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.
Property Details
Price:
$69,999
MLS #:
MRD12684420
Status:
Active
Beds:
1
Baths:
1
Type:
Single Family
Neighborhood:
chisouthshore
Listed Date:
Jun 22, 2026
Finished Sq Ft:
800
See this Listing
Schools
School District:
299
Interior
Bathrooms
1 Full Bathroom
Cooling
Wall Unit(s)
Heating
Natural Gas
Laundry Features
Common Area
Exterior
Association Amenities
Door Person, Coin Laundry, Elevator in Residence, Exercise Room, Storage
Construction Materials
Brick
Parking Features
Yes, Leased
Parking Spots
1
Parking Total
1
Financial
HOA Fee
$596
HOA Fee Frequency
Monthly
HOA Includes
Heat, Water, Insurance, Security, Doorman, Lawn Care, Scavenger, Snow Removal
Tax Year
2024
Taxes
$1,057
Map
Community
- Address7337 S South Shore Drive #326 Chicago IL
- CityChicago
- CountyCook
- Zip Code60649
Market Summary
Current real estate data for Single Family in Chicago as of Oct 07, 2026
2,721
Single Family Listed
67
Avg DOM
239
Avg $ / SqFt
$563,896
Avg List Price
Property Summary
- 7337 S South Shore Drive #326 Chicago IL is a Single Family for sale in Chicago, IL, 60649. It is listed for $69,999 and features 1 beds, 1 baths, and has approximately 800 square feet of living space.The current price per square foot is $87. The average price per square foot for Single Family listings in Chicago is $239. The average listing price for Single Family in Chicago is $563,896.
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7337 S South Shore Drive #326
Chicago, IL


