2-Bedroom in the Pink Palace with Lake, Beach, Park and City Views: 5555 N. Sheridan
This 2-bedroom in the Edgewater Beach Apartments at 5555 N. Sheridan in Edgewater came on the market in August 2023.
The Edgewater Beach Apartments 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. It’s a co-op.
Designed by Benjamin Marshall it has 19 stories and 300 apartments along with attached garage parking. 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.
The Pink Palace is a full amenity building, and then some. It has an on-site restaurant, cleaners, receiving room, party room and bike room. The building is on 2-acres and has gardens, a pergola, grills and tables, multiple spaces to sit in common spaces, an indoor pool, exercise room, on-site management and engineer, and 24-hour door staff.
This unit is a corner unit with east, south and north views of the lake, beach, park and city. It has windows on three sides of the unit.
The “updated” kitchen boasts maple cabinets, a stainless steel dishwasher and oven/cooktop, cork flooring and a “super sunny” eat-in breakfast nook.
Both bedrooms are en suite.
There’s a living/dining room as well as a family room.
This unit has window unit cooling and no washer/dryer in the unit. However, other listings have the washer/dryer so it must be allowed. Otherwise, there is coin laundry. Garage parking is available for $105 a month.
There’s no dogs allowed.
Other recent listings in the building said that the building requires 10% down.
Because it’s a co-op, the assessment includes property taxes.
This building is in the Bryn Mawr Historic District and is near the shops and restaurants of Andersonville. It’s 5 blocks from the Bryn Mawr Red Line stop.
Listed in August 2023 for $499,900, do all the resort amenities make the Pink Palace unique among high rises?
Thomas Moran at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #1202: 2 bedrooms, 2.5 baths, 1800 square feet, corner unit
- Sold in April 2009 “as-is, estate sale” for $275,000 (per Redfin)
- Currently listed in August 2023 for $499,900
- Assessments of $2755 a month (includes property taxes, heat, cable, Internet, cooking gas, water, all amenities, contribution to the capital projects reserve fund, party room, pool, bike room)
- Taxes are included in assessment
- No central air- but window units
- No in-unit washer/dryer- coin laundry in the building
- Garage parking is available for $105 a month
- Bedroom #1: 13×16
- Bedroom #2: 12×18
- Living/dining room: 14×23
- Family room: 13×15
- Kitchen: 8×15