3301 N Ozanam Avenue
Chicago, IL, 60634
$450,000
5 Beds
3 Baths
0 SqFt
0.12 Acres
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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

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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 Oct 08, 2026
1,353
Multi Family Listed
76
Avg DOM
$531,442
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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