$70,000
PENDING

7337 S South Shore Dr Unit 1227 Chicago, IL 60649

South Shore Neighborhood

Estimated payment $1,302/month

Total Views 8,536
2 Beds
1 Bath
1,000 Sq Ft
$70 Price per Sq Ft

Highlights

  • Doorman
  • Waterfront
  • Living Room
  • Fitness Center
  • Elevator
  • 2-minute walk to Ashe Beach Park

About This Home

Lake Terrace Condominiums bright and spacious 2-bedroom, 1-bath condo offering breathtaking lake and southeast city views. Featuring an open-concept living and dining area, the layout is perfect for entertaining or relaxing while soaking in the scenery. The kitchen was recently updated with modern white shaker cabinets. this unit is ideal investment opportunity, or for an owner-occupant looking to customize their home. Building amenities include: 24-hour door staff/security, Coin-operated laundry facilities, Fully equipped exercise room, On-site dry cleaners Convenience/grocery store, Prime location! Just minutes from the beach, Lake Shore Drive, South Shore Cultural Center, Jackson Park Golf Course, Metra station, and shopping. CASH deals preferred,Unit Sold As-Is.

Listing Agent

Andre Mitchell

Keller Williams ONEChicago License #475157028 Listed on: 06/02/2025

Keller Williams ONEChicago

Co-Listing Agent

William Smith

Keller Williams ONEChicago License #475209224

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $529

Year Built

  • Built in 1962

Lot Details

  • Waterfront

HOA Fees

  • $885 Monthly HOA Fees

Home Design

  • Entry on the 12th floor
  • Brick Exterior Construction

Interior Spaces

  • 1,000 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, insurance, doorman, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 365 Units
  • Mgmt Association, Phone Number (773) 768-2470
  • High-Rise Condominium
  • Property managed by Lake Terrace Condominiums
  • 13-Story Property

Amenities

  • Doorman
  • Coin Laundry
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets up to 15 lbs
  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$529

Year Built

Built in 1962

Lot Details

0

HOA Fees

$885 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • EntryLevel: 12
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 1962
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 13

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 1000
  • Room Type: No additional rooms
  • Stories Total: 13
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 70000
  • Waterfront: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 885
  • Association Amenities: Door Person, Coin Laundry, Elevator(s), Exercise Room
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Lake Terrace Condominiums
  • Management Contact Name: MGMT
  • Management Phone: 773-768-2470

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Doorman, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: U

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Max Pet Weight: 15

Tax Info

  • Tax Annual Amount: 529
  • Tax Year: 2023

Multi Family

  • Units in Building: 365

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $529 $7,779 $314 $7,465
2023 $514 $2,500 $524 $1,976
2022 $514 $2,500 $524 $1,976
2021 $503 $2,499 $523 $1,976
2020 $565 $2,538 $377 $2,161
2019 $564 $2,808 $377 $2,431
2018 $555 $2,808 $377 $2,431
2017 $514 $2,387 $335 $2,052
2016 $478 $2,387 $335 $2,052
2015 $530 $2,894 $335 $2,559
2014 $558 $3,009 $282 $2,727
2013 $665 $3,656 $282 $3,374
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $70,000 0.0% $70 / Sq Ft
07/01/2017 07/01/17 Rented $1,200 0.0% --
04/28/2017 04/28/17 Under Contract -- -- --
04/18/2017 04/18/17 For Rent $1,200 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $60,000 First American Title
Special Warranty Deed $30,000 Chicago Title
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $48,000 New Conventional
Previous Owner $25,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12361014

Midwest Real Estate Data (MRED)

APN: 21-30-114-029-1309