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$59,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 2 Car Garage
  • Updated 12 days ago
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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

  • Price: $59,000
  • HOA FEE: $601/month
  • Taxes: $1,065 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12500186
  • Updated: 1/6/2026
  • Added to Site: 90 day(s) ago

Interior

  • Basement: None

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
  • Township: Hyde Park
  • Driving Directions: South Shore Drive N or S to 7337 S. Shore Drive

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High 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
  • Pets: Cats OK, Dogs OK
  • Pet Restrictions: Cats OK, Dogs OK, / NAlbs.
  • Mgmt. Company: Lake Terrace Condominiums]

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • 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

Animals

  • Animals Allowed: Cats OK, Dogs OK

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
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Property ID: 21301140291063

Listed by Blue Door Dave Inc

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Listing agent

— 7337 S South Shore Dr #406 —

  • Blue Door Dave Inc

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7337 S South Shore Dr #406 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
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
8.33%
MLS
1/08/2024
Sold
$60,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7337 S South Shore Dr #406

Year
Property Taxes
Change
Tax Assessment
Change
2023
$317
3%
$1,498
—
2022
$308
2%
$1,498
—
2021
$301
-22%
$1,498
-13%
2020
$384
—
$1,724
-10%
2019
$383
2%
$1,908
—
2018
$377
8%
$1,908
18%
2017
$349
7%
$1,621
—
2016
$325
-10%
$1,621
-18%
2015
$360
-5%
$1,966
-4%
2014
$379
-16%
$2,045
-18%
2013
$452
1%
$2,485
—
2012
$446
—
$2,485
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 7337 S South Shore Dr #406

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Blue Door Dave Inc

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7337 S South Shore Drive #406, Chicago, IL 60649 (MLS# 12500186) is a Condo property with 1 bedroom and 1 full bathroom. 7337 S South Shore Drive #406 is currently listed for $59,000 and was received on October 20, 2025. 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.

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