3301 Ozanam Avenue, Dunning, Chicago, Illinois 60634
$450,000
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For Sale
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| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1921 |
| Property Taxes: | $9,044 |
| Days On Market: | 38 |
| Lot Size: | 0,12 |
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 Specifics
| Multi-unit | |
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| 1921 | |
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| No | |
| 0.12 |
| Cook | |
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| — / — | |
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| — | |
| 12645662 | |
| 12243200170000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 19 Oct, 2021 | Sold | $270,000 | MRED MLS |
| 2 Sep, 2021 | Under contract | $260,000 | MRED MLS |
| — | Last price change | $279,900 | MRED MLS |
| 10 Jul, 2021 | Listed for sale | $279,900 | MRED MLS |
| 10 Jun, 2026 | Under contract | $450,000 | MRED MLS |
| 13 May, 2026 | Listed for sale | $450,000 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 5391 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2021 | $6,233 |
| 2026 | $9,044 |
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Listing Provided By
Jameson Sotheby's Intl Realty
