3301 N Ozanam Avenue, Chicago, IL 60634

• 5 beds |
• 3 baths

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:18AM

Listing Office:

Jameson Sotheby's Intl Realty : 312-437-4310

Listing Agent:

David Mahoney : 312-437-4310

MLS ID:

12645662

Interior

• Basement: FinishedFullWalk-Out Access
• Heating: Natural GasForced Air

Exterior

• Other Structures: Shed(s)
• Parking: Parking spaces: 0

Construction

• Roofing: Asphalt

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 12243200170000
• Fencing: Fenced

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple