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Michael Kang

michael@spacematchinc.com +1(773) 344-0738

Listed by Tarik Hageof Real Broker LLC

Est. payment | -/mo

1 Bed

1 Bath

765 SqFt

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Est. payment | -/mo

Save

1 Bed

1 Bath

765 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 765 sqft

MLS Listing ID 12791136

Bedrooms 1

Full Baths 1

Year Built 1981

Annual Tax Amount $3,652

Tax Year 2025

Lot Dimensions COMMON

Property Sub-Type Condo

Property 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.

Location

State IL

County Cook

Rooms

Basement None

Interior

Heating Electric

Cooling Central Air

Fireplace N

Appliance Range, Microwave, Dishwasher, Refrigerator

Exterior

Garage Spaces 1.0

Community Features Bike Room/Bike Trails, Door Person, Coin Laundry, Exercise Room, Party Room, Sundeck, Pool, Sauna, Steam Room, Spa/Hot Tub, Elevator(s)

View Y/N true

Building

Sewer Public Sewer

Water Lake Michigan

Structure Type Glass,Concrete

New Construction false

Schools

School District 299, 299, 299

Others

Pets Allowed Cats OK, Dogs OK, Size Limit

HOA Fee Include None

Ownership Condo

Special Listing Condition None

10 E Ontario ST #1506 Chicago, IL 60611

Michael Kang

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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10 E Ontario ST #1506

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