- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
Street View
$450,000
Monthly Est:$2,240
5 Beds
3 Baths
--sqft
3301 N Ozanam Ave, Chicago, IL 60634
$450,000
$2,240/moEst:
Get Pre-Approved
Multi Family
Built in 1921
$-- HOA
5,227.2 sqft lot
--/sqft
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.
- Houzeo last checked: 13 minutes ago
- Listing updated: August 27, 2026 at 3:01 pm
- Listing Provided by: David Mahoney , Bronson Engel DRE #475203414 | Jameson Sotheby's Intl Realty (312) 751-0300
- Source: MRED MLS-IL | MLS#: 12645662
Part of
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1921
HOA Fees
-
Finished Area
- sqft
Lot Size
5,227.2 sqft lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12645662
MLS Status
Contingent
Days on Market
149
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Sewer
Public Sewer
Heating
Natural Gas, Forced Air
Construction
Year Built
Year Built: 1921
Home type
Multi Family
Roof
Asphalt
Construction Materials
Aluminum Siding, Frame
Utilities & Energy
Water Source
Lake Michigan, Public
Basement
Finished, Full, Walk Out Access
Other Features
Patio And Porch Features
Patio
Price History
| Date | Event | Price |
|---|---|---|
08/27/2026 Source: | Contingent (Active Under Contract) | $450,000 $0/sqft |
08/11/2026 Source: | Listed for Sale | $450,000 -10.00% $0/sqft |
04/23/2026 Source: | Listing Removed | $500,000 $0/sqft |
03/17/2026 Source: | Listed for Sale | $500,000 $0/sqft |
03/16/2026 Source: | Contingent (Active Under Contract) | $500,000 +85.19% $0/sqft |
Show more
Dunning Ranks #96 in Chicago, IL
Homes
Rental Prices
Median Home Price
Nearby Homes
Find Homes by Property Features in Chicago, IL
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 10, 2026, 09:15PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market. Based on information submitted to the MLS GRID as of Oct 10, 2026, 09:15PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS, Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
Advertising Broker: Jorge Romero | Realty One Group Inc.