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$52,500
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Property Description
Welcome to 7337 S South Shore Dr Unit 430, a 2-bedroom, 1-bathroom condo in the heart of Chicago's vibrant South Shore neighborhood. This incredible unit offers an unparalleled view of the majestic Lake Michigan, making it the perfect opportunity for those looking to create their dream home with a touch of personalization. Whether you're a handyman or looking for a property that qualifies for rehab financing, this condo is a true diamond in the rough, with the potential to be transformed into a stunning lakeside retreat. Upon entering, you'll be greeted by a spacious and bright living area, where large windows frame breathtaking views of the lake. Imagine waking up to the serene sight of the water every morning, or unwinding in the evening while watching the colors of the sunset reflect on the lake's surface. The living space flows effortlessly into the dining area, making it perfect for hosting guests or enjoying cozy dinners with a backdrop that's second to none. The two bedrooms are generously sized, offering plenty of space for rest and relaxation. The master bedroom also enjoys its own lake view, providing a private escape from the city's hustle and bustle. The second bedroom offers flexibility, whether you need an additional sleeping area, a home office, or a creative space. The full bathroom is conveniently located and ready for a modern update to suit your personal style. One of the standout features of this building is its magnificent terrace, which faces directly toward Lake Michigan. As a resident, you'll have access to this expansive outdoor space, perfect for soaking up the sun, enjoying fresh air, or simply taking in the sweeping views of the lake. Whether you're reading a book, enjoying a cup of coffee, or entertaining friends and family, the terrace provides a tranquil escape just steps from your door. While this condo is brimming with potential, it does require some updates and improvements to fully bring it to life. For those with a vision, this property presents an incredible opportunity to customize and renovate. Whether you plan to utilize rehab financing or prefer to tackle projects yourself, the foundation is solid, and the location is second to none. With your personal touch, this condo could easily be transformed into a chic and modern lakefront haven. Beyond the unit itself, the location offers unbeatable convenience. Situated along the lakefront, you're just steps away from the South Shore Cultural Center, the lakefront trail, and nearby beaches. Public transportation options are easily accessible, and you're just minutes away from downtown Chicago, offering the perfect balance of peaceful lakeside living and city convenience. Local dining, shopping, and entertainment options are all within reach, adding to the appeal of this sought-after neighborhood. Don't miss out on this rare opportunity to own a condo with stunning lake views, a prime location, and endless possibilities. Whether you're an investor looking for a great project or a buyer ready to create your dream home, this unit at 7337 S South Shore Dr is full of potential. Schedule your showing today and start imagining the beautiful transformation that awaits at this lakeside gem.
Full Property Details
Full Property Details for 7337 S South Shore Dr #430
General
- Sold For: $52,500
- HOA FEE: $677/month
- Taxes: $411 (2022)
- Status: Closed
- Type: Condo /Townhouse
- Source: MRED
- MLS ID: 12149121
- Added to Site: 507 day(s) ago
Interior
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathroom Features: Whirlpool
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, On-Site Manager/Engineer, Party Room, Sundeck, Receiving Room, Service Elevator(s)
Parking
- Parking Features: Asphalt
Location
- Area: CHI - South Shore
- County: Cook
- Subdivision: Lake Terrace Condominiums
- Driving Directions: Take South Shore Dr from either North or South to the Lake Terrace building
School Information
- School District: 299
- Midd School District: 299
Community
- Assoc. Fees Include: Heat, Water, Gas, Insurance, Doorman, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- Pets Allowed: Yes
- Pet Restrictions: Cats OK, Dogs OK, / 15lbs.
- Mgmt. Company: First Residential Services
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Baseboard, Radiant
Utilities
- Water: Lake Michigan
Structural Information
- Structure Type: High-Rise (7 or More Stories)
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Sub-Flooring: Laminate
- Entry Floor Number: 4
- Stories/Levels: 14
- Square Feet: 933
- Sq. Ft. Source: Plans
- Year Built: 1964
- Built Before 1978: Yes
Unit Information
- Units in Building: 364
Lot Features
- Lot Dimensions: COMMON
- Lot Features: Landscaped
Water Features
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- Association Fee: $677
- Assoc Fee Freq.: Monthly
- Assessment Year: 1964
- Tax Amount: $411
- Tax Year: 2022
Disclosures and Reports
- Ownership: Condo
- Special Conditions: REO/Lender Owned
- Property ID: 21301140291338
Listed by eXp Realty
Sold by Alexander & Associates Realty Group
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Schools
Schools serving 7337 S South Shore Dr #430
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Powell Elementary Paideia Community Academy 7511 South South Shore Drive, Chicago, IL 60649 | K-8 | 0.2 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 1.9 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 #430
Date
Details
Price
Change
Source
10/10/2025
Sold
$52,500
-12.5%
MLS
7/23/2025
Price Reduced
$60,000
-7.69%
MLS
6/06/2025
Price Reduced
$65,000
-7.14%
MLS
4/02/2025
Price Reduced
$70,000
-12.5%
MLS
1/29/2025
Price Reduced
$80,000
-5.77%
MLS
8/27/2024
Listed
$84,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7337 S South Shore Drive #430, Chicago, IL 60649 (MLS# 12149121) is a Condo / Townhouse property that was sold at $52,500 on October 10, 2025. Want to learn more about 7337 S South Shore Drive #430? Do you have questions about finding other Condo / Townhouse 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.

