$230,000

bed

bath

765

square ft

10 E Ontario Street #1506

Chicago, Illinois 60611

New / MLS #12791136 / Condo / Near North Side

Listing information updated 10/28/2026 at 4:23pm

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.

Full Features

Exterior Type:

Glass,Concrete

Basement:

None

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Electric

Appliances:

Range, Microwave, Dishwasher, Refrigerator

Main Level Primary Bedroom:

Yes

Pool:

Yes

Age:

41-50 Years

Parking Type:

Garage - Garage Door Opener,Yes,Garage Owned,Attached,Garage

Parking Spaces:

Garage:

Attached

Room Count:

Water Front:

Square Feet:

765

Pet Information:

Cats OK, Dogs OK, Size Limit

Common Area Amenities:

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

Room Information

Living Room:

17x14 - Main

Dining Room:

combo - Main

Kitchen:

8x8 - Main

Family Room:

N/A

Primary Bedroom:

14x10 - Main Level

2nd Bedroom:

N/A

3rd Bedroom:

N/A

4th Bedroom:

N/A

Laundry:

N/A Level

Taxes & Assessments

Tax Amount:

$3,652

Tax Year:

2025

Location

Zip Code:

60611

City:

Chicago

County:

Cook

Schools

School District(s):

299

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Exterior Type:

Glass,Concrete

Basement:

None

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Electric

Appliances:

Range, Microwave, Dishwasher, Refrigerator

Main Level Primary Bedroom:

Yes

Pool:

Yes

Age:

41-50 Years

Parking Type:

Garage - Garage Door Opener,Yes,Garage Owned,Attached,Garage

Parking Spaces:

Garage:

Attached

Room Count:

Water Front:

Square Feet:

765

Pet Information:

Cats OK, Dogs OK, Size Limit

Common Area Amenities:

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

Living Room:

17x14 - Main

Dining Room:

combo - Main

Kitchen:

8x8 - Main

Family Room:

N/A

Primary Bedroom:

14x10 - Main Level

2nd Bedroom:

N/A

3rd Bedroom:

N/A

4th Bedroom:

N/A

Laundry:

N/A Level

Tax Amount:

$3,652

Tax Year:

2025

Zip Code:

60611

City:

Chicago

County:

Cook

School District(s):

299

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Real Broker LLC

Listing Office Phone: 217.960.8605

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/28/2026 at 4:23pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Near North Side, IL

The Near North Side is one of only four areas that make up downtown Chicago. With Lake Michigan to the east and the Chicago River bordering it to the south and west, the Near North Side is one of the most desirable areas in all of Chicago. Six distinct neighborhoods make up the Near North Side, incl...

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$703,989

Average Sale Price

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Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.