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Lake Terrace

7337 S South Shore Drive, Chicago, IL, 60649

0 Units for Sale

View Listing

MLS ID #12453610

View Listing MLS ID #12453610

View Listing MLS ID #12444248

Year Built

# Stories

# Total Units

271

Unit Size Range

1,450-1,550 sqft

Unit Demand

Low

Unit Availability

Low

About Lake Terrace

Lake Terrace, located at 7337 S South Shore Drive in Chicago, IL, boasts a prime waterfront setting, offering residents serene views of Lake Michigan. This residential building stands out with its distinctive architectural design and proximity to natural landscapes, making it a desirable choice for those seeking a balance between urban living and nature. The property features various unit layouts, catering to diverse living accommodations to meet different needs. Residents at Lake Terrace benefit from several amenities designed to enhance comfort and convenience. These include a well-equipped fitness center and a welcoming communal lounge, creating spaces for relaxation and social interaction. The building's strategic location allows easy access to public transportation, providing connections to the bustling city center and surrounding areas. Surrounding Lake Terrace, the environment is enriched with recreational avenues and open green spaces, ideal for outdoor activities and leisure walks along the lakefront trail. The neighborhood enjoys a selection of local dining options, retail establishments, and cultural attractions. The proximity to the waterfront enhances the lifestyle offerings, providing residents with scenic beauty and tranquility right at their doorstep. Overall, Lake Terrace combines architectural elegance with practical living, making it a notable residential development in Chicago.

View Listing

MLS ID #12453610

View Listing MLS ID #12453610

View Listing MLS ID #12444248

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!

Parking

Locker

Concierge

Elevator

Central AC

Pool

Fitness Center

Visitors Parking

Building 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.

Pets Allowed

Short-term Rental Allowed

BBQ Permitted

Sublet Allowed

Lake Terrace Market Report (last 12 months)

Avg. List Price

$65,200 ($89/Sqft.)

Year-Over-Year List Price

8.85%

Total Listings

Avg. Days On Market

Avg. Sale Price

$58,500 ($83/Sqft.)

Year-Over-Year Sale Price

5.35%

Total Sold

Avg. HOA Fees/Sqft

$2 /monthly

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Living in Lake Terrace

Condo Living at Lake Terrace, located at 7337 S SOUTH SHORE DRIVE,CHICAGO,IL:

If you're a first-time homebuyer, the excitement of finding that perfect place can be a mix of joy and a bit of nervousness. Welcome to Lake Terrace, a condo building that offers a unique blend of comfort and convenience in the heart of Chicago. This welcoming community features 271 units, ideal for those starting their journey in homeownership. With sizes ranging from 1,450 to 1,550 square feet, there’s ample space for you to create your dream haven.

Building Features and Unit Availability:

While specific details about the building's history might remain a mystery, Lake Terrace has its own standout characteristics. Currently, unit availability is low, which means if you find something you like, it might be wise to act fast! The quiet demand level can be a good thing; it means less competition when you decide to make an offer. Prices average around $59,167, which breaks down to about $79 per square foot. For first-time buyers, this can represent an affordable entry point into the real estate market.

Life at Lake Terrace:

Life at Lake Terrace is vibrant and interconnected, making it a fun place for first-time homeowners. Just a step outside your door, you'll find a friendly neighborhood atmosphere that makes it easy to settle in. With a mix of young professionals, couples, and small families, the community provides a warm welcome. You might enjoy walking to nearby personal services like Beautiful You or exploring Unplugged the Book just around the corner for a cozy reading spot.

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