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3301 N Ozanam Avenue, 
Chicago, IL 60634

$450,000


5

Beds


3

Baths


-

Sq Ft


Multi-Family

Active

Listed by

David Mahoney

Bronson Engel

Jameson Sotheby'S Intl Realty

Jameson Sotheby'S International Realty

Last updated:

May 18, 2026, 10:51 AM

MLS#

12645662

Source:

MLSNI

About This Home

3301 N Ozanam Avenue

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.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1921

Price Summary

450,000

MLS #:

12645662

Last Updated:

May 18, 2026, 10:51 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Year Built:

1921


Lot

Lot Size (Sq. Ft):

5,227


Finances & Disclosures

Finances

Price:

$450,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.