A restored condo Edgewater’s iconic pink palace asks $239K

The Edgewater Beach Apartments building is one of the most recognizable high-rises along the lakefront. The pale, seashell pink building is the last remaining structure from the historic hotel complex known for entertaining high-end guests like Marilyn Monroe and Frank Sinatra.

Referred to as the pink palace, the Spanish-style building became a co-op in 1949 and joined the Register of Historic Places in 1994. Each apartment was designed to get maximum light and views of the lakefront and to accomplish this, architect Benjamin Marshall arranged the building in the shape of Maltese Cross.

The owners of this particular unit have completed a spectacular renovation that preserves some of the historic features. For example, the kitchen’s metal cabinets are the originals, but now retrofitted with custom soft-close doors and a new blue-grey color. The subway tiles in the bathroom? It’s restored along with a new recycled glass mosaic tile floor. The traditional picture and crown moldings complement other modern designer upgrades like new light fixtures and porcelain tile floors, too.

The home is technically a two-bedroom, but the second room connects through a shared bathroom and is quite narrow. Right now, it appears to serve as an office but could also be useful as a nursery.

5555 North Sheridan Road Unit 514 is listed for $239,000 with Mark Becker of Compass.