Experience lakefront living at the highly desirable Lake Terrace Condominiums! This is a 2nd flr. East facing 1-bedroom, 1-bathroom condo with LVP flooring and a spacious living room offering Lake Michigan views. Condo is worn and in need of TLC. Situated in an investor-friendly building. Residents enjoy premium amenities including 24-hour door staff and security, a fitness center, and convenient on-site laundry facilities. Perfect for an owner-occupant looking to build equity or an investor looking for a high-potential property! Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition!
Details
MLS #
12749399
Listing Type
For Sale
Style
Condominium
HOA Dues
$585
Sub-Type
Resale
Status
Pending
Year
1962
Days On Site
17
Listing Provided By
Goldtree Realty, Inc | Julian Taylor
Features
Bed(s)
1
Bath(s)
1 Total
SQ Feet
775
Garage
1
Story(s)
14
Water Front
Yes
Interior
Rooms Total
4
Cooling
Wall Unit(s)
Heating
Natural Gas, Baseboard
Exterior
Construction Materials
Brick
Parking
Parking Features
Yes, Attached, Garage
Garage Spaces
1
Utilities
Sewer
Public Sewer
Taxes
Tax Year
2025
Tax Annual Amount
1038.46
Area Information
State
IL
County
Cook
City
Chicago
Zip Code
60649
Area
CHI South Shore
Listing VS Median (in 60649)
Price: $44,950
low | high
Med: $85,000
39.098998887653% of Average
sqft: 775
low | high
Med: 1,400
30.645161290323% of Average
$ / sqft: $58
low | high
Med: $61
45.320197044334% of Average
On site: 17
low | high
Med: 2
100% of Average
Sourced by Back At You
Market Activity 60649
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Aug 2026
Sales: 2
Avg $ Per SqFt: $91.31
Min Sale Price: $20,000
Max Sale Price: $245,000
Med Sale Price: $132,500
Date: Jul 2026
Sales: 6
Avg $ Per SqFt: $79.52
Min Sale Price: $43,096
Max Sale Price: $740,000
Med Sale Price: $246,250
Date: Jun 2026
Sales: 21
Avg $ Per SqFt: $89.21
Min Sale Price: $29,000
Max Sale Price: $768,000
Med Sale Price: $59,950
Date: May 2026
Sales: 13
Avg $ Per SqFt: $123.59
Min Sale Price: $110,000
Max Sale Price: $685,000
Med Sale Price: $195,000
Date: Apr 2026
Sales: 22
Avg $ Per SqFt: $105.56
Min Sale Price: $75,000
Max Sale Price: $700,000
Med Sale Price: $228,250
Date: Mar 2026
Sales: 15
Avg $ Per SqFt: $112.73
Min Sale Price: $88,000
Max Sale Price: $1,050,000
Med Sale Price: $247,500
Date: Feb 2026
Sales: 21
Avg $ Per SqFt: $119.27
Min Sale Price: $55,000
Max Sale Price: $560,000
Med Sale Price: $242,500
Date: Jan 2026
Sales: 29
Avg $ Per SqFt: $109.59
Min Sale Price: $11,500
Max Sale Price: $539,000
Med Sale Price: $150,000
Date: Dec 2025
Sales: 21
Avg $ Per SqFt: $80.96
Min Sale Price: $39,000
Max Sale Price: $695,000
Med Sale Price: $144,000
Date: Nov 2025
Sales: 16
Avg $ Per SqFt: $114.37
Min Sale Price: $59,000
Max Sale Price: $580,000
Med Sale Price: $205,000
Date: Oct 2025
Sales: 19
Avg $ Per SqFt: $101.18
Min Sale Price: $44,000
Max Sale Price: $620,000
Med Sale Price: $132,000
Date: Sep 2025
Sales: 30
Avg $ Per SqFt: $103.85
Min Sale Price: $35,000
Max Sale Price: $675,000
Med Sale Price: $248,500
Sourced by Back At You
Aug 2026
Sales:
2
Avg $ Per SqFt:
$91.31
Min Sale Price:
$20,000
Max Sale Price:
$245,000
Med Sale Price:
$132,500
Jul 2026
Sales:
6
Avg $ Per SqFt:
$79.52
Min Sale Price:
$43,096
Max Sale Price:
$740,000
Med Sale Price:
$246,250
Jun 2026
Sales:
21
Avg $ Per SqFt:
$89.21
Min Sale Price:
$29,000
Max Sale Price:
$768,000
Med Sale Price:
$59,950
May 2026
Sales:
13
Avg $ Per SqFt:
$123.59
Min Sale Price:
$110,000
Max Sale Price:
$685,000
Med Sale Price:
$195,000
Apr 2026
Sales:
22
Avg $ Per SqFt:
$105.56
Min Sale Price:
$75,000
Max Sale Price:
$700,000
Med Sale Price:
$228,250
Mar 2026
Sales:
15
Avg $ Per SqFt:
$112.73
Min Sale Price:
$88,000
Max Sale Price:
$1,050,000
Med Sale Price:
$247,500
Feb 2026
Sales:
21
Avg $ Per SqFt:
$119.27
Min Sale Price:
$55,000
Max Sale Price:
$560,000
Med Sale Price:
$242,500
Jan 2026
Sales:
29
Avg $ Per SqFt:
$109.59
Min Sale Price:
$11,500
Max Sale Price:
$539,000
Med Sale Price:
$150,000
Dec 2025
Sales:
21
Avg $ Per SqFt:
$80.96
Min Sale Price:
$39,000
Max Sale Price:
$695,000
Med Sale Price:
$144,000
Nov 2025
Sales:
16
Avg $ Per SqFt:
$114.37
Min Sale Price:
$59,000
Max Sale Price:
$580,000
Med Sale Price:
$205,000
Oct 2025
Sales:
19
Avg $ Per SqFt:
$101.18
Min Sale Price:
$44,000
Max Sale Price:
$620,000
Med Sale Price:
$132,000
Sep 2025
Sales:
30
Avg $ Per SqFt:
$103.85
Min Sale Price:
$35,000
Max Sale Price:
$675,000
Med Sale Price:
$248,500
MLS Number: 12749399
Julian Taylor – (773) 908-9691 – jtgoldtreerealty@gmail.com
Goldtree Realty, Inc – (847) 674-4445
Request a showing
Request a showing
The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MRED. All Rights Reserved.
MLS Number: 12749399
Julian Taylor – (773) 908-9691 – jtgoldtreerealty@gmail.com
