BEDS5
BATHS3 full
MLS#12645662
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 299
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full, Walk-Out Access
Basement: Yes
Heating: Natural Gas, Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt
Taxes: $9,044
Year Built: 1921
Feature Descriptions
Additional Structures: Shed(s)
Exterior: Aluminum Siding, Frame
Lot Dimensions: 5391
Parcel#: 12243200170000
Sewer: Public Sewer
Total Rooms: 11
Township: North Chicago
Water: Lake Michigan, Public
Local Schools
School District: District 299
Listed By / Shown By
Listed By
Agency Name: Jameson Sotheby's Intl Realty
Agency Phone: 312-751-0300
Shown By
Agent Name: Penny Edwards
Agent Phone: (815) 703-0586
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 2,928.96 per month $2,044.04 Principal & Interest $753.67 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
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3301 N Ozanam Avenue | MLS# 12645662
This multi-family property located at 3301 N Ozanam Avenue , Chicago, IL 60634 is currently listed for sale with an asking price of $450,000. N Ozanam Avenue is located within the District 299 school district. Search Chicago real estate on pedwards.gogambino.com today.