$82,000
$5K PRICE DROP

7337 S South Shore Dr Unit 515 Chicago, IL 60649

South Shore Neighborhood

Estimated payment $1,317/month

Total Views 138,537
2 Beds
1 Bath
1,000 Sq Ft
$82 Price per Sq Ft

Highlights

  • Doorman
  • Waterfront
  • Sauna
  • Fitness Center
  • Wood Flooring
  • 2-minute walk to Ashe Beach Park

About This Home

Welcome to Lake Terrace Condominiums! Bright and spacious 2 bedroom condo with gorgeous views of the Lake from every window! The kitchen looks out into the living room and dining room combo area, which has a spacious, open layout. New stainless-steel refrigerator and new oven/range, new laminate flooring in the 2nd bedroom and unit freshly painted. The adjacent 1 bedroom, Unit #514, is also on the market, presenting a unique opportunity to own 2 side-by-side residences with the possibility of combining them into one expansive 3 bedroom unit. Great unit for owner occupant or investor who wants to rent to a tenant. This unit also has rarely available garage parking spot for $85/month. The building amenities include 24/7 security with door staff, a large, coin operated laundry room, exercise room, dry cleaners and sundeck. Prime location which is very conveniently located within minutes of the beach, tennis courts, Lake Shore Drive, South Shore Cultural Center, Jackson Park Golf Course, future Obama Library, Metra train station, and #6 and#26 CTA Bus lines and shopping. Sold As-Is. CASH Deals preferred!

Listing Agent

Portia Hawkins

Phenomenal Properties Inc License #471019277 Listed on: 08/28/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $423

Year Built

  • Built in 1960

Lot Details

  • Waterfront

HOA Fees

  • $852 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 5th floor
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

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

Kitchen

  • Range
  • Stainless Steel Appliances

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Utilities

  • Baseboard Heating
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, insurance, security, doorman, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 364 Units
  • Jacques Whatley Association, Phone Number (773) 768-2470
  • Property managed by Lake Terrace Condo Association
  • 14-Story Property

Amenities

  • Doorman
  • Sauna
  • Coin Laundry
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$423

Year Built

Built in 1960

Lot Details

0

HOA Fees

$852 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 5
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1960
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • MRD_WaterViewYN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 14

Interior Features

  • Appliances: Range, Refrigerator, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 1000
  • Room Type: No additional rooms
  • Stories Total: 14
  • Estimated Total Finished Sq Ft: 0
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Vinyl

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 82000
  • View: Water
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage Door Opener, On Site, Leased, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Electric: Circuit Breakers
  • Heating: Baseboard
  • Laundry Features: Common Area
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 852
  • Association Amenities: Door Person, Coin Laundry, Elevator(s), Exercise Room, Sauna, Laundry
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Lake Terrace Condo Association
  • Management Contact Name: JacQues Whatley
  • Management Phone: 773-768-2470

Fee Information

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Lease Amount: 85
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 423
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 364

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 $423 $7,498 $303 $7,195
2023 $411 $2,000 $505 $1,495
2022 $411 $2,000 $505 $1,495
2021 $402 $1,999 $504 $1,495
2020 $545 $2,446 $363 $2,083
2019 $544 $2,706 $363 $2,343
2018 $535 $2,706 $363 $2,343
2017 $495 $2,300 $323 $1,977
2016 $461 $2,300 $323 $1,977
2015 $511 $2,790 $323 $2,467
2014 $538 $2,900 $272 $2,628
2013 $641 $3,524 $272 $3,252
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2025 09/16/25 Price Changed $82,000 -2.4% $82 / Sq Ft
09/08/2025 09/08/25 Price Changed $84,000 -3.4% $84 / Sq Ft
08/28/2025 08/28/25 For Sale $87,000 -- $87 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Deed -- Pntn
Deed $48,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $84,750 Unknown
Previous Owner $38,800 No Value Available
Source: Public Records

About the Listing Agent

Portia Hawkins

Phenomenal Properties Inc

(773) 974-8911

Section Image

Portia Hawkins is a highly respected real estate professional with over 25 years of experience. As the Managing Broker of Phenomenal Properties Inc., she leads a dedicated team that prioritizes client success and satisfaction at every step of the process. Based in the Chicago metropolitan area, Portia has deep knowledge of Chicago's South Side and Suburban communities, but is always willing to travel to meet her clients' needs. She specializes in residential real estate, with select expertise

Portia's Other Listings

  • 7337 S South Shore Dr Unit 514, Chicago, IL 60649

    $72,000 Pending

    • 1 Bed
    • 1 Bath
    • 850 Sq Ft
    • 7337 S South Shore Dr
    • Unit 514
    • Chicago, IL

    Welcome to Lake Terrace Condominiums! Large 1 bedroom condo with gorgeous views of the Lake! Well maintained unit with ample closet space for a 1 bedroom unit. Looking for more space? The adjacent 2 bedroom, Unit #515, is also on the market, presenting a unique opportunity to own 2 side-by-side residences with the possibility of combining them into one expansive 3 bedroom unit. Great potential

    Portia Hawkins Phenomenal Properties Inc

    Section Image
  • 7337 S South Shore Dr Unit 211, Chicago, IL 60649

    $55,000 Sold Mar 05, 2025

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • 7337 S South Shore Dr
    • Unit 211
    • Chicago, IL

    Cute and cozy, modern, lakefront condo at the Lake Terrace Condominiums! Spacious studio unit with gorgeous and expansive views of Lake Michigan. Prime location just steps away from 2 South Shore beaches and near South Shore Cultural Center and Golf Course, University of Chicago, Metra, public transportation, parks and Lake Shore Drive. This unit is updated throughout, with stainless steel

    Portia Hawkins Phenomenal Properties Inc

  • 6047 Elm Ln, Matteson, IL 60443

    $175,000 Sold Nov 13, 2024

    • 3 Beds
    • 1 Bath
    • 1,800 Sq Ft
    • 6047 Elm Ln
    • Matteson, IL

    3 bedroom, Quad-level house with 2 car attached garage on a quiet, tree-lined block in Matteson. Desirable residential area, offering a prime location for families or investors alike. Windows, central air conditioning unit, furance and hot water heater all replaced within the last 7 years. This property has immense potential for those looking to create their dream home or invest in a renovation

    Portia Hawkins Phenomenal Properties Inc

Source: Midwest Real Estate Data (MRED)

MLS Number: 12457537

Midwest Real Estate Data (MRED)

APN: 21-30-114-029-1160