CHICAGO (CBS)– Snow is falling and bitter cold temperatures are on the way.

Chicago areas are under a Winter Weather Advisory through lunchtime Thursday. The advisory will remain in effect longer in Northwest Indiana due to lake effect snow.

Due to high winds and waves, there is a Lakeshore Flood Warning in effect for Northwest Indiana. There is a Lakeshore Flood Advisory in effect for Cook County.

According to CBS 2 meteorologist Megan Glaros, 18-foot waves are possible in NW Indiana throughout the day.

Driving conditions are slick and could impact the morning commute. CBS 2’s Eric Cox was last in NW Indiana reporting crashes including cars sliding off the roads.

Cold temperatures are approaching with arctic winds, bringing temperatures around 1 degree by Friday morning.

Temperatures will rise back to the 30s and 40s by the weekend.