Chicago · Cook County · IL
Homes for sale in
Edgewater Beach Apartments.
- Active listings
- 0
- Median list
- $455K
- Avg time on market
- 60 days
- Sold · last year
- 19
Active listings
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About the community
A historic pink lakefront co-op, the last piece of the Edgewater Beach resort.
The Edgewater Beach Apartments is a landmark residential building at 5555 N Sheridan Road on Chicago's far-north lakefront, in the Edgewater neighborhood. Opened in 1928 and designed by architect Benjamin Marshall of Marshall and Fox, it is known for its distinctive pink terra cotta facade and its curved, multi-wing footprint. It was built as part of the Edgewater Beach Hotel resort complex; the hotel was demolished in 1971, leaving these apartments as the last standing piece of the resort. It is a cooperative, listed on the National Register of Historic Places, with roughly 305 to 307 vintage apartments.
At a glance
Landmark 1928 building
Designed by Benjamin Marshall of Marshall and Fox, on the National Register of Historic Places, with a distinctive pink facade.
Cooperative ownership
Buyers purchase shares in the co-op corporation with the right to occupy a unit, which affects financing and requires board approval.
Two-plus acres of gardens
Award-winning landscaped grounds with a gazebo, a grill patio, garden plots, a playground, and a bocce court.
Indoor lap pool and fitness
A roughly 60-foot heated indoor lap pool plus a fitness center, with the Lakefront Trail just outside.
Full-service building
24-hour door staff, a staffed garage with valet, on-site management, guest suites, and a resident library and club room.
Lakefront between two beaches
Set on the lake between Foster and Osterman beaches, with direct access to the Lakefront Trail.
Cats yes, dogs no, no rentals
Per current listings, cats are allowed, dogs are not, and units are generally owner-occupied. Confirm with management.
Chicago Public Schools
Goudy Elementary and Senn High School are commonly cited. Confirm the boundary with the CPS locator.
What’s close
The Edgewater Beach Apartments sits at 5555 N Sheridan Road on the Edgewater lakefront, between Foster and Osterman beaches and a short walk from Andersonville.
- Building amenities
- The gardens, the indoor lap pool, the fitness center, 24-hour door staff, a valet garage, and a ground-floor retail arcade.
- Recreation
- Foster and Osterman beaches and the Lakefront Trail, all directly accessible from the building.
- Dining and shopping
- The Andersonville commercial district on Clark Street and the Bryn Mawr Historic District nearby.
- Schools
- Chicago Public Schools, with Goudy Elementary and Senn High School commonly cited. Confirm the boundary by address with CPS.
- Transit
- The CTA Red Line at Bryn Mawr and Berwyn a short walk west, with Lake Shore Drive nearby for driving downtown.
- Parking
- A heated two-level attached garage with valet, leased monthly and separate from the unit.
What it’s actually like to live here
Living at the Edgewater Beach Apartments is as close as Chicago gets to owning a piece of a 1920s lakefront resort. The pink terra cotta building, the two-plus acres of manicured gardens, the indoor lap pool, the 24-hour door staff, and the ground-floor arcade all trace back to Benjamin Marshall's original vision of Mediterranean-style living on Lake Michigan. Residents step out to the Lakefront Trail, Foster and Osterman beaches, and the restaurants and shops of Andersonville, with the Red Line and Lake Shore Drive making downtown an easy trip. For buyers who value vintage architecture, generous room sizes, and a genuine full-service building, few addresses compare.
The honest tradeoff is that this is a cooperative, and co-ops behave differently from condos. You buy shares in a corporation and must be approved by the co-op board, financing requires a lender comfortable with co-op share loans plus a minimum down payment, and resale can be slower. The monthly assessment looks large at first glance because it bundles in your share of property taxes and any building loan, so it should be compared against a condo's fee-plus-separate-tax-bill rather than dollar for dollar. The upside of that structure is a strong, self-governing community and predictable all-in carrying costs.
Buyers should also weigh the realities of a nearly century-old building. Heating is steam and radiator-based, cooling is typically window or wall units rather than central air, and a historic building of this age carries ongoing capital needs funded through reserves and occasional special assessments. Pet and rental rules are restrictive: per current listings cats are allowed, dogs are not, and rentals are generally not permitted, so this is a building for owner-occupants. For the right buyer, the charm, the amenities, and the history are exactly the point.
The questions buyers actually ask
Edgewater Beach Apartments FAQ
The questions I get most from buyers shopping Edgewater Beach Apartments. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Because this is a cooperative, the monthly assessment is larger than a typical condo fee: it includes the unit's share of real estate taxes and any building loan, along with heat, water, staff, insurance, cable, internet, and cooking gas, plus a reserve contribution. Verified examples run roughly $2,500 to $3,200 a month for larger two- and three-bedroom homes, with smaller units lower, and assessments scale with the unit's share count. Leased garage parking is a separate cost (quoted around $115 a month). Because taxes are paid by the co-op and folded into the assessment, listings typically show no separate per-unit tax bill.
- When was Edgewater Beach Apartments built?
- Benjamin H. Marshall of Marshall and Fox built the community between 1928 and 1929. Benjamin H. Marshall of Marshall and Fox stopped new construction in 1929, so every sale today is a resale.
- What's the typical closing timeline?
- 60 to 150 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 150.
- Is the Edgewater Beach Apartments a condo or a co-op?
- It is a cooperative. You buy shares in the corporation that owns the building, along with the right to occupy a specific unit, rather than buying the unit as real property. This affects financing and requires co-op board approval.
- What does the monthly assessment cover?
- Your share of building operating costs (heat, water, staff, insurance), your real estate taxes, your share of any building loan, plus cable, internet, cooking gas, amenity access, and a reserve contribution. Verified examples run roughly $2,500 to $3,200 a month for larger two- and three-bedroom homes, with smaller units lower.
- How do property taxes work here?
- The co-op corporation pays the building's real estate taxes and your portion is included in your monthly assessment, so listings typically show no separate per-unit tax bill. Budget the full monthly assessment as the all-in carrying cost.
- Can I finance a purchase, and how much do I need down?
- Yes, but you need a lender that offers co-op share loans, which are fewer than for condos, and listings state a minimum of 10 percent down. The co-op board also reviews and must approve buyers, so plan for an application process.
- What amenities does the building have?
- Two-plus acres of gardens, a roughly 60-foot heated indoor lap pool, a fitness center, 24-hour door staff, a staffed valet garage, guest suites, a library and club room, and a ground-floor retail arcade, with the Lakefront Trail just outside.
- Are pets allowed and can I rent my unit?
- Per current listings, cats are allowed and dogs are not, and rentals are generally not permitted, so this is intended as an owner-occupant building. Confirm the current pet and rental policies with building management.
- Who is the real estate agent for Edgewater Beach Apartments?
- Joe Keegan is the local licensed Illinois real estate broker who covers Edgewater Beach Apartments in Chicago, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Edgewater Beach Apartments specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Edgewater Beach Apartments
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Chicago specialist
- Honest local market take
- Brokerocity
Market snapshot
Edgewater Beach Apartments, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$455,000
Typical sale price · last 90 days
$245,000
Avg time on market
60 days
Sold in the last year
19
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period July 31, 2025 through July 31, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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