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The Whitmor Group

info@thewhitmorgroup.com +1(312) 798-9788

$ 69,999

Est. payment -/mo

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Active

7337 S South Shore DR #326 Chicago, IL 60649

1 Bed

1 Bath

800 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 800 sqft

Price per Sqft $87

MLS Listing ID 12684420

Bedrooms 1

Full Baths 1

HOA Fees $596/mo

Rental Info Yes

Annual Tax Amount $1,057

Tax Year 2024

Lot Dimensions 602 x 182

Property Sub-Type Condo

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.

Location

State IL

County Cook

Area Chi - South Shore

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Wall Unit(s)

Fireplace N

Laundry Common Area

Exterior

Amenities Available Door Person, Coin Laundry, Elevator in Residence, Exercise Room, Storage

Building

Dwelling Type Attached Single

Building Description Brick, No

Story 12

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

HOA Fee Include Heat,Water,Insurance,Security,Doorman,Lawn Care,Scavenger,Snow Removal

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Pets Allowed Additional Pet Rent, Cats OK, Deposit Required, Dogs OK

Listed by Precious Credit of Coldwell Banker Realty