About This Home

This 1-bedroom, 1-bathroom condo at 10 E Ontario Street #1506 in Chicago, IL is listed for $230,000 ($301 per sqft). Built in 1981, the home offers 765 sqft of living space on a N/A lot.

Key Features

  • Built in 1981
  • 1 parking spaces

Property Details

1 full
1-car garage
#1506
1981

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$1,230/mo

20% down · 6.5% · 30 years

Principal$166
Interest$997
Insurance$67

Estimates only. Actual payments may vary.

Location

10 E Ontario Street #1506

Chicago, IL 60611

Property Details

Flooring

Tile - CeramicCarpet

Construction

Glass Concrete

Parking

GarageOpen

Heating

Electric (Heating)

Cooling

Central Air

Appliances

RangeMicrowaveDishwasherRefrigerator

Questions & Answers

This 1-bedroom, 1-bathroom condo at 10 E Ontario Street is listed at $230,000 ($301/sqft). The estimated monthly payment is $1,230 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1981, 1 parking spaces.

This property is listed by Tarik Hage.

TH

Tarik Hage

Agent at Real Broker LLC

Listed by Real Broker LLC · Broker phone: (267) 241-1073 · View on Broker Site · Broker website

MLS# 12791136· Source: Midwest Real Estate Data, LLC· 1 day on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

10 E Ontario Street #1506, Chicago, IL 60611

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