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For sale
Residential income properties
IL
Chicago
60640
5415 N SHERIDAN Road 2203

Convertible Studio with City Views

5415 N SHERIDAN Road 2203, Chicago, IL 60640

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For Sale

$110,000

High-floor studio with city views, utilities included, premium amenities.

Type:Condo/Townhome

Property size:

600 SF

Price / SF:

$183/SF

HighLights

Breathtaking city views from a high‑floor unit.
Heat, air conditioning, basic cable, and internet included in the assessment.
Unmatched accessibility with public transportation right outside the door.
Premium building amenities: indoor pool, state‑of‑the‑art health club, and deck.
On‑site supermarket and cleaners for added convenience.
Garage/valet parking available with no wait.

We can help!

Contact an agent

Halina Zdanowski

For Sale

$110,000

High-floor studio with city views, utilities included, premium amenities.

Type:Condo/Townhome

Property size:

600 SF

Price / SF:

$183/SF

Added:: Jan 25, 2025
Days on Market:: 528
Last Refresh:: May 20 at 2:40 am

Property Features for 5415 N SHERIDAN Road 2203

General Information

Standard status: Active
Size: 600 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 1974

We can help!

Contact an agent

Halina Zdanowski

Listing office LPT Realty

Listing date Jan 25, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty

HighLights

Breathtaking city views from a high‑floor unit.
Heat, air conditioning, basic cable, and internet included in the assessment.
Unmatched accessibility with public transportation right outside the door.
Premium building amenities: indoor pool, state‑of‑the‑art health club, and deck.
On‑site supermarket and cleaners for added convenience.
Garage/valet parking available with no wait.

Overview

This high-floor convertible studio offers city living with city views. The spacious and versatile 600 square foot unit includes heat, air conditioning, basic cable, and internet as part of the assessment. Public transportation is conveniently located right outside. Premium building amenities include an indoor pool, a state-of-the-art health club, a relaxing deck, a supermarket, and on-site cleaners. The gym is available for a fee and features an indoor pool, a hot tub, cardio and weight rooms, and a locker room with a sauna. Additional amenities include a 24-hour package receiving room and a deck with a pond. Garage and valet parking are available for a fee without any wait. The assessment includes heat, air conditioning, water, and internet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$17.6k	$29.40
− Vacancy	−$917	−$1.53
EGI	$16.7k	$27.87
− OpEx	−$7.5k	−$12.54
NOI	$9.2k	$15.33

600 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$131.4K

$115.0K – $153.3K (±1% cap)

NOI $9,197 @ 7.0% cap · market cap 8.36%

Second Best

—

no second resolved use

Theoretical Best

Office A

$282.9K

$247.5K – $330.1K (±1% cap)

NOI $19,803 @ 7.0% cap · market cap 18.00%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

World Yoga Gym & Fitness Center Cybosys Marketing & Advertising Alternative Mobile Massage Alternative Medicine Practice Alan J. Ward, ... Physician FAN eLearning (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6545843
Latitude: 41.9800827

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For sale
Residential income properties
IL
Chicago
60640
5415 N SHERIDAN Road 2203

What type of property is this?

Residential income property - High-floor studio with city views, utilities included, premium amenities.

Where is this residential income property located?

The property is located at 5415 N SHERIDAN Road 2203 Chicago, IL.

What is the asking price?

The asking price for this property is $110,000.

What are key features of this property?

This property features: Breathtaking city views from a high‑floor unit.; Heat, air conditioning, basic cable, and internet included in the assessment.; Unmatched accessibility with public transportation right outside the door.