Sherway Towers Apartments
4225 North Sheridan, Chicago, Illinois 60613
Sherway Tower offers you all you would expect in apartment living and more. A place to call home for anyone 62 and older or those under the age of 62 who require the features included in an accessible apartment. Your rent is based on your income and occupancy is subject to HUD rules and regulations, including the HUD annual income limits.
Sherway Towers is composed of studio, handicapped accessible one, standard one and two bedroom apartment homes. The property also has on-site laundry facilities and a recreational room. The property location offers easy access to shopping areas and public transportation. Broadway, Montrose and Sheridan Road buses are nearby with scheduled stops in the loop and at the Rapid Transit (elevated) stations. There is site parking available for residents and visitors. Individual thermostatically controlled air conditioning units are installed in each living room. A recreational garden area is also available for residents to relax and take in the fresh air. Sherway has a full-time service coordinator to assist residents with their needs.
Units
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Income Based |
| One Bedroom (1/1) | - | Income Based |
| Two Bedroom (2/1) | - | Income Based |
Sherway Towers Apartments Details
- 180 studio, one and two bedroom units.
- Water and Sewer utilities included in rent
- Heat utility included in rent
- Section 8 Project-Based Rental Assistance
Property Amenities
- Community Room
- On-Site Manager
- 24hr Emergency Maintenance
- Laundry Facilities
Unit Amenities
- Air Conditioning
- Utilities Included
- Heat and Air
Nearby Amenities
- Close to Public Transportation
- Close to Shopping
- Near Hospital
Section 8 Project-Based Rental Assistance
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Chicago HUD Rental Assistance Income Qualifications
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Chicago but actual income limits may differ for units at Sherway Towers Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $21,900 | $25,000 | $28,150 | $31,250 | $33,750 | $37,190 | $41,910 | $46,630 |
| 50% | $36,500 | $41,700 | $46,900 | $52,100 | $56,300 | $60,450 | $64,650 | $68,800 |
| 80% | $58,350 | $66,700 | $75,050 | $83,350 | $90,050 | $96,700 | $103,400 | $110,050 |
Sherway Towers Apartments is managed by Benchmark Management Corporation.
Nearby Low Income Apartment Communities
Beth-Anne Extended Living
Dr Lucy Lang Chappell Housing
© 2002-2023 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.
