7337 S South Shore Drive Unit #326, Chicago, Illinois 60649
- $69,999
- 1
- BD
- 1
- Full Bath
- 800
- SqFt
- List Price
- $69,999
- Price Change
- ▼ $1 1788910010
- MLS#
- 12684420
- Status
- ACTIVE
- Type
- Condo
- Subtype
- Residential
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area
- 800
- County
- Cook
- City
- Chicago
- Neighborhood
- South Shore
- Days On Market
- 88
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.
Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2024
- Tax Amount
- $1,057
- Assessment Association Dues
- 596
- Frequency
- Monthly
- Lot Dimensions
- 602 x 182
- Stories
- 12
- Units
- 360
- Waterfront
- Yes
- Parking Spaces
- 1
- Parking Details
- Yes, Leased
- Pets Allowed
- Yes
- Pet Weight Limit
- 15
- Common Area Amenities
- Door Person, Coin Laundry, Elevator in Residence, Exercise Room, Storage
- Air Conditioning
- Wall Unit(s)
- Heating
- Natural Gas
- Sewer
- Public Sewer
- Full Baths
- 1
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