Updated 5+ Days Ago
Highlights
Pet Friendly
- Private balconies
- Elevator building
- Modern city dwellers
Location
4242 N Sheridan Rd #501, Chicago, IL 60613, USA|Uptown
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Property Overview
4242 North Sheridan Road, Unit 501 offers strong value with an overall Zumper Expert Rating of 8.3, supported by excellent pricing, solid amenities, and a highly convenient location. Notable features include private balconies and an elevator building, while the property also stands out for its 21 photos and appeal to pet-friendly living with nearby pet services and dog parks.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Middle school nearby
- Elevator
Great for
Pet owners
Floor plans
| 4242 North Sheridan Road, Unit 501 | 1 bed | 1 bath | 588 sqft | $2,005 /mo | Once a stately hotel, the historic Buena Terrace has been renovated and redesigned into a majestic elevator building. Just minutes from Wrigley Field and Montrose Harbor, Buena Terrace has the vintage charm that modern city dwellers seek. Most of the apartments come with private balconies overlooking our gorgeous courtyard garden. *Pictures may be of a similar unit* ***Pricing and availability is subject to change on a daily basis - Presented by Fulton Grace |
Let's explore this property.
Amenities for 4242 North Sheridan Road, Unit 501
Appliances
| Dishwasher |
Building
| Cats OK | Dogs OK |
| Elevator |
Grounds
| Outdoor Space |
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
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
About 4242 North Sheridan Road, Unit 501
Once a stately hotel, the historic Buena Terrace has been renovated and redesigned into a majestic elevator building. Just minutes from Wrigley Field and Montrose Harbor, Buena Terrace has the vintage charm that modern city dwellers seek. Most of the apartments come with private balconies overlooking our gorgeous courtyard garden. *Pictures may be of a similar unit* ***Pricing and availability is subject to change on a daily basis - Presented by Fulton Grace
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 4242 North Sheridan Road, Unit 501 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 4242 North Sheridan Road, Unit 501 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
4242 North Sheridan Road, Unit 501 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 4242 North Sheridan Road, Unit 501 is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
4242 North Sheridan Road, Unit 501 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 4242 North Sheridan Road, Unit 501 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
4242 North Sheridan Road, Unit 501 provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
4242 North Sheridan Road, Unit 501 is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 4242 North Sheridan Road, Unit 501 compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.4 miles away
- Middle school nearby
- There is a middle school 2.9 miles away
- Elevator
- Improved accessibility features
- Images Available
- There are at least 10 photos of this property
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.3 miles away
- No laundry facilities available
- This property doesn't offer on-site washers and dryers
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Rent trends in Uptown
1-bedroom apartments at 4242 North Sheridan Road, Unit 501 cost about 4% more than the average rent price for 1-bedroom apartments in Uptown.
Median rents as of Oct 17 2026.
Uptown
Chicago
| Month | Median Rent |
|---|---|
| November 2024 | $1,568 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| February 2026 | $1,516 |
| March 2026 | $1,657 |
| April 2026 | $1,637 |
| May 2026 | $1,684 |
| June 2026 | $1,691 |
| July 2026 | $1,658 |
| August 2026 | $1,650 |
| September 2026 | $1,650 |
| October 2026 | $1,717 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,287 |
| December 2024 | $1,275 |
| January 2025 | $1,272 |
| February 2025 | $1,266 |
| March 2025 | $1,305 |
| April 2025 | $1,346 |
| May 2025 | $1,348 |
| June 2025 | $1,350 |
| July 2025 | $1,364 |
| August 2025 | $1,354 |
| September 2025 | $1,347 |
| October 2025 | $1,336 |
| November 2025 | $1,293 |
| December 2025 | $1,251 |
| January 2026 | $1,250 |
| February 2026 | $1,280 |
| March 2026 | $1,301 |
| April 2026 | $1,318 |
| May 2026 | $1,389 |
| June 2026 | $1,412 |
| July 2026 | $1,372 |
| August 2026 | $1,358 |
| September 2026 | $1,350 |
| October 2026 | $1,388 |
Affordability calculator
Can I afford to live at 4242 N Sheridan Rd #501?
Bedrooms
1 bedroomRent-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
$80,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $80,200 annually to afford this 1-bedroom monthly rent price of $2,005.
For more information on rent affordability, visit our rent calculator.
Schools near 4242 North Sheridan Road, Unit 501
Brennemann Elementary School
4251 n clarendon ave
chicago, IL, 60613
PK, K-8Public
C+
North River Elementary School
4416 n troy st
chicago, IL, 60625
PK, K-8Public
C+
Albany Park Community Center
5101 n kimball ave 1
chicago, IL, 60625
PKPublic
Skinner North Elementary School
640 w scott st
chicago, IL, 60610
K-8Public
A-
Ruben Salazar Bilingual Center
160 w wendell st
chicago, IL, 60610
PK, K-8Public
C+
Neighborhood
Uptown | Chicago, IL
Getting around Chicago near 4242 N Sheridan Rd #501
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
8/10
Popular public transit options are just a short walk from this location.
Points of interest for 4242 N Sheridan Rd #501, Chicago
Groceries
9/10
Exceptional variety of groceries within a few minutes' walk
Shopping
9/10
Wide variety of shops within a few minutes' walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
9/10
Very large amount of park space within a few minutes' walk
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
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