For Sale, USD 500,000
3301 N Ozanam Avenue, Chicago, il, 60634, Chicago, Illinois, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : N/A
Land Size : 5,227 ft² / 486 m² Convert Land Size
Bedroom : 5
Bathroom : 3
Half Bathroom : 0
MLS#: 12577423
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 5.32%. 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.
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Fully Leased, Well-Maintained Building , United States,Illinois,Chicago is a Chicago luxury Multi-Family Home listed for sale USD 500,000. This high end Chicago Multi-Family Home is comprised of 5 bedrooms and 3 baths. Find more luxury properties in Chicago or search for luxury properties for sale in Chicago.