7337 S South Shore Drive #326, Chicago IL 60649
- Bedrooms 1
- Bathrooms 1
- Taxes $1,057
- HOA $596
- Payment Estimate View Mortgage Calculator
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Property Description
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.
Features & Information
Key Details
- List Price $69,999
- Property Taxes $1,057
- Assessments/HOA $596
- Assessments/HOA frequency Monthly
- Assessments/HOA Fee Includes Heat, Water, Insurance, Security, Doorman, Lawn Care, Scavenger, Snow Removal
- Square Feet 0
- Listing Market Time 85
- Status Active
Rooms
- Total Rooms 4
- Number of Bedrooms 1
- Number of Bathrooms 1
-
Primary Bedroom
- Room Size 12X14
- Floor Level Main
- Primary Bathroom None
-
Living Room
- Room Size 12X14
- Floor Level Main
-
Dining Room
- Room Size 6X8
- Floor Level Main
-
Kitchen
- Room Size 10X8
- Floor Level Main
Additional Rooms
-
Laundry
- Room Size 12X24
- Floor Level Lower
Interior Features
-
Heating & Cooling
- Heating Type Natural Gas
- Air Conditioning Wall Unit(s)
Exterior Features
-
Parking
- # of Cars 1
Building Information
- Number of Units 360
- Age of Building 61-70 Years
-
Pets
- Pets Allowed? Additional Pet Rent, Cats OK, Deposit Required, Dogs OK
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property North On S. South Shore Drive, East On 74th Street
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District 299
-
Property Taxes
- Tax 1057
- Tax Year 2024
- Parcel Identification Number 21301140291288
Listed by Precious Credit for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/27/2026 7:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore South Shore
Historic parks and extensive beaches meet down-to-earth, affordable living in this beautiful south side Chicago neighborhood. South Shore is a sprawling community that encompasses expansive public recreation space and ambitious civic organizations. The neighborhood cultural center acts as a hub for outdoor amusement with lengthy walking trails, a bird sanctuary, all-ages sports programs, and waterfront grounds that offer breathtaking views of downtown Chicago. When night falls in the summer, movies and live music take place at the center, bringing neighbors and families together. A healthy retail corridor along 71st Street gives the area a cosmopolitan touch and the selection of down-home cooking available at the restaurants in South Shore is enough to satisfy any comfort food craving.
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