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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.

Overview

Property Status
For Sale
MLS ID
12791136
Property Type
Condo
Year Built
1981

Features & Amenities

Neighborhood
Chicago
Stories
51
Garage Spaces
1.0
Water Source
Lake Michigan
Parking
Garage Door Opener, Yes, Garage Owned, Attached, Garage
Heat Type
Electric
Air Conditioning
Central Air
Appliances
Range, Microwave, Dishwasher, Refrigerator
Sewer
Public Sewer
HOA Amenities
Bike Room/Bike Trails, Door Person, Coin Laundry, Exercise Room, Party Room, Sundeck, Pool, Sauna, Steam Room, Spa/Hot Tub, Elevator(s)
School District
299
Sales Price
$230,000
Real Estate Tax
$3,652/yr

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10 E Ontario Street Unit: 1506

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10 E Ontario Street Unit: 1506
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10 E Ontario Street Unit: 1506

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  • CallTarik Hage

    License #475.197351

    (630) 209-6111
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