Lakeside Terraces/Grant Manor — Project-Based Section 8 (RAD conversion) in Chicago

7425 S South Shore Dr, Chicago, IL, 60649

Income-based rent · about 30% of income · 128 units · Managed by Realty & Mortgage Co.

About this apartment

Lakeside Terraces/Grant Manor is a Project-Based Section 8 (RAD conversion) building at 7425 S South Shore Dr, Chicago with 128 apartments (67 subsidized). Rent is income-based, about 30% of household income. Apply directly to the building — call (773) 731-7425.

The subsidy is attached to this building, not to you. You do not need your own Section 8 voucher to apply here — qualifying households pay about 30% of adjusted income as rent and the federal subsidy covers the rest.

About Lakeside Terraces/Grant Manor

Lakeside Terraces/Grant Manor is a Project-Based Section 8 (RAD conversion) property at 7425 S South Shore Dr, Chicago 60649. It has 128 apartments, 67 of which are subsidized (10 studio, 26 one-bedroom, 25 two-bedroom, 6 three-bedroom).

Who can apply

This program serves low-income families and individuals who meet HUD income limits for the Illinois area (generally at or below 50% of area median income; many buildings prioritize 30%).

How to apply

1. Call the building at (773) 731-7425 (managed by Realty & Mortgage Co.) and ask whether the waiting list is open and how to get an application.
2. Most buildings keep their own waiting list — this is separate from the Chicago Housing Authority (CHA) Section 8 voucher list.
3. Submit proof of income, ID for every household member, and Social Security numbers where available.
4. When your name comes up, the management office verifies eligibility and offers a unit.

Your rights

Chicago Fair Housing Ordinance & Cook County Human Rights Ordinance (source of income protected)

Nearby

See all subsidized housing and voucher-friendly options on the Chicago page and read how to apply for Section 8 in Chicago.

Source: HUD Multifamily Assisted Properties database (Nov 2026). Unit counts and contacts come from HUD and may lag reality — always confirm by phone. This is not an availability listing.