This 2-bedroom unit in the Edgewater Beach Co-op Apartments at 5555 N. Sheridan in Edgewater came on the market in February 2016.
The Edgewater Beach Co-op was built in 1928 as a companion property to the older Edgewater Beach Hotel which was a resort with a Mediterranean flair on the Lake.
Designed by Benjamin Marshall it has 19 stories and 300 apartments.
The building is was put on the National Register of Historic Places in 1994.
It is often referred to as the Pink Palace due to its pinkish stucco exterior.
Everyone who drives north on Lake Shore Drive knows this building.
This unit is on the top floor of the building and has Lake Michigan views.
The listing says it has been “redone from top to bottom” including a custom kitchen with granite counter tops and stainless steel appliances.
There are hardwood floors throughout and all windows have been replaced.
The listing says it is one of the few units in the building with central air.
It doesn’t have a washer/dryer in the unit, there is coin laundry in the building, but there is leased, valet parking in the attached garage.
The building has an extensive list of amenities:
Amenities include a 60-ft heated indoor pool with adjacent party space; weight and exercise rooms; library; craft room; 2 acres of award-winning gardens; gazebo; an arcade of shops; heated indoor garage with adjacent bike rooms; guest apartments for rent on first floor; basement storage facilities; 3 passenger elevators and 8 freight elevators; and doormen and garage attendants 24/7.
The building requires 20% down.
And there are no dogs allowed.
Originally listed for $400,000, this has been reduced twice and is now $360,000.
Is it priced to sell?
Mike Paonessa at @Properties has the listing. See the pictures here.
Unit #1917: 2 bedrooms, 2 baths, no square footage listed
- It’s a co-op so I don’t have the prior sales info
- Originally listed in February 2016 for $400,000
- Reduced twice
- Currently listed at $360,000
- Assessments of $1083 a month (includes real estate taxes, heat, doorman, cable, Internet, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $537
- Central Air
- No washer/dryer in the unit. Coin laundry in the building
- Valet parking for $105 a month
- Bedroom #1: 15×11
- Bedroom #2: 20×11
- Office: 5×4