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| You've seen it! You love it! Edgewater Beach Apartments (EBA) building at 5555 N Sheridan Road, Chicago IL 60640 (all photos Eric Rojas, Broker, Kale Realty unless otherwise noted). |
Congrats to our buyer clients on their purchase of
5555 N Sheridan Road Unit #1608 in iconic Edgewater Beach Apartments co-op on Thursday The large two bedrooms, one bath vintage unit was a
steal at $125,000. Our out-of-state buyers intend to use the home as an "in town". This bright home will shine after floors are refinished and a good paint job. The assessment is $949/ month which includes everything (Heat, Water, Gas,
Property Tax, Common Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Pool). The lakeside grounds, on-site maintenance, retail offerings and building amenities have you covered!
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| The bright living room and dining rooms need some love. The huge apartment has formal rooms and many original details. Photo Eldorrado Chicago Real Estate |
The co-op purchase is much different than buying a condo in many ways. Namely
you are buying shares of the cooperative. Applications must be submitted and co-op board may interview and reject potential purchasers. Prospective purchaser's finances are greatly scrutinized and minimum down payments (or cash deals) can be required.
Here's a basic comparison of condo vs co-op.
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| Great west views from the unit (lake views will cost you more!) |
The Bryn Mawr Historic District and surrounding blocks offer dozens of shops, cafes and restaurants like Starbucks,
Francesca's Bryn Mawr outside your door. Mariano's grocery store is a few blocks down on North Sheridan and the building is adjacent to lakefront paths and the beach. The
CTA Red Line stop at Bryn Mawr is a couple blocks from the Edgewater Beach Apartments. The buyers will "car-less" when visiting their city home!
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| EBA's huge swimming pool and room built for a Wes Anderson movie! The pool restrooms, shower and locker room area have been renovated not too long ago. |
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| Client Mark with real estate attorney Kent Novit. |
18 apartments have sold in the last 12 months at Edgewater Beach Apartments. Prices range from $82,500 for a studio apartment to $425,000 for an updated 2000 sq/ft three beds, two and one-half baths home. The design of the building, views and various updates make each apartment home truly unique!
