Spacious Condo in
For Sale
$125,000
6030 N Sheridan Road #404, Chicago, IL 60660
Light-filled condo with investment potential in prime Edgewater location.
Property Size750 SF
Days on Market540
Property Features for 6030 N Sheridan Road #404
General Information
Standard status
Active
Size
750 SF
Property subtype
Condominium
Site & Location
Neighborhood
North Side
Amenities
Baseboard
Indv Controls
Wall Unit(s)
Range
Microwave
Dishwasher
Refrigerator
Building Details
Building Size
750 SF
Year Built
1951
Listing Agency:
RE/MAX Premier
Listed By:
Mera Kordic · License #475135420
(312) 475-1717
Source:
Kw
Added: May 16, 2025
Changed: Oct 26
Last Checked: Nov 6 at 12:50PM
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 RE/MAX Premier
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Investment Insights
Based on property information with market context.
Located in Edgewater, this spacious condo offers an open floor plan with a large kitchen featuring an island. Wall-to-wall windows frame the expansive living area. Building amenities include a 24-hour doorstaff, fitness center, bike room, and additional storage. The property is located near Lane Park and Beach, with convenient access to CTA bus stops (147 & 151) and a short walk to the Thorndale & Granville Red Line. Whole Foods, local cafes, restaurants, and Moody's Pub are also nearby. This property presents an opportunity for investors in a high-demand area.
Key Highlights
- Prime Edgewater location near Lane Park and Beach.
- Open floor plan with large kitchen island, ideal for entertaining.
- Wall‑to‑wall windows providing abundant natural light.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,497
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,940
$229.9K
Cap Rate 7%
$164,243
$164.2K
Cap Rate 9%
$127,744
$127.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$22.1K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$20.9K $27.87/SF
− OpEx
−$9.4K −$12.54/SF
NOI
$11.5K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,940
Cap Rate 7%
$164,243
Cap Rate 9%
$127,744
Alternative Uses
Best Use
Apartment 5plus
$164.2K
$143.7K – $191.6K
NOI $11,497 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.6K
$309.4K – $412.6K
NOI $24,754 @ 7.0% cap · market cap 19.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 60660, IL
42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Light-filled condo with investment potential in prime Edgewater location.
Where is this apartment building located?
The property is located at 6030 N Sheridan Road #404 Chicago, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Prime Edgewater location near Lane Park and Beach.; Open floor plan with **large kitchen island, ideal for entertaining.**; Wall‑to‑wall windows providing abundant natural light.**
