HeaderIcon
  1. Agent Logo

Explore by Metro

  • Atlanta
  • Baltimore
  • Boston
  • Bronx
  • Brooklyn
  • Chicago
  • Los Angeles
  • Manhattan
  • Miami
  • Nashville
  • Orlando
  • Philadelphia
  • Phoenix
  • Queens
  • San Diego
  • San Jose
  • Tampa
  • Washington
HeaderIcon

Explore by Metro

  • Atlanta
  • Baltimore
  • Boston
  • Bronx
  • Brooklyn
  • Chicago
  • Los Angeles
  • Manhattan
  • Miami
  • Nashville
  • Orlando
  • Philadelphia
  • Phoenix
  • Queens
  • San Diego
  • San Jose
  • Tampa
  • Washington
leftArrowBack to Search
  1. Home
  2. /
  3. Chicago, IL
  4. /
  5. Lake Terrace
Add to favoritesAdd to favorites (hover)
Save
leftArrow
Add to favoritesAdd to favorites (hover)

Lake Terrace

7337 S South Shore Drive, Chicago, IL, 60649

YEAR BUILT

# STORIES

# TOTAL UNITS

271

UNIT SIZE RANGE

1,450-1,550 sqft

Description

Lake Terrace is located at 7337 S South Shore Drive in Chicago. This building stands as a low-rise structure with 4 stories, accommodating a total of 271 units. Each unit offers a spacious layout, with sizes ranging from 1,450 to 1,550 square feet. Units in the building have both 1 and 2 bedrooms. The price range for these units starts around $88,900 and goes up to $111,000. The average price per square foot from recent sales is about $80, making living here relatively affordable. Many residents enjoy the waterfront views this building provides. Access to local amenities includes valet services, a health club, and even a sauna. A party room and tennis courts enhance the community spirit among residents. This location has a lot to offer. Residents can easily reach National Mart Inc and Remi Mini Mart for shopping needs. For dining, Rainbow Beach Food and Cell is close by, providing options for meals. On average, homes in this building stay on the market for 139 days. This timeframe gives buyers a nice window to consider options. The nearby roads make traveling simple and efficient, providing easy access to the city. Living at Lake Terrace allows for a comfortable lifestyle with plenty of amenities. The community is inviting, and the views are a delightful bonus. With the nearby waterfront, it perfectly suits those seeking a balance of city life and nature.

Building ImageMLS ID #12535116
Building ImageMLS ID #12535116
Building Image
Building ImageView Listing

Lake Terrace

7337 S South Shore Drive, Chicago, IL, 60649

YEAR BUILT

# STORIES

# TOTAL UNITS

271

UNIT SIZE RANGE

1,450-1,550 sqft

Description

Lake Terrace is located at 7337 S South Shore Drive in Chicago. This building stands as a low-rise structure with 4 stories, accommodating a total of 271 units. Each unit offers a spacious layout, with sizes ranging from 1,450 to 1,550 square feet. Units in the building have both 1 and 2 bedrooms. The price range for these units starts around $88,900 and goes up to $111,000. The average price per square foot from recent sales is about $80, making living here relatively affordable. Many residents enjoy the waterfront views this building provides. Access to local amenities includes valet services, a health club, and even a sauna. A party room and tennis courts enhance the community spirit among residents. This location has a lot to offer. Residents can easily reach National Mart Inc and Remi Mini Mart for shopping needs. For dining, Rainbow Beach Food and Cell is close by, providing options for meals. On average, homes in this building stay on the market for 139 days. This timeframe gives buyers a nice window to consider options. The nearby roads make traveling simple and efficient, providing easy access to the city. Living at Lake Terrace allows for a comfortable lifestyle with plenty of amenities. The community is inviting, and the views are a delightful bonus. With the nearby waterfront, it perfectly suits those seeking a balance of city life and nature.

Next

Description

Lake Terrace is located at 7337 S South Shore Drive in Chicago. This building stands as a low-rise structure with 4 stories, accommodating a total of 271 units. Each unit offers a spacious layout, with sizes ranging from 1,450 to 1,550 square feet. Units in the building have both 1 and 2 bedrooms. The price range for these units starts around $88,900 and goes up to $111,000. The average price per square foot from recent sales is about $80, making living here relatively affordable. Many residents enjoy the waterfront views this building provides. Access to local amenities includes valet services, a health club, and even a sauna. A party room and tennis courts enhance the community spirit among residents. This location has a lot to offer. Residents can easily reach National Mart Inc and Remi Mini Mart for shopping needs. For dining, Rainbow Beach Food and Cell is close by, providing options for meals. On average, homes in this building stay on the market for 139 days. This timeframe gives buyers a nice window to consider options. The nearby roads make traveling simple and efficient, providing easy access to the city. Living at Lake Terrace allows for a comfortable lifestyle with plenty of amenities. The community is inviting, and the views are a delightful bonus. With the nearby waterfront, it perfectly suits those seeking a balance of city life and nature.

Lake Terrace Market Stats Last 12 months

Avg. Listed Price$63,112($89/Sqft.)
Avg. Sale Price$58,819($80/Sqft.)
Year over year list priceUp Arrow2.14%
Year over year sale priceDown Arrow 2.59%
Total Listings9 Listed
Total sold11 Sold
Average Days on Market139 days
Average HOA fees per sqft$2 /monthly
Next

Market Stats

Year over year list priceUp Arrow2.14%
Year over year sale priceDown Arrow2.59%
Total Listings9 Listed
Total sold11 Sold
Average Days on Market139 days
Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Lake Terrace Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 1005100570021442007-10-26
MLS#: 06670955 		Closed$80,000
Unit 4304301500213512007-10-10
MLS#: 06321426 		Closed$111,000
Unit 930930-211562007-07-11
MLS#: 06402296 		Closed$82,000
Unit 1005
1005

2 Beds

1 Baths

700 sqft

DateStatusPrice
2007-10-26Closed$80,000
MLS#: 06670955
Days On Market44
Unit 430
430

2 Beds

1 Baths

1500 sqft

DateStatusPrice
2007-10-10Closed$111,000
MLS#: 06321426
Days On Market351
Unit 930
930

2 Beds

1 Baths

0 sqft

DateStatusPrice
2007-07-11Closed$82,000
MLS#: 06402296
Days On Market156
View Complete Unit Listing HistorySource By: MRED

Amenities

Living in Lake Terrace isn’t just about the spacious units; it’s also about the great amenities that enhance your lifestyle. Whether you want to break a sweat in the exercise room, challenge a friend on the tennis courts, or just unwind in the steam room or sauna, there's something here for everyone. Picture inviting friends over for a gathering in the party room or enjoying a sunny day on the sundeck. With services like valet and cleaners, your life here can feel a bit more luxurious—perfect for busy first-time buyers!

Next

Amenities Description

Living in Lake Terrace isn’t just about the spacious units; it’s also about the great amenities that enhance your lifestyle. Whether you want to break a sweat in the exercise room, challenge a friend on the tennis courts, or just unwind in the steam room or sauna, there's something here for everyone. Picture inviting friends over for a gathering in the party room or enjoying a sunny day on the sundeck. With services like valet and cleaners, your life here can feel a bit more luxurious—perfect for busy first-time buyers!

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

Door Person

Door Person

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Tennis Court(s)

Tennis Court(s)

Sundeck

Sundeck

Steam Room

Steam Room

Sauna

Sauna

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Valet

Valet

Policies

Planning on bringing along your furry friend? Lake Terrace welcomes both cats and dogs, so there’s no need to leave your pets behind. Just be sure to keep an eye on that size limit, which ensures comfort for both your pet and your neighbors.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Lake Terrace$80/sqft.$2 /sqft.
7337 S South Shore Dr$81/sqft.$2 /sqft.
7363 S South Shore Drive$55/sqft.$4 /sqft.
7363 S South Shore Dr$60/sqft.$4 /sqft.
7355 S South Shore Dr$54/sqft.$3 /sqft.
7321 S South Shore Drive$115/sqft.$2 /sqft.

Nearby Schools

Situated in South Shore, Lake Terrace is surrounded by schools within a 2-mile radius. Nearby educational options simplify school commutes and daily schedules. Families enjoy improved convenience and accessibility. This well-connected area supports long-term residential living.

Powell Paideia Community Academy Elementary School

C-
Public|Grades KG–8
7511 S South Shore...|0.25 miles away

Excel Academy - Woodlawn High School

--
Public|Grades 9–12
7530 S South Shore...|0.29 miles away

South Central Community Services - South Shore

--
Private|Grades 9–12
7550 S Phillips Av...|0.53 miles away

Bradwell Communications Arts and Sciences Elementary School

D-
Public|Grades KG–8
7736 S Burnham Ave|0.61 miles away

O'Keefe Elementary School

D-
Public|Grades KG–8
6940 S Merrill Ave|0.83 miles away

Camelot Safe Academy School

--
Public|Grades 4–12
7877 S Coles Ave|0.88 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Situated in South Shore, Lake Terrace is surrounded by schools within a 2-mile radius. Nearby educational options simplify school commutes and daily schedules. Families enjoy improved convenience and accessibility. This well-connected area supports long-term residential living.

Powell Paideia Community Academy Elementary School

C-
Public|Grades KG–8
7511 S South Shore...|Less than 1 Mile Away

Excel Academy - Woodlawn High School

--
Public|Grades 9–12
7530 S South Shore...|Less than 1 Mile Away

South Central Community Services - South Shore

--
Private|Grades 9–12
7550 S Phillips Av...|Less than 1 Mile Away

Bradwell Communications Arts and Sciences Elementary School

D-
Public|Grades KG–8
7736 S Burnham Ave|Less than 1 Mile Away

O'Keefe Elementary School

D-
Public|Grades KG–8
6940 S Merrill Ave|Less than 1 Mile Away

Camelot Safe Academy School

--
Public|Grades 4–12
7877 S Coles Ave|Less than 1 Mile Away

Bouchet Math and Science Academy Elementary School

D-
Public|Grades KG–8
7355 S Jeffery Blv...|Less than 1 Mile Away

South Shore International College Prep High School

B-
Public|Grades 12–12
1955 E 75th St|1.01 Miles Away

Stair Step Villa Nursery & Kindergarten

--
Private|Grades PK–5
6725 S Jeffery Blv...|1.10 Miles Away

Art in Motion Charter School

--
Public|Grades 7–9
7415 S East End Av...|1.27 Miles Away

Parkside Elementary Community Academy

C-
Public|Grades PK–8
6938 S East End Av...|1.32 Miles Away

Mann Elementary School

D
Public|Grades PK–8
8050 S Chappel Ave|1.32 Miles Away

Wee Care Nursery School

--
Private|Grades PK–KG
1845 E 79th St|1.34 Miles Away

Epic Academy High School

D
Public|Grades 9–12
8255 S Houston Ave|1.36 Miles Away

Ninos Heroes Elementary Academic Center

D
Public|Grades PK–8
8344 S Commercial ...|1.36 Miles Away

Great Lakes Academy Charter Elementary School

B
Public|Grades KG–8
8401 S Saginaw Ave|1.45 Miles Away

Coles Elementary Language Academy

D
Public|Grades KG–8
8441 S Yates Blvd|1.56 Miles Away

New Sullivan Elementary School

C
Public|Grades KG–8
8331 S Mackinaw Av...|1.58 Miles Away

Yccs-Sullivan House Alternative High School

--
Public|Grades 9–12
8164 S South Chica...|1.58 Miles Away

Madison Elementary School

D-
Public|Grades KG–8
7433 S Dorchester ...|1.66 Miles Away

South Shore Fine Arts Elementary School

C
Public|Grades PK–8
1415 E 70th St|1.66 Miles Away

St Paul Lutheran School

--
Private|Grades PK–8
7621 S Dorchester ...|1.70 Miles Away

Chicago Vocational Career Academy High School

F
Public|Grades 9–11
2100 E 87th St|1.92 Miles Away

Mount Carmel High School

--
Private|Grades 9–12
6410 S Dante Ave|1.93 Miles Away

Hyde Park Academy High School

D+
Public|Grades 9–12
6220 S Stony Islan...|1.96 Miles Away

Woodlawn Elementary Community School

B-
Public|Grades PK–6
6657 S Kimbark Ave|1.97 Miles Away

Avalon Park Elementary School

D-
Public|Grades PK–8
8045 S Kenwood Ave|1.97 Miles Away

Transit

Lake Terrace is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Chicago. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

63rd Street Beach

1.43 miles away|28 min walk

63rd Street & Blackstone

1.97 miles away|38 min walk

63rd Street & Stony Island

1.87 miles away|36 min walk

64th Street & Blackstone

1.88 miles away|37 min walk

67th Street & Bennett

1.26 miles away|25 min walk

67th Street & Blackstone

1.7 miles away|33 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Lake Terrace is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Chicago. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

63rd Street Beach

1.43 miles away|28 min walk

63rd Street & Blackstone

1.97 miles away|38 min walk

63rd Street & Stony Island

1.87 miles away|36 min walk

64th Street & Blackstone

1.88 miles away|37 min walk

67th Street & Bennett

1.26 miles away|25 min walk

67th Street & Blackstone

1.7 miles away|33 min walk

67th Street & Chappel

1.1 miles away|22 min walk

67th Street & Clyde

1.06 miles away|21 min walk

67th Street & Cornell

1.53 miles away|30 min walk

67th Street & Cornell Drive

1.55 miles away|30 min walk

67th Street & Crandon

0.91 miles away|18 min walk

67th Street & Cregier

1.36 miles away|27 min walk

67th Street & Dorchester

1.83 miles away|36 min walk

67th Street & East End

1.47 miles away|29 min walk

67th Street & Jeffery

1.15 miles away|22 min walk

67th Street & Kenwood

1.89 miles away|37 min walk

67th Street & Kimbark

1.97 miles away|38 min walk

67th Street & Oglesby

0.86 miles away|17 min walk

67th Street & Oglesby Terminal

0.85 miles away|17 min walk

67th Street & Paxton

0.96 miles away|19 min walk

67th Street & South Shore

0.82 miles away|16 min walk

67th Street & Stony Island

1.59 miles away|31 min walk

71st Street & Blackstone

1.56 miles away|30 min walk

71st Street & Clyde

0.8 miles away|16 min walk

71st Street & Constance

1.16 miles away|23 min walk

71st Street & Cornell

1.33 miles away|26 min walk

71st Street & Crandon

0.54 miles away|11 min walk

71st Street & Cregier

1.17 miles away|23 min walk

71st Street & Dante

1.59 miles away|31 min walk

71st Street & Dorchester

1.67 miles away|32 min walk

71st Street & East End

1.31 miles away|26 min walk

71st Street & Euclid

1.03 miles away|20 min walk

71st Street & Jeffery

0.89 miles away|18 min walk

71st Street & Paxton

0.68 miles away|13 min walk

71st Street & Stony Island

1.4 miles away|27 min walk

71st Street & Woodlawn

1.91 miles away|37 min walk

71st Street & Yates

0.44 miles away|9 min walk

73rd Street & Exchange

0.27 miles away|6 min walk

73rd Street & Yates

0.4 miles away|8 min walk

75th St. (Grand Crossing)

1.92 miles away|37 min walk

75th Street & Bennett

1.11 miles away|22 min walk

75th Street & Blackstone

1.56 miles away|30 min walk

75th Street & Clyde

0.83 miles away|16 min walk

75th Street & Coles

0.24 miles away|5 min walk

75th Street & Colfax

0.33 miles away|7 min walk

75th Street & Constance

1.13 miles away|22 min walk

75th Street & Crandon

0.6 miles away|12 min walk

75th Street & Cregier

1.19 miles away|23 min walk

75th Street & Dorchester

1.7 miles away|33 min walk

75th Street & East End

1.31 miles away|26 min walk

The Neighbourhood: South Shore

South Shore, nestled along the beautiful shores of Lake Michigan in Cook County, IL, offers a vibrant community rich with history and cultural diversity. The neighborhood boasts scenic views and numerous parks, including the expansive South Shore Cultural Center. Families and individuals alike enjoy a variety of dining options and local shops, enriching the area’s appeal. South Shore is well-connected by public transportation, ensuring easy commutes to downtown Chicago and beyond. Whether you seek outdoor adventures or cultural experiences, South Shore provides a welcoming environment for all.

Next

Neighbourhood Description

South Shore, nestled along the beautiful shores of Lake Michigan in Cook County, IL, offers a vibrant community rich with history and cultural diversity. The neighborhood boasts scenic views and numerous parks, including the expansive South Shore Cultural Center. Families and individuals alike enjoy a variety of dining options and local shops, enriching the area’s appeal. South Shore is well-connected by public transportation, ensuring easy commutes to downtown Chicago and beyond. Whether you seek outdoor adventures or cultural experiences, South Shore provides a welcoming environment for all.

Similar Buildings Nearby

Add to favoritesAdd to favorites (hover)
3017 E 78th Street
3017 E 78th Street, Chicago, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
Parkland
6701 S Crandon Avenue, Chicago, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
6701 S Crandon Ave
6701 S Crandon Ave Unit 9b, Chicago, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
2231 E 67th St
2231 E 67th St, Chicago, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
3017 E 78th Street
3017 E 78th Street, Chicago, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
Parkland
6701 S Crandon Avenue, Chicago, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
6701 S Crandon Ave
6701 S Crandon Ave Unit 9b, Chicago, IL
Click to see listings
View All Similar Buildings

Lake Terrace Demographics

Age Demographics

0–14 Years

18.43%

15–29 Years

19.14%

30–44 Years

21.84%

45–59 Years

17.92%

60+ Years

22.68%

Commute

33.63%

Transit

2.56%

Walk

54.57%

Drive

0.02%

Bike

Housing Ownership

24.96%

Owner Occupied

75.04%

Rental Units

Household Types

Single Family
15.97%
Multi Family
5.74%
Single Person
55.74%
Multi Person
44.26%

Average Income

Household:$3,549,300.26 /yr

Individual:$2,753,735.28 /yr

Education

Bachelors Degree15.01%
High School College24.75%
Diploma9.44%
Post Graduate10.95%
Others39.84%
Next

Education

Diploma9.44%
Post Graduate10.95%
Others39.84%
Get the HelloCondo Newsletter
Real-estate tips, insights, and market reports in your inbox.
Newsletter
  1. Home
  2. /Chicago, IL
  3. /
    Lake Terrace
Nearby Cities
Genoa
Buildings
2666 E 73rd St
2772 E 75th
2860 E 76th St
2860 E 76th Street
7213 S Yates Blvd
7213 S Yates Boulevard
7240 S South Shore Dr
7240 S South Shore Drive
7321 S South Shore Dr
7321 S South Shore Drive
7337 S South Shore Dr
7355 S South Shore Dr
7355 South Shore Drive Condomi...
7363 S South Shore Dr
7363 S South Shore Drive
7400 S Coles
7558 S Essex Street
7601 S Essex
Lake Terrace
South Shore
Neighborhoods
Archer HeightsBelmont CraginBig Woods Marmion
BlackhawkBronzevilleCity CenterDundeeEvergreen TerraceGarfield ParkGarnseyHermosaHumboldt ParkIndian CreekLakewood FallsLoopMontclareNorth CenterReedswoodRidgewoodSouth Farnsworth
ZIP Codes
600086001060020
6002660040600876012660143601696017460181601946019960429605166052560540605436063860803
Community
1047 - 1059 East Hyde Park Condominiums1116 - 18 East 46th Street Condominiums1325 - 1325 East 52nd Street Condominiums
1350 - 1364 East Madison Park Condominiums1400 - 1412 East 56th Street Condominiums1407 East 71st Place Condominiums1463 East 56th Street Condominiums1517 - 1519 East Marquette Condominiums56th & Kimbark Avenue Condominiums5844 - 42 South Harper Condominiums7935 South State Street Condominiums8024 - 8026 South Michigan CondominiumsCanal TrusteesCanaryvilleChatham Grove CondominiumsCourtyard Park CondominiumsCrandominium on the LakeCrandon Hall CondominiumsCullerton Station CondominiumsDearborn Village Condominiums
HelloCondo Logo
HelloCondo Logo
HelloCondo Is The #1 Condo Search Platform And Real Estate Recommendation Engine. Search, Find And Buy The Perfect Condo And Get Matched With The Best Agents. Finding A Condo Has Never Been So Easy.

HelloCondo is a division of HelloCasa, LLC

FacebookIconInstagramIconXIconRedditIcon

HelloCondo

Find A RealtorTerms of UsePrivacy PolicyCalifornia Privacy NoticeAccessibility PolicyCCPA Notice on CollectionDMCABrowseNYS Standard Operating ProcedureNYS Fair Housing Notice

Contact

LocationIcon
300 Galleria Pkwy SE, Suite 1500,
Atlanta, GA 30339
PhoneICon
(855) 625-0319
EmailIConhello@hellocondo.com
Contact Us

For Sale

Condos for saleTownhomes for sale
AgentIcon
LocationIcon

Berkshire Hathaway Starck Real Estate

Paul Ambrogio

Serving Chicago and all of Northern IL

13300 IL RT 47

Huntley, Illinois 60142

PhoneICon847-668-3774
EmailIConpaul@illinoispropertysearch.com
© HelloCondo 2026. All Rights Reserved.