6171 N Sheridan RD #2311-2312

Chicago,IL 60660

$ 425000

4 Beds

4 Baths

2600 SqFt


Key Details

Property Type Condo

Sub Type Condo

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $163

Subdivision Granville Beach

MLS Listing ID 12208824

Bedrooms 4

Full Baths 4

HOA Fees $1,901/mo

Year Built 1970

Annual Tax Amount $8,251

Tax Year 2023

Lot Dimensions COMMON

Property Description

Welcome to your future investment opportunity or personal lakeside retreat in fabulous Edgewater Beach! Step outside and go for a swim in Lake Michigan, take a stroll in adjacent Berger Park, have a cocktail at the Waterfront Cafe, and walk west down Granville for the best restaurants, shops, and bars in the neighborhood. Just a few blocks from Loyola University and four blocks north of Lakeshore Drive- this location cannot be beat! This rare listing features two spacious two-bedroom, two-bathroom units combined under one tax pin, offering unparalleled flexibility and investment potential. Both corner-unit condos boast spectacular lake views featuring 1300 square feet of living space. Imagine the possibilities: maintain the current configuration and separate the units into two distinct tax pins to unlock immediate equity, or combine both units to create your own expansive 4 bedroom, 4 bathroom 2600 square foot lakeside oasis, tailored to your vision and lifestyle. Both units are currently tenant-occupied through summer 2025, providing a steady stream of rental income and making this an attractive investment opportunity. With the security of existing leases, you can plan your next steps with confidence, whether you're looking to maximize returns or eventually create a bespoke residence. The assessment of $1901.24/month includes heat, cable, water, doorman, exercise facilities, common insurance, scavenger, exterior maintenance, lawncare, and snow removal. The building itself has undergone significant improvements, featuring new tuckpointing and facade work, as well as updated lobby decor, ensuring a fresh and modern feel. Building amenities include spectacular rooftop overlooking Lake Michigan, top floor exercise facilities with views for days, top floor party room, assigned storage locker, bike storage, on-site parking (assigned spaces priced at $140-160/month), laundry facilities, and on-site management and building engineer. This property offers endless possibilities for investors and homeowners alike. Don't miss the opportunity to make this lakeside retreat your own.

Location

State IL

County Cook

Area Chi - Edgewater

Rooms

Basement None

Interior

Heating Steam,Baseboard

Cooling Window/Wall Units - 3+

Fireplace N

Exterior

Parking Features Attached

Building

Dwelling Type Attached Single

Story 29

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 299 ,299, 299

Others

HOA Fee Include Heat,Water,Gas,Insurance,Security,Doorman,TV/Cable,Exercise Facilities,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal

Ownership Condo

Special Listing Condition None

Pets Allowed Cats OK,Dogs OK,Number Limit

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