Brian Littrel
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
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.
Property Highlights
Property Type: Residential - Condominium
Total Living Area SF: 765
Garage Size: 1
Attached Garage
Built in 1981
School District: District 299
General Information
Bedrooms: 1
Bathrooms: 1
Sqft: 765
County: Cook
Listed By:
Real Broker LLC
217-960-8605
MRED MLS
MLS ID: 12791136
Room Information
Dining Room: COMBO
Kitchen: 8X8
Living Room: 17X14
Primary Bedroom: 14X10
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10 E Ontario Street, Unit 1506, Chicago, IL 60611.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $230,000 | $230,000 | $230,000 |
| Down Payment | $46,000 | $8,050 | $57,500 |
| Monthly Mortgage Amount | $1,209 | $1,484 | $1,479 |
| Taxes | $320 | $320 | $320 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $101 | $0 |
| Monthly Estimated Total | $1,629 | $2,005 | $1,899 |
Brian Littrel
REALTOR®
E Pro, SRES, ABR
Cell: (563) 260-6438
Other: (563) 263-5792
Licensed in IA
Muscatine Office
226 East 2nd Street
Muscatine, IA 52761
(563) 264-0240
Muscatine, IA 52761
(563) 264-0240
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