7337 S South Shore Drive 326, Chicago, IL

$69,999

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1

Bed

1

Bath

800

Square feet

About 7337 S South Shore Drive 326

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.

Features of 7337 S South Shore Drive 326

MLS® # 12684420
Price $69,999
Bedrooms 1
Bathrooms 1.00
Full Baths 1
Square Footage 800
Type Residential
Sub-Type Attached Single
Status Active

Community Information

Address 7337 S South Shore Drive 326
Area CHI - South Shore
City Chicago
County Cook
State IL
Zip Code 60649

Amenities

Amenities Door Person, Coin Laundry, Elevator in Residence, Exercise Room, Storage
Parking Spaces 1
Parking Yes, Leased
Is Waterfront Yes
Has Pool No

Interior

Heating Natural Gas
Cooling Wall Unit(s)
Fireplace No
# of Stories 12
Has Basement No
Basement None

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 85
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 596
HOA Fees Freq. Monthly

Listing Details

OfficeColdwell Banker Realty

Listing Map

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