$55,000
$57,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
SOLD DATE : 03/09/2026
Key Details
Sold Price $55,000
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12500186
Sold Date 03/09/26
Bedrooms 1
Full Baths 1
HOA Fees $601/mo
Year Built 1960
Annual Tax Amount $1,065
Tax Year 2024
Lot Dimensions Common
Property Sub-Type Condo
Property Description
Experience the best of lakefront living at Lake Terrace Condominiums! This spacious one-bedroom residence offers modern comfort, abundant natural light, and unbeatable views just steps from Lake Michigan. The unit is currently tenant-occupied, providing an excellent opportunity for investors seeking immediate rental income. Perfect for both homeowners and investors, the unit is located in a well-maintained, investor-friendly building. Enjoy premium amenities including 24-hour door staff and security, a fitness center, event space with panoramic lake views, laundry facilities, and on-site cleaning services. Ideally situated near the Obama Presidential Library, South Shore Cultural Center, and scenic parks and Lake Michigan beaches, this condo offers easy access to dining, transit, and recreation. Discover exceptional value and convenience in one of Chicago's fastest-growing neighborhoods. Schedule your private showing today-motivated seller!
Location
State IL
County Cook
Area Chi - South Shore
Rooms
Basement None
Interior
Heating Indv Controls
Cooling Wall Unit(s)
Fireplace N
Laundry Common Area
Exterior
Garage Spaces 2.0
Amenities Available Boat Dock, Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Service Elevator(s), Valet/Cleaner
Building
Building Description Brick, No
Story 13
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
HOA Fee Include Heat,Water,Taxes,Insurance,Security,Doorman,Clubhouse,Exercise Facilities,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal,Lake Rights
Ownership Condo
Special Listing Condition None
Pets Allowed Cats OK, Dogs OK
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Precious Credit of Coldwell Banker Realty
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