3301 N Ozanam Avenue , Chicago, Illinois

Property for Sale in Chicago

3301 N Ozanam Avenue , Chicago, IL

  • CA$567,765
  • 5 BEDS
  • 0.12 ac Land
  • CA$567,765

Property for Sale in Chicago

3301 N Ozanam Avenue , Chicago, IL

  • CA$567,765
  • 5 BEDS
  • 0.12 ac Land
  • CA$567,765

Key Facts

  • MLS® #: 12645662
  • Property ID: SIRC3337138
  • Original Price: USD 450,000
  • Property Type: Residential, Other
  • Lot Size¹: 0.12 ac
  • Year Built: 1921
  • Bedrooms: 5

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.

Amenities

  • Basement - Finished
  • Hardwood Floors
  • Patio

Listing Agents

  • David Mahoney

    C. 3124374310

    O. 3127510300

  • Bronson Engel

    C. 2244201776

    O. 2244201776

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Location

3301 N Ozanam Avenue , Chicago, Illinois, 60634 United States

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Marketed By

Jameson Sotheby's International Realty
425 W North Avenue
Chicago, Illinois, 60610
United States

3127510300

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¹Square footage refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
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