7337 S South Shore Drive # 326
Chicago, IL, 60649 $ 69,999
Bedrooms1 Baths1.0 Sq 800 Monthly Estimate*
$ 483
for $69,999 with 1 bedroom and 1 full bath. This condo is 800 square feet.
Wake up to the energy of Chicago's vibrant lakefront while enjoying the affordability and convenience of one of the city's most exciting emerging neighborhoods. Nestled in the sought-after Lake Terrace waterfront community in historic South Shore, this beautifully updated condo offers a lifestyle that blends city living, outdoor recreation, culture, and investment potential. Imagine beginning your mornings with a stroll along Lake Michigan, spending afternoons at the nearby South Shore Cultural Center, and enjoying quick access to Hyde Park's renowned dining, shopping, and cultural attractions. With the Obama Presidential Center just minutes away and downtown Chicago easily accessible, you'll be perfectly positioned to enjoy everything the city has to offer while coming home to a neighborhood rich in history, character, and growth. Lake Terrace enhances everyday living with an impressive collection of amenities, including 24-hour door staff and security, a fitness center, dedicated parking, private storage, onsite laundry facilities, multiple elevators, and gathering spaces for entertaining friends and family. The pet-friendly community also offers the flexibility to lease your unit, creating an attractive opportunity for those seeking passive income or long-term wealth building through real estate. For investors, this is an exceptional opportunity to acquire a turnkey, income-producing property with an existing tenant already in place. Currently generating $1,400 per month in rental income, the property offers immediate cash flow while benefiting from the continued investment and revitalization occurring throughout Chicago's South Shore lakefront corridor. Whether you're seeking a smart investment, a future city retreat, or a foothold in one of Chicago's most promising waterfront communities, this property offers an outstanding combination of lifestyle, location, and opportunity. Tenant occupied. Please allow appropriate notice for showings and do not disturb the tenant. Property is being sold subject to the existing tenancy. Buyer to verify all information, including lease terms, rental income, assessments, taxes, and association requirements.
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FeaturesGeneralLiving Area 800
Sewer Public Sewer
Heating Natural Gas
Cooling Wall Unit(s)
Possession Closing
HOA Fee 596
Association Fee Includes Heat Water Insurance Security Doorman Lawn Care Scavenger Snow Removal
Construction Materials Brick
Pets Allowed Additional Pet Rent Cats OK Deposit Required Dogs OK
Township Hyde Park
Unit Number 326
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Door Person Coin Laundry Elevator in Residence Exercise Room Storage
Total Rooms 4
Full Baths 1
Status Active
Directions North on S. South Shore Drive East on 74th Street
City Chicago
High School District 299
MLS Area CHI - South Shore
Tax Annual Amount 1057
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo
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InteriorBasement None
Total Stories 12
Half Baths 0
Laundry Features Common Area
Total Bedrooms 1
Room Type No additional rooms
Total Baths 1
Bedrooms Possible 1
Total Number of Units 360
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ExteriorParking Features Yes Leased
Water Source Public
Total Parking 1
Lot Dimensions 602 x 182
Waterfront Y/N Y
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
precious.credit@cbrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $483
- Monthly Property Taxes
- $88
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Chicago, IL
Average List Price $632,210
Percent of Sale Price 803%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/8/2026 | $69,999 | 0.00% | Price Down |
| 6/22/2026 | $70,000 | | Listed Price |