For Sale: 7337 S South Shore Drive #326, Chicago, IL 60649. 1-bedroom 1-bath, 800 sf, 0 SOUTH SHORE $69,999 begin new search
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Overview

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.

Address 7337 S South Shore Drive

Unit# 326


Chicago, IL 60649
Listing Status ACTIVE
Asking Price $69,999
On Market Date $70,000 @ Jun 22, 2026
Original Entry Jun 22, 2026
Rooms
No additional rooms
Square Footage 800 sf
Bedrooms 1
Full Bathrooms 1
Location
Directions North on S. South Shore Drive, East on 74th Street
Neighborhood SOUTH SHORE
School District Not Listed
Ownership
Property Type Fee Simple
Assessment $596
HOA Amenities Door Person, Coin Laundry, Elevator in Residence, Exercise Room, Storage
Listing History
Timeline Notes
Sep 8, 2026Price reduced to $69,999 #MRD12684420
Jun 22, 2026Listed for $70,000 #MRD12684420
Public Records
County Cook
Tax PIN 21301140291288
Property Tax $1,057 for the year 2024
Lake Michigan Distance 0.8 miles
Exterior
Style Attached Single
Material Not Listed
Lot Size 602 x 182
Fencing Not Listed
Topography Not Listed
Entry Steps 3
Swimming Pool Not Listed
Parking
Yes
Leased
Total Spaces: 1
Garage Spaces: 0
Non-Garage Spaces: 0 -
View Not Listed
Features
Year Built 0
Laundry Location Common Area
Elevator Not Listed
Cooling Wall Unit(s)
Heating Natural Gas
Sewer/Septic Public Sewer
Fireplaces Not Listed
Additional Parcels No
Appliances No
Assessments No
Association No
Association Fee 2 0
Association Fee Frequency Monthly
Attached Garage No
Basement None
Below Grade Finished Area 0
Carport Spaces 0
Cooling No
Heating No
High School District 299
Land Lease No
Laundry No
Living Area Source Estimated
Main Level Bathrooms 0
Main Level Bedrooms 0
New Construction No
Number Of Units Total 0
Number Remotes 0
Parking No
Patio No
Pool Private No
Property Attached No
Sprinklers No
View No
Well Depth 0
Well Gallons Per Minute 0
Well Pump Horsepower 0
Well Report No
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12684420
Courtesy of Coldwell Banker Realty