Condo for rent

5+ Days Ago

5420 North Sheridan Road #501
5420 North Sheridan Road #501, Chicago, Illinois 60640, United States

Monthly rent	$2,400
Beds	2
Baths	2
Sqft	1,000

Monthly rent	$2,400
Beds	2
Baths	2
Sqft	1,000

5+ Days Ago

Highlights

Gas fireplace
All new appliances
Storage locker
Cooking gas
New flooring
Partial lake views

Location

5420 North Sheridan Road #501, Chicago, Illinois 60640, United States|Edgewater

Tour 5420 North Sheridan Road #501

Contact

Denise Raines

Keller Williams Preferred Realty

(312) 953-5780

Property Overview

Featuring a gas fireplace and all new appliances, this residence showcases modern living with high-quality finishes. With a storage locker and new flooring, it offers practicality alongside comfort. Partial lake views enhance the appeal, making it a compelling choice for those seeking a vibrant urban lifestyle in Chicago.

Things you’ll love

Covered parking
Elevator
Extra Storage

Great for

Social life

Amenities for 5420 North Sheridan Road #501, Edgewater

Apartment Amenities

Baseboard	Fireplace
Hardwood Floor

Appliances

Dishwasher

In-Unit Laundry

Building

Elevator

Five Floors

Grounds

Garage Parking

Storage

Other

Five Rooms	Multi Units
Wall Units

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

About 5420 North Sheridan Road #501

Home

Apartments in Chicago

Edgewater

5420 North Sheridan Road #501, Chicago, Illinois 60640, United States

Property Status: Pending Just fully rehabbed, top-floor Edgewater condo w/ treetop + partial lake views! Brand new LVP flooring throughout. Stunning new primary bath with new vanity, gorgeous floor + shower tile, new lighting + mirror. 2nd bath fully refreshed with new flooring, new vanity + new lighting. Kitchen features brand new quartz counters + all new appliances. Entire unit freshly painted. Split bedroom layout for privacy. Full-size in-unit W/D. Gas fireplace. Secured elevator building with storage locker + bike room. ***Garage space, cooking gas, internet, cable AND heat included in the rent*** Pets considered with add'l deposit + monthly pet rent. Minimum of 16 month lease. Close to the lake, beach, bike path, parks, Red Line, Sheridan 51 express bus, restaurants + everything Edgewater. ***Owner is an Ilinois licensed real estate broker*** Office Phone: (708) 798-1111 Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Go to property website

Property highlights

How 5420 N Sheridan Rd, Chicago, IL 60640, USA compares to other nearby properties.

Positives

Covered parking: Garage, covered, or indoor parking is available at this address
Elevator: Improved accessibility features
Extra Storage: Upgraded in-unit features
Fireplace: Upgraded in-unit features available
Images available: There are at least 10 photos of this address

Considerations

Greater distance from grade schools: The nearest elementary school is farther than 0.4 mile away
Greater distance from high schools: The nearest high school is farther than 1 mile away
No laundry facilities available: This property doesn't offer on-site or in-unit washers and dryers

Address details

Neighborhood	Edgewater
Zip code	60640
Type	Condo for rent

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Rent trends in Edgewater

2-bedroom apartments at 5420 North Sheridan Road #501 cost about 7% more than the average rent price for 2-bedroom apartments in Chicago.

Median rents as of Jan 17 2026.

Edgewater

Chicago

A table of 2-bedroom apartment rental data trends in Chicago
Month	Median Rent
February 2024	$2,722
March 2024	$2,929
April 2024	$2,662
May 2024	$2,648
June 2024	$2,764
July 2024	$2,862
August 2024	$2,702
September 2024	$2,706
October 2024	$2,704
November 2024	$2,621
December 2024	$2,508
January 2025	$2,470
February 2025	$2,498
March 2025	$2,508
April 2025	$2,495
May 2025	$2,498
June 2025	$2,498
July 2025	$2,550
August 2025	$2,491
September 2025	$2,419
October 2025	$2,402
November 2025	$2,428
December 2025	$2,348
January 2026	$2,425

A table of 2-bedroom apartment rental data trends in Edgewater
Month	Median Rent
February 2024	$2,395
March 2024	$2,367
April 2024	$2,308
May 2024	$2,277
June 2024	$2,332
July 2024	$2,262
August 2024	$2,207
September 2024	$2,100
October 2024	$2,125
November 2024	$2,167
December 2024	$2,187
January 2025	$2,091
February 2025	$2,083
March 2025	$2,214
April 2025	$2,305
May 2025	$2,385
June 2025	$2,363
July 2025	$2,367
August 2025	$2,332
September 2025	$2,249
October 2025	$2,268
November 2025	$2,296
December 2025	$2,258
January 2026	$2,248

Affordability calculator

Can I afford to live at 5420 North Sheridan Road #501?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$96,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $96,000 annually to afford this 2-bedrooms monthly rent price of $2,400.

For more information on rent affordability, visit our rent calculator.

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Rent history

Check out the past listing prices for monthly rent at 5420 North Sheridan Road, Chicago, IL.
			Bath
2 years ago	$1,950	2 bed	1 bath
2 years ago	$2,299	2 bed	2 bath
6 years ago	$1,650	2 bed	2 bath
6 years ago	$1,675	2 bed	2 bath
6 years ago	$1,699	2 bed	2 bath
6 years ago	$1,699	2 bed	2 bath
6 years ago	$1,699	2 bed	2 bath
6 years ago	$1,750	2 bed	2 bath
7 years ago	$1,600	2 bed	2 bath
7 years ago	$1,600	2 bed	2 bath

Schools near 5420 North Sheridan Road #501

Internet available near 5420 North Sheridan Road #501

Getting around Chicago near 5420 North Sheridan Road #501

Walking

9/10

No car? No problem. Everything you need is within a few blocks.

Driving

8/10

This area is close to freeways and has adequate parking options.

Cycling

9/10

Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

8/10

Popular public transit options are just a short walk from this location.

Points of interest for 5420 North Sheridan Road #501, Chicago

Groceries

9/10

At least one supermarket within a 10-minute walk

Shopping

6/10

Several shops within a few minutes’ walk

Cafes

6/10

Some cafés within a few minutes’ walk

Restaurants

8/10

Variety of restaurants within a few minutes' walk

Primary schools

8/10

At least one elementary school within a 10-minute walk

High schools

4/10

At least one high school within a 30-minute walk

Parks

10/10

Exceptionally large amount of park space within a few minutes’ walk

Nightlife

6/10

Several bars within a few minutes’ walk

Other units at this address

5420 N Sheridan Rd, Chicago, IL

5420 N Sheridan Rd Chicago, IL

Occupied

303

2 Beds

2 Baths

100 sqft

$1,600

Dishwasher • Carpet • Air Conditioning • Fireplace • Ceiling Fan • Assigned Parking

Listed by John Golden

Days on market: 2686

Excellent 2 Bedroom and 2 Bath Condo in Edgewater $1,600 per month This 3rd floor condo in an elevator building is located on Sheridan Ave across the street from Lake Michigan. There is a huge walk in closet in the Master Bedroom, and a large Living Room. The unit also has the following ammenities... *Refrigerator, Stove/Oven, Built In Microwave, and Dishwasher *Two Wall Air Conditioning Units (Bedroom and Living Room) *In Unit Washer and Dryer *Ceiling Fans *Storage Locker in Building Close to Public Transportation (Bus and Red Line) and supermarkets/shopping. Parking spot is available with the rent. Come and enjoy all that Edgewater and this terrific condominium have to offer! STATUS: Occupied AVAILABLE DATE: October 1st TYPE: Condominium YEAR BUILT: BEDROOMS: 2 BATHROOMS: 2 SQ FT: 1000 GARAGE: One Spot FENCED YARD: NA *Other terms, fees, and conditions may apply. Check the listing at KeyrenterChicagoNorth. com for details. SHOWING INSTRUCTIONS: To schedule a showing please call or text John at (312) 636-5144. Bring picture ID UTILITIES INCLUDED: Rent includes heat, gas, water, and trash collection HOA FEE: Paid by Owner HOA AMENITIES AND SERVICES: Landscaping and Snow Removal PET RULE: One Dog or Cat OK. Max Weight 35 ibs. SMOKING: No Smoking Allowed in or on the Property LEASE LENGTH: 12 month minimum SPECIAL PROVISIONS: HOA approval required and Move In must be coordinated through HOA 7 days in advance HOW TO APPLY: The applications are found on our website, www.KeyrenterChicagoNorth.com, located on the listing page. APPLICATION TURNAROUND TIME: 24 to 72 business hours If you have pets or plan to get pets please use this link to create a file for your pets. Required for all pets living in the home. (Including Service/Emotional Support Animals). For Service/Emotional Support Animals, Please Remember to attach the papers for it https www petscreening com referral 1BFIGOUYPsXu ADDITIONAL FEES NOT INCLUDED IN RENT: • Security Deposit of One Month's Rent (refundable) • $25 monthly fee per pet (if applicable) (non-refundable) • $20 Pet Screening Fee (Non-refundable if applicable) • $50 application fee per adult 18 or older (non refundable) * Monthly Rental Administration Fee (1% of Rent) John Golden - Managing Broker All information is deemed reliable but not guaranteed and is subject to change.