South Loop

Community Area: Near South Side
Recently dubbed the fastest growing neighborhood in America by Chicago magazine, the South Loop is a boom town with a storied past and an incredibly bright future. Chicago's original "Gold Coast" in the late 19th century, the South Loop was home to such business icons as Marshall Field and George Pullman. But the area went undeveloped for most of the 20th century. The introduction of Central Station in the mid 1990s brought the first wave of thousands of new homes. Virtually every corner of the South Loop is experiencing new development today, from the lofts of Printers Row and the Motor Row Historic District to the high-rises of Central Station and a booming retail corridor along Roosevelt Road.

Renovations and conversions abound in the South Loop, and many older warehouses and factories have been completely gutted and refashioned into trendy lofts, condos, and apartments. But the big story is new construction - in every size and shape. High-rises featuring classic and contemporary architecture, single-family homes, town homes and mid rises are going up everywhere with prices ranging from about $200,000 to $1 million plus.

Residents of the South Loop benefit from proximity to the Loop, Museum Campus and lakefront; great access to transportation; and incredible views of the lake and skyline. The area's housing boom has brought with it an influx of retailers, sophisticated eateries and a trendy nightlife scene.





Nearby Public Transportation

CTA Rail

at Cermak/Chinatown, Clinton, Harold Washington Library, Harrison, Jackson, LaSalle, LaSalle/Van Buren, Quincy, Roosevelt

Metra
Milwaukee District North, Rock Island District, Metra Electric Main Branch, North Central Service, Milwaukee District West, BNSF Railway, Heritage Corridor, Southwest Service, South Shore

at Union Station, Chicago LaSalle St Metra, Van Buren St Metra, 11th St Metra, 18th St Metra, McCormick Place Metra, 27th St Metra, McCormick Place, Museum Campus/11th Street, Van Buren Street




Click on the market snapshot below to view detailed market trends


Average Sales Price

$461,183

Average Days on Market

69

Sales Prices vs. List Price

100%


Data represents the community area's average over the past 12 months. All information deemed reliable, but not guaranteed.




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News via DNAInfo