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Home · Chicago, IL
$500,000
5 beds · 3 baths
3301 Ozanam Avenue, Chicago, IL, 60634
A brick-and-mortar place to make your own — room to make it home.
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What’s special

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.
— the listing agent’s description

The home

5 beds
3 baths
Built in 1921
0.12-acre lot

What it’ll cost

$9,044 taxes / yr
No HOA
48 days on dwello

Estimated monthly payment

$3,559/mo
Principal & interest$2,659
Property taxes$754
Homeowners insurance$146
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Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
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48 days on dwello
Price history
Listed for sale
Mar 4, 2026
$500,000
Earlier records
Listed
May 13, 2026
$450,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$9,044/yr
Assessed value
2025
County assessor
$45,001~$450,010 mkt
2024
$45,001~$450,010 mkt
2023
$24,000~$240,000 mkt
2022
$24,000~$240,000 mkt
2021
$24,000~$240,000 mkt
2020
$26,975~$269,750 mkt
2019
$31,006~$310,060 mkt
2018
$31,006~$310,060 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasForced AirAluminum SidingFramePublic Sewer

Schools nearby

Saint Celestine School · 0.3 mi
Dever Elementary School · 0.4 mi
Saint Francis Borgia School · 0.5 mi
John Mills Elementary School · 0.6 mi
Benson Art Beat · 0.7 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by David Mahoney · Jameson Sotheby's Intl Realty
Listing last updated Apr 20, 2026 · data refreshed from the MLS Apr 22, 2026, 10:32 PM CT
Based on information submitted to the MLS GRID as of Apr 22, 2026, 10:32 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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