The Loop forms the heart of Chicago’s central business and cultural district. Home to the Chicago Mercantile Exchange, the Art Institute of Chicago, the famous Grant Park and the Chicago Symphony Orchestra, the Loop district is one of Chicago’s best-known tourist attractions and provides a wealth of cultural, economic, entertainment and educational opportunities.
The South Loop is one of the Loop’s most desirable areas, and the South Loop Chicago real estate market is the city’s fastest-growing. Spanning the area between Jackson Boulevard south to the Stevenson Expressway and from the Chicago River to Lake Michigan, the South Loop is home to neighborhoods including Dearborn Park, Museum Park, Printers Row, Burnham Park, Central Station and Prairie District.
Condos and lofts constitute most of the South Loop Chicago homes for sale, with one-bedroom pricing from about $175,000 to more than $300,000. Two-bedroom residences are typically priced around $400,000, with some reaching $1 million. Pricing for three-bedroom townhomes starts around $500,000. Pricing remains stable even with significant growth in the South Loop in recent years.
A South Loop Chicago condo is only a 30-minute drive to Chicago O’Hare International Airport and is close to major highways. The bustling South Loop area is also home to Soldier Field and the Chicago Bears. Grant Park, known as “Chicago’s Front Yard,” is reachable by a short ride on Chicago’s rapid transit system, which serves the Loop area with nine stations. To find out more about the South Loop neighborhood, please call us today.