Monday, October 30, 2017

Buyers eye iconic Edgewater Beach Apartments

A vibrant mix of vintage and new buildings line Bryn Mawr leading to the Edgewater Beach Apartments in the background.
We had a great time Saturday showing our clients available units at "that pink building" in Edgewater despite the cold gloomy weather. Edgewater Beach Apartments (EBA) at 5555 N Sheridan Road, Chicago IL 60640 offers large vintage cooperative apartments in a full amenity building along Chicago's lakefront. Read about EBA's history and features here.

Living like the roaring 20s!!
Our clients (from Wisconsin) will be retiring and have viewed several Chicago locations and buildings from Old Town to Edgewater with us.  They have come back to EBA for the history, vintage feel, lakefront and beautiful common areas offered by this lifestyle building.

20 units have closed in Edgewater Beach Apartments over the last 12 months as recorded on the MLS. The median price of a closed unit is only $185,000 (with a monthly assessment around $1,000 that includes property taxes, heat, cable, Internet, cooking gas, use of all amenities and a contribution to the capital projects fund).  The low purchase price and included amenities are attractive to our buyers who would also like to renovate a unit to their liking. For example we saw a 1200 sq/ft unit listed for only $140,000 that they can customize.

Call us to help you find mid-rise and high-rise units in Chicago!

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