Northwest Chicago Investment
3301 N Ozanam Avenue, Chicago, IL 60634
New
- Added:
- May 13, 2026
- Days on Market:
- 5
- Last Refresh:
- May 17 at 6:06 pm
Property Features for 3301 N Ozanam Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Basement, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
- Patio and Porch features
- Patio
- Fencing
- Fenced
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Active
- APN
- 12243200170000
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9044
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1921
- Building materials
- Aluminum Siding, Frame
- Roof type
- Asphalt
Listing agent David Mahoney (312) 335-3291
Listing office Jameson Sotheby's Intl Realty 425 W. North Ave. suite 1, Chicago, IL (312) 751-0300
Listing date May 13, 2026
MLS# 12645662
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Income Potential: Generates $3,500/month ($42,000 annually) with a current cap rate of 5.91% and potential to exceed 6.5% with modest rent increases.
- Fully Leased with Reliable Tenants: Property is 100% occupied with well‑screened tenants, ensuring consistent income stream.
- Recent Renovations: Includes a new roof and front porch (2019), and remodeled garden unit (2018) and Unit 1 (2020).
- Separate Utilities: Features separate furnaces and electric meters for Units #1 and #2, with tenants paying all utilities in those units.
- Supplemental Income: Coin laundry in the basement provides additional income of approximately $400-$500 annually.
- Desirable Amenities: Includes a large fenced yard with a concrete patio, outdoor storage sheds, and easy street parking.
Overview
This fully leased, well-maintained building in a desirable Northwest Chicago neighborhood presents an excellent investment opportunity. The property generates $3,500 per month in gross rental income, totaling $42,000 annually, with an estimated net operating income of $26,613.52 and a current cap rate of approximately 5.91%. A modest 10% increase in rents could raise the cap rate above 6.5%, indicating strong upside potential. Additional income is derived from the basement coin laundry, equipped with one washer and one dryer, producing approximately $400-$500 annually. Recent improvements include a new roof and front porch, both installed in 2019, a remodeled garden unit in 2018, and Unit 1 remodeled in 2020. The property features hardwood floors in the first and second floor units, separate furnaces, and separate electric meters. Tenants in Units #1 and #2 are responsible for all utilities, while utilities are included in the rent for the garden unit. The building is fully rented with well-screened, reliable tenants, and the units are clean and well-maintained. Additional features include easy street parking, outdoor storage sheds, a large fenced yard with a concrete patio, and coin laundry in the basement for supplemental income. The lot size is 0.12 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.821126
- Latitude
- 41.939677
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully leased multi-family property with income potential in Chicago.
Where is this triplex located?
The property is located at 3301 N Ozanam Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High Income Potential: Generates $3,500/month ($42,000 annually) with a current cap rate of 5.91% and potential to exceed 6.5% with modest rent increases.; Fully Leased with Reliable Tenants: Property is 100% occupied with well‑screened tenants, ensuring consistent income stream.; Recent Renovations: Includes a new roof and front porch (2019), and remodeled garden unit (2018) and Unit 1 (2020).
