Few Chicago neighborhoods have undergone as dramatic a transformation in such a short amount of time as the West Loop. A downtrodden area for much of the 20th century, the West Loop turned a corner when the newly built United Center hosted the Democratic National Convention in 1996. In the ensuing years, the land between the stadium and the Loop would fill in rapidly with trendy loft conversions, new-construction condos, art galleries, boutiques, night clubs and dozens of new restaurants.

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New condo developments in the West Loop have become more sophisticated in recent years, both in terms of architecture and amenities - a reflection of the neighborhood's escalating "cool factor." But buyers can still get a lot for their money. Most homes are priced in the $250,000 to $500,000 range.

In addition to trendy shops and art galleries, The West Loop is home to a thriving restaurant district on Randolph Street, offering up everything from sushi to haute cuisine. Residents can also enjoy a range of excellent dining options in nearby Greektown, Fulton Market and Little Italy. The United Center, home to the Chicago Bulls and Blackhawks, is located in the West Loop, as is Oprah Winfrey's Harpo Studios.

Tri-Taylor: Tri-Taylor, roughly bordered by Halsted Street, Western Avenue, the Eisenhower Expressway and 15th Street, encompasses Chicago's Little Italy, the University of Illinois at Chicago and the Illinois Medical District. Once a port of entry for new immigrants, this area was packed with people from all over the world at the turn of the century. Today, Tri-Taylor is anchored by the University of Illinois at Chicago and Chicago's medical district. On the east end of Tri-Taylor, UIC is undergoing a major expansion. It also sold off a large swath of land that has been developed into University Village, a residential neighborhood with hundreds of new homes.

Tri-Taylor features a variety of affordably-priced housing options including new-construction and rehabbed lofts, 19th century row homes, town homes, single-family homes, two- and three-flats and larger vintage apartment buildings.

Tri-Taylor is a bustling area thanks to a number of government, business and community organizations working to further its development. It offers a convenient location for those who work in one of several nearby teaching hospitals or a neighboring high-tech research park. Residents can enjoy a slice of Chicago history along Taylor Street, the heart of Little Italy, which includes a number of legendary Italian restaurants. Chicago's famed Greektown dining district along Halsted Street is also nearby.