Sherway Towers Apartments

4225 North Sheridan, Chicago, Illinois 60613

Sherway Towers Apartments, located at 4225 North Sheridan in Chicago, has studio, one and two bedroom apartments. Sherway Towers Apartments participates in the Section 8 Project-Based Rental Assistance program.

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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
  • Project-Based Rental Assistance
  • Senior (62+)

Property Amenities

  • Community Room
  • 24hr Emergency Maintenance
  • On-Site Management
  • Laundry Facilities

Unit Amenities

  • Air Conditioning
  • Utilities Included
  • Heat and Air

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital

About Sherway Towers Apartments

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.

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. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

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% $18,750 $21,400 $24,100 $26,750 $30,170 $34,590 $39,010 $43,430
50% $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
80% $49,950 $57,050 $64,200 $71,300 $77,050 $82,750 $88,450 $94,150

These general income qualifications for Chicago, Illinois should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Sherway Towers Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Sherway Towers Apartments is managed by Benchmark Management Corporation.

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Image of Sherway Towers Apartments
Image of Sherway Towers Apartments

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