# 3301 N Ozanam Avenue, Chicago, IL 60634

> **TL;DR:** 5bd/3ba residential multi family, $500,000, built 1921. Est. $2,167/mo. Listed 37 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $500,000 |
| Bedrooms | 5 |
| Bathrooms | 3 full |
| Year Built | 1921 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 37 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,167 |
| **Total** | **$2,167** |

## Property Highlights

- Built in 1921
- 0.12 acre lot

## Description

### Agent 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 5.32%. With only a modest 10% increase in rents, the cap rate would exceed 6%, 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 concrete patio, and coin laundry in the basement for supplemental income. Seller makes no representation regarding the legality of the third (garden) unit.

## Location

- **Address:** 3301 N Ozanam Avenue, Chicago, IL 60634
- **County:** Cook
- **Coordinates:** 41.939677, -87.821126
- **Google Maps:** https://www.google.com/maps?q=41.939677,-87.821126

## Listing Agent

- **Name:** David Mahoney
- **Brokerage:** Jameson Sotheby's Intl Realty
- **Phone:** (312) 335-3291
- **Email:** dmahoney@jamesonsir.com

## Primary Photo

![3301 N Ozanam Avenue - Primary Photo](http://lh.rdcpix.com/5a5297f847cd6310aeda8fddd5b4eeeal-f3561611492r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/3301-n-ozanam-avenue-chicago-il-60634-12577423)*

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**MLS#:** 12577423 | **Updated:** 2026-04-25
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/3301-n-ozanam-avenue-chicago-il-60634-12577423)

---

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