7337 S South Shore Drive 326, Chicago, IL 60649

• 1 bed |
• 1 bath |
• 800 sqft

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.

Listing Status:

Active

Data Last Updated:

September 23, 2026 at 12:17AM

Listing Office:

Coldwell Banker Realty : 219-865-9911

Listing Agent:

Precious Credit : 708-855-6104

MLS ID:

12684420

Interior

• Rooms: No additional rooms
• Laundry: Common Area
• Basement: None
• A/C: Wall Unit(s)
• Heating: Natural Gas
• Disability Feature: None

Exterior

• Parking: YesLeasedParking spaces: 1

Location

• HOA Amenities: Door PersonCoin LaundryElevator in ResidenceExercise RoomStorageHeatWaterInsuranceSecurityDoormanLawn CareScavengerSnow Removal596.0Monthly
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 21301140291288

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple