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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.
| DAYS ON MARKET | 9 | LAST UPDATED | 10/21/2026 |
|---|---|---|---|
| YEAR BUILT | 1981 | COMMUNITY | CHI - Near North Side |
| GARAGE SPACES | 1.0 | COUNTY | Cook |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Microwave, Range, Refrigerator |
| AREA | CHI - Near North Side |
| BASEMENT | None |
| CONSTRUCTION | Concrete, Glass |
| GARAGE | Attached Garage, Yes |
| HEAT | Electric |
| INTERIOR | Elevator |
| LOT | 0 |
| LOT DIMENSIONS | COMMON |
| PARKING | Garage Door Opener, Attached, Garage |
| SEWER | Public Sewer |
| STORIES | 51 |
| TAXES | 3652 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Real Broker LLC
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Copyright 2026 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.