3301 Ozanam Avenue
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.
- Club Belmont 850 ft
- Old 41 Saloon 0.4 mi
- Domino's 0.7 mi
- Taco Burrito King 0.7 mi
- BarTucci 0.7 mi
- White Castle 0.7 mi
- Rich's Fresh Market 0.7 mi
- Citgo 0.7 mi
- BP Shop 0.8 mi
- Impact Fuel 0.9 mi
- AP 0.9 mi
- BP Shop 0.9 mi
- Hiawatha Park 0.4 mi
- Mills Park 0.6 mi
- Triangle Park 0.7 mi
- Bambi Park 0.8 mi
- McDonald's PlayPlace 0.8 mi
- Shabbona Park 1.1 mi
- La Capannina Coffee 0.4 mi
- Dunkin' 0.6 mi
- Dunkin' 0.8 mi
- Starbucks 0.9 mi
- I Due Mondi 1.0 mi
- Ashley's Cafe & Tap 1.1 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12577423