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$55,000

  • Sold
  • Closed
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 2 Car Garage
See This Home
Save This Home
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Experience the best of lakefront living at Lake Terrace Condominiums! This spacious one-bedroom residence offers modern comfort, abundant natural light, and unbeatable views just steps from Lake Michigan. The unit is currently tenant-occupied, providing an excellent opportunity for investors seeking immediate rental income. Perfect for both homeowners and investors, the unit is located in a well-maintained, investor-friendly building. Enjoy premium amenities including 24-hour door staff and security, a fitness center, event space with panoramic lake views, laundry facilities, and on-site cleaning services. Ideally situated near the Obama Presidential Library, South Shore Cultural Center, and scenic parks and Lake Michigan beaches, this condo offers easy access to dining, transit, and recreation. Discover exceptional value and convenience in one of Chicago's fastest-growing neighborhoods. Schedule your private showing today-motivated seller!

Full Property Details for 7337 S South Shore Dr #406

General

  • Sold For: $55,000
  • HOA FEE: $601/month
  • Taxes: $1,065 (2024)
  • Status: Closed
  • Type: Condo
  • Source: MRED
  • MLS ID: 12500186
  • Added to Site: 168 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Shared Amenities: Boat Dock, Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, On-Site Manager/Engineer, Party Room, Service Elevator(s), Valet/Cleaner

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 4
  • Parking Features: Yes, Other, Attached, Garage

Location

  • Area: CHI - South Shore
  • County: Cook
  • Driving Directions: South Shore Drive N or S to 7337 S. Shore Drive

School Information

  • School District: 299
  • Midd School District: 299

Community

  • Assoc. Fees Include: Heat, Water, Taxes, Insurance, Security, Doorman, Clubhouse, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Lake Rights
  • Pets Allowed: Yes
  • Pet Restrictions: Cats OK, Dogs OK, / NAlbs.
  • Mgmt. Company: Lake Terrace Condominiums]

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Individual Controls

Utilities

  • Water: Public

Structural Information

  • Structure Type: Condo
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Entry Floor Number: 4
  • Stories/Levels: 13
  • Sq. Ft. Source: Not Reported
  • Year Built: 1960
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 365

Lot Features

  • Lot Dimensions: Common

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front View: Back of Property

Financial Considerations

  • Association Fee: $601
  • Assoc Fee Freq.: Monthly
  • Assessment Year: 1960
  • Tax Amount: $1,065.52
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Condo
  • Property ID: 21301140291063

Listed by Blue Door Dave Inc
Sold by Coldwell Banker Realty

Listing agent

— 7337 S South Shore Dr #406 —

  • Blue Door Dave Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7337 S South Shore Dr #406

School District:Chicago Public School District 299
NameGradesDistance
Powell Elementary Paideia Community Academy
7511 South South Shore Drive, Chicago, IL 60649
K-80.2 mi
Chicago Vocational Career Academy High School
2100 East 87th Street, Chicago, IL 60617
9-111.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7337 S South Shore Dr #406

Date
Details
Price
Change
Source
3/09/2026
Sold
$55,000
-3.51%
MLS
2/10/2026
Price Reduced
$57,000
-3.39%
MLS
12/31/2025
Price Reduced
$59,000
-6.35%
MLS
11/14/2025
Price Reduced
$63,000
-3.08%
MLS
10/20/2025
Listed
$65,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Blue Door Dave Inc
Sold by Coldwell Banker Realty

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7337 S South Shore Drive #406, Chicago, IL 60649 (MLS# 12500186) is a Condo property that was sold at $55,000 on March 09, 2026. Want to learn more about 7337 S South Shore Drive #406? Do you have questions about finding other Condo real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.