Learn more about Loop/South Loop
We would call the South Loop a boomtown – but that would be an understatement.
Chicago’s original Gold Coast in the late 19th century, the South Loop was once home to the likes of Marshall Field, George Pullman and Philip Armour. Today the vibrant neighborhood is known for its access to the lakefront, shops, restaurants, parks, Museum Campus and The Loop. The area continues to evolve and is in the midst of a major transformation, with residential construction booming.
Large developments planned and underway include mixed-use projects along the Chicago River and a number of supertall skyscrapers including 1000M – a 74-story luxury condominium tower designed by Helmut Jahn. Meanwhile, several apartment buildings are under construction, bringing thousands of new rental units to the neighborhood.
Existing homes offer more choices, from high-rises and mid-rises to townhomes and single-family homes. Buyers can also find unique loft conversions in areas like Printer’s Row.
The South Loop’s housing boom has brought with it an influx of retailers along with eateries and nightlife on South Michigan Avenue. The Roosevelt Collection is a popular destination featuring a movie theater and an assortment of retailers.
Museum Campus is the cultural and educational hub of the South Loop and features a collection of attractions including the Field Museum, Shedd Aquarium, Adler Planetarium and Soldier Field. Residents also enjoy being in close proximity to Northerly Island and public transportation including the CTA’s Roosevelt station.
Chicago’s iconic business district has embraced the beauty of balance. Once considered all business, The Loop has become an increasingly popular place to live, work and play.
The Loop’s evolution began in the 1990s as developers built new high-rises and repurposed office buildings for residential use. Today homebuyers can find a wealth of housing options in the historic center of downtown Chicago.
In addition to luxury condominium buildings interspersed among office high rises, The Loop is also home to several large-scale mixed-use developments. These planned communities include amenities such as grocery stores and schools that were previously unavailable in The Loop. Home prices reflect the growing popularity of The Loop as a residential area.
The Loop offers a unique opportunity to live among Chicago’s most iconic landmarks and must-see attractions – from Grant Park, Millennium Park and Navy Pier to the Theatre District and the Art Institute. Residents also have a front row seat to Chicago’s marquee events, such as the Taste of Chicago, the Air and Water Show and the Chicago Blues Festival.
Fine dining, cocktails and quick bites can be found at the many restaurants in the area and also at Revival Food Hall – a 24,000-square-foot marketplace that spotlights more than a dozen of the city’s favorite eateries.
Shopping is an easy stroll down the Magnificent Mile. Music is enjoyed at any number of venues and events. And on Monday, when it’s time to get back to work, the office is just a walk away.
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Welcome to the beautiful area of Loop/South Loop! As of the latest US census, around 57,088 call this area home and around 40% are homeowners. With an average age of 35.5, the residents of Loop/South Loop are well established, with many growing families of all ages. However, during weekends and holidays, you can see a lot more activity and excitement. Over the recent months roughly 625 homes have been sold with an average sold price of $432,507. That is a decrease of $29,551 from the previous period.
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