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Wake up to the energy of Chicago's vibrant lakefront while enjoying the affordability and convenience of one of the city's most exciting emerging neighborhoods. Nestled in the sought-after Lake Terrace waterfront community in historic South Shore, this beautifully updated condo offers a lifestyle that blends city living, outdoor recreation, culture, and investment potential. Imagine beginning your mornings with a stroll along Lake Michigan, spending afternoons at the nearby South Shore Cultural Center, and enjoying quick access to Hyde Park's renowned dining, shopping, and cultural attractions. With the Obama Presidential Center just minutes away and downtown Chicago easily accessible, you'll be perfectly positioned to enjoy everything the city has to offer while coming home to a neighborhood rich in history, character, and growth. Lake Terrace enhances everyday living with an impressive collection of amenities, including 24-hour door staff and security, a fitness center, dedicated parking, private storage, onsite laundry facilities, multiple elevators, and gathering spaces for entertaining friends and family. The pet-friendly community also offers the flexibility to lease your unit, creating an attractive opportunity for those seeking passive income or long-term wealth building through real estate. For investors, this is an exceptional opportunity to acquire a turnkey, income-producing property with an existing tenant already in place. Currently generating $1,400 per month in rental income, the property offers immediate cash flow while benefiting from the continued investment and revitalization occurring throughout Chicago's South Shore lakefront corridor. Whether you're seeking a smart investment, a future city retreat, or a foothold in one of Chicago's most promising waterfront communities, this property offers an outstanding combination of lifestyle, location, and opportunity. Tenant occupied. Please allow appropriate notice for showings and do not disturb the tenant. Property is being sold subject to the existing tenancy. Buyer to verify all information, including lease terms, rental income, assessments, taxes, and association requirements.
| DAYS ON MARKET | 86 | LAST UPDATED | 9/8/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | CHI - South Shore |
| COUNTY | Cook | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| PRICE HISTORY | |
| Prior to Sep 8, '26 | $70,000 |
|---|---|
| Sep 8, '26 - Today | $69,999 |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Insurance, Security, Snow Removal, Water |
| AREA | CHI - South Shore |
| BASEMENT | None |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas |
| HOA DUES | 596 |
| LOT | 0 |
| LOT DIMENSIONS | 602 x 182 |
| PARKING | Leased |
| SEWER | Public Sewer |
| STORIES | 12 |
| TAXES | 1057 |
| WATER | Public |
| WATER ACCESS | LAKE MICHIGAN |
| WATERFRONT | Yes |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Coldwell Banker Realty
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.