Contact us: 563.441.1776
Description
Investor-Ready 1 Bedroom Convertible at Ontario Place: Leased Through [2028] This is a turnkey investment in the heart of River North. Unit #1506 is a 1-bedroom, 1-bathroom convertible of about [765] sq ft. It's currently leased for two years, so you get steady rental income from day one without having to find a tenant. The flexible layout is a big part of the value. The convertible space can be closed off as a home office, a guest room or a second sleeping area. Renters want that kind of flexibility, which helps keep the unit in demand at lease renewal or resale. Large windows bring in natural light, and the kitchen and bathroom are [updated / well maintained]. Ontario Place is a full-service building that allows rentals, making it a proven choice for investors. Residents get 24-hour door staff and concierge, a pool, a fitness center, a sauna, a business center, a residents' lounge, a party room and a bike room. Pets are welcome, which widens the pool of renters. The location is steady rental demand on its own. You're steps from the Magnificent Mile, the Riverwalk, the Red Line, major employers and some of Chicago's best restaurants and shopping. Secure income, a flexible layout and a full-service building. Ask about lease terms and financials. Tenant-occupied: 24-hour notice required for all showings. Please respect the tenant's privacy and do not disturb them.
Property Highlights
Property Type: Residential - Condominium
Total Living Area SF: 765
Garage Size: 1
Attached Garage
Built in 1981
School District: District 299
General Information
Bedrooms: 1
Bathrooms: 1
Sqft: 765
County: Cook
Listed By:
Real Broker LLC
217-960-8605
MRED MLS
MLS ID: 12791136
Room Information
Dining Room: COMBO
Kitchen: 8X8
Living Room: 17X14
Primary Bedroom: 14X10
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10 E Ontario Street, Unit 1506, Chicago, IL 60611.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $230,000 | $230,000 | $230,000 |
| Down Payment | $46,000 | $8,050 | $57,500 |
| Monthly Mortgage Amount | $1,209 | $1,484 | $1,479 |
| Taxes | $320 | $320 | $320 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $101 | $0 |
| Monthly Estimated Total | $1,629 | $2,005 | $1,899 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/03/2026. The listing information on this page last changed on 11/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 11/03/2026 12:09:16 AM EST) or MRED MLS (last updated Tue 11/03/2026 12:02:06 AM EST) or SCWMLS (last updated Mon 11/02/2026 11:55:07 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 11/02/2026 10:15:24 PM EST) or Cedar Rapids MLS (last updated Mon 11/02/2026 10:44:30 PM EST) or NEIRBR MLS (last updated Tue 11/03/2026 12:08:44 AM EST) or ICAAR MLS (last updated Mon 11/02/2026 11:37:34 PM EST) or ECIMLS (last updated Mon 11/02/2026 11:44:36 PM EST) or RMLSA (last updated Tue 11/03/2026 12:01:00 AM EST) or Muscatine MLS (last updated Tue 11/03/2026 12:00:14 AM EST) or No Coast MLS (last updated Tue 11/03/2026 12:04:26 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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