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10 E Ontario Street, Unit 1506 Chicago, IL 60611

$230,000
New / MLS# 12791136 / Residential - Condominium / Chicago
1 Beds
1 Bath
765 SqFt

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.

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Estimated Payment

$ 963.23 per month $591.82 Principal & Interest $304.33 Property Tax $67.08 Homeowner's Insurance
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Property Details

Property Type: Residential - Condominium
Basement: None
Cooling: Central Air
Garage: 1
Heating: Electric
Lot Size: COMMON
Stories: 51.0
Taxes: $3,652
Year Built: 1981

Feature Descriptions

Additional rooms: No additional rooms
Appliances: Range, Microwave, Dishwasher, Refrigerator
Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Exercise Room, Party Room, Sundeck, Pool, Sauna, Steam Room, Spa/Hot Tub, Elevator(s)
Association Includes: None
Dining Room: Combined w/ LivRm
Exterior: Glass, Concrete
Lot Dimensions: COMMON
Parcel#: 17101110141378
Parking: Garage Door Opener, Yes, Garage Owned, Attached, Garage
Pet Allowed: Cats OK, Dogs OK, Size Limit
Sewer: Public Sewer
Total Rooms: 4
Township: North Chicago
Water: Lake Michigan

Room Information

Dining Room: COMBO
Kitchen: 8X8
Living Room: 17X14
Primary Bedroom: 14X10

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Real Broker LLC

Listing Office Phone: 217-960-8605



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