Tax Year
2024
Taxes
$9,044

Map

Community

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

Similar Listings Nearby

broker reciprocity
MLS# MRD12504937broker reciprocity
5942 S Calumet Avenue
Chicago, IL

$585,000

3.9 miles away

broker reciprocity
MLS# MRD12589653broker reciprocity
2618 N 73rd Avenue
Elmwood Park, IL

$585,000

1.0 miles away

broker reciprocity
MLS# MRD12606846broker reciprocity
427 MARENGO Avenue
Forest Park, IL

$575,000

4.3 miles away

broker reciprocity
MLS# MRD12628870broker reciprocity
1821 N Tripp Avenue
Chicago, IL

$575,000

4.9 miles away

broker reciprocity
MLS# MRD12661734broker reciprocity
2412 N Lockwood Avenue
Chicago, IL

$574,999

3.4 miles away

broker reciprocity
MLS# MRD12598236broker reciprocity
840 DUNLOP Avenue
Forest Park, IL

$570,000

4.8 miles away

broker reciprocity
MLS# MRD12649048broker reciprocity
4133 W Melrose Street
Chicago, IL

$569,000

4.6 miles away

broker reciprocity
MLS# MRD12605848broker reciprocity
4462 W Wilson Avenue
Chicago, IL

$559,000

4.5 miles away

broker reciprocity
MLS# MRD12628032broker reciprocity
5028 W Lawrence Avenue
Chicago, IL

$557,000

4.0 miles away

broker reciprocity
MLS# MRD12657617broker reciprocity
3034 Houston Street
Franklin Park, IL

$550,000

3.4 miles away

3301 N Ozanam Avenue
Chicago, IL