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South Loop

South Loop

$381,852 Average Value
$321 Average Price per Sq Ft
74 Homes For Sale

A community close to the Metra with tons of restaurants to explore

At the turn of the 20th century, South Loop began to grow as a network of railroad yards that served both freight and passenger trains. The railroad and printing industries began to die down during the 1950s and 1960s, which left much of South Loop vacant, leading to city renewal efforts in the 1980s. Today, the community is home to a robust restaurant scene, staple attractions like Grant Park, easy access to public transportation and a residential feel not commonly found in downtown neighborhoods of major cities. “Living in downtown Chicago is like living in New York City with the taxis and only high-rise buildings,” explains Stephanie Mason, a real estate manager with 5th Group Realty & Management who grew up in the neighborhood. “In South Loop, residents still get that feeling of luxury, but with more boutiques, restaurants and a stronger local vibe.”

The Metra travels though and starts in the South Loop of Chicago.
The Metra travels though and starts in the South Loop of Chicago.
Eleven City Diner has a variety of Chicago style sandwiches in South Loop.
Eleven City Diner has a variety of Chicago style sandwiches in South Loop.
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Corner store breakfasts and Chinatown dinners

Residents are within walking distance of the neighborhood’s diverse culinary scene, including AO Hawaiian Hideout, which is appreciated for its colorful interior and Asian-inspired dishes. On the west side is Chinatown, where eateries like Qing Xiang Yuan Dumplings, Shoo Loong Kan Hotpot, and several others sit along South Wentworth Avenue. A sense of community can be felt perusing the shelves of the family-owned Sandmeyer’s Bookstore, picking up lunch from delis in corner bodegas like the South Loop Market or grabbing a drink with friends at Reggies Chicago, a popular spot with a casual and feel pub-style food. “Lots of people that bought townhomes filled the bottom floor with delis and boutiques, so they are passionate about serving the community,” explains Mason, compared to businesses located just north of downtown. Grocery stores like Trader Joe’s and Jewel-Osco are conveniently dotted throughout the community. At the same time, retailers like Target, H&M, Old Navy and several more reside in Roosevelt Collection Shops in the northwest corner.

Sushi Kai is a casual Japanese restaurant located in Chicago's South Loop Neighborhood.
Sushi Kai is a casual Japanese restaurant located in Chicago's South Loop Neighborhood.
Grab your favorite coffee at Tea Pot Brew Bakery in Downtown Chicago in South Loop.
Grab your favorite coffee at Tea Pot Brew Bakery in Downtown Chicago in South Loop.
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Warm days at Grant Park

Grant Park has visitors year-round, but locals and tourists flock during the warmer months. “Nothing says Chicago like Grant Park,” says Mason. “I grew up going there with my grandma and seeing all of the tulips. When those start to bloom, that’s when the parks start getting busy, food trucks appear, and events start happening.” Many head here for walks along Lakefront Trail or to meet up with friends for a picnic. It is also home to Museum Campus, where visitors can tour Chicago’s three largest museums. Dog owners take their dogs to Anderson (Fred) Park to get some exercise at the off-leash site, while comedy shows, concerts and theater performances can be enjoyed at the Arie Crown Theater.

The Buckingham Fountain is the crown jewel of Grant Park with spectacular views of Chicago.
The Buckingham Fountain is the crown jewel of Grant Park with spectacular views of Chicago.
The Museum campus is only steps from Chicago's South Loop via walking path.
The Museum campus is only steps from Chicago's South Loop via walking path.
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The condos of South Loop

The streets of South Loop are filled with bike lanes, street lights and wide sidewalks, making getting around the neighborhood convenient. Despite the absence of green spaces, green ash trees are spread across each avenue alongside parked cars, which line the community. Morning strolls showcase late 19th and early 20th-century industrial buildings turned condos alongside a spattering of high-rise condominium buildings constructed in the early 2000s. And despite the modern flair of many, roughly half feature brick-clad exteriors and large windows, a style synonymous with Chicago. Those looking to purchase a home in South Loop can expect a price range from $200,000 to $500,000 depending on size and condition, while penthouses and corner designated units can reach up to $800,000.

The South Loop is home to many codo properties that were former factories.
The South Loop is home to many codo properties that were former factories.
Condo properties of South Loop have great city views only a few miles from Chicago's Loop.
Condo properties of South Loop have great city views only a few miles from Chicago's Loop.
In South Loop you'll find older brick properties with floor to ceiling windows and balconies.
In South Loop you'll find older brick properties with floor to ceiling windows and balconies.
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Roosevelt Station

Aside from the Loop itself, South Loop is the most well-connected Chicago neighborhood. Roosevelt Station offers residents access to every other part of the city, including Chicago O’Hare International Airport, an hour-long ride on the red and blue lines. Those driving can reach their flight at the airport along a 17.4-mile drive west via Interstate 90 and the John H. Stronger, Jr. Hospital of Cook County off West Odgen Avenue in 3.3 miles. Meanwhile, the campuses of Columbia College of Chicago and Illinois John Marshall Law School, which account for the community’s younger population, are located in the neighborhood.

Chicago CTA Green line platform in South Loop with view of Hillard Homes.
Chicago CTA Green line platform in South Loop with view of Hillard Homes.
Multiple lines of the Chicago El train, run though the South Loop neighborhood.
Multiple lines of the Chicago El train, run though the South Loop neighborhood.
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Following famous footsteps at Wendell Phillips Academy High School

Young students, Kindergarten through grade 8, will attend South Loop Elementary School, which maintains a B-plus rating on Niche. Wendell Phillips Academy High School, the home of the Wildcats, has a Niche score of C and welcomes students grades 9 to 12. The school is known as the first predominately black high school in Chicago and has a lengthy list of accomplished alumni, including Nat “King” Cole, Marla Gibbs, Gwendolyn Brooks and many more.

South Loop Elementary School is a Magnet Cluster school and serves students in the neighborhood.
South Loop Elementary School is a Magnet Cluster school and serves students in the neighborhood.
Main building and entrance to Wendell Phillips Academy High School in Chicago.
Main building and entrance to Wendell Phillips Academy High School in Chicago.
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The events of Grant Park

The City hosts several events at Grant Park for residents to choose from, including The Taste of Chicago, a staple food and music festival, Chicago’s Jazz and Blues Festivals, and the popular Lollapalooza music festival, each of which brings in large crowds to the park.

Turn 11 in Grant Park 165 Chicago street race hosted by NASCAR.
Turn 11 in Grant Park 165 Chicago street race hosted by NASCAR.
Take in city views of Chicago at Lollapalooza in Grant Park.
Take in city views of Chicago at Lollapalooza in Grant Park.
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Game day traffic

Considering that game days at Soldier Field and grand conventions at McCormick Place both happen within the community, traffic is expected in South Loop, particularly on the east side. Though this influx of traffic occurs periodically, it may be worth considering for those who are looking to move into the community.

McCormick Place has 2.6 million square feet of convention center space.
McCormick Place has 2.6 million square feet of convention center space.
Gold Star Family Park
Gold Star Family Park
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Matthew Simmons
Written By
Matthew Simmons
David Fritzson
Video By
David Fritzson

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Timothy Rhoten, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Chicago Midway International

15 min drive

Subway

Roosevelt Station (Green, Orange Lines)

Bus

State & 9th Street

Bus

Michigan & 18th Street

Bus

Clark & Archer

Bus

Michigan & 23rd Street

Bus

State & 24th Street

Bus

Clark & 18th Street

Bus

Cermak-Mccormick Place Green Line Station

Crime and Safety

1 - Low Crime, 10 - High Crime South Loop US
Homicide 4 4
Sexual Assault 6 4
Assault with Weapon 4 4
Robbery 8 4
Burglary 4 4
Motor Vehicle Theft 4 4
Larceny 7 4
Crime Score 6 4

Source: WhatIsMyCrimeRisk.com

South Loop Demographics and Home Trends

Housing Trends

Median List Price
$362,500
Median Sale Price
$357,888
Median Townhouse Sale Price
$495,000
Median 2 Bedroom Sale Price
$395,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
288
Median Home Sale Price YoY Change
10%
Average Price Per Sq Ft
$321

Neighborhood Facts

Number of Homes in Neighborhood
4,620
Number of Homes for Sale
74
Median Year Built
2006
Months of Supply
3.10
Average Single Family Home Size Sq Ft
1,162
Significantly below the national average
1,924
Average Townhouse Size Sq Ft
2,081
Average 2 Bedroom Size Sq Ft
1,202
Average 1 Bedroom Size Sq Ft
847
Average Studio Size Sq Ft
559
Median Lot Size Sq Ft
11,325

Open Houses

  • Sunday, Sep 7
    10 - 11:30am

    50 E 16th St Unit 414, Chicago, IL 60616

    $255,000

    • 1 Bed
    • 1 Bath
    • 847 Sq Ft
    • 50 E 16th St
    • Unit 414
    • New 2 days ago

    Bright and stylish, this South Loop 1BR/1BA condo offers an open-concept layout with floor to ceiling windows, hardwood floors throughout living area, and in-unit laundry. The spacious bedroom features a large walk-in closet, while the private balcony provides an ideal space to unwind. Building amenities include a fitness center, 24-hour door staff, and a beautifully landscaped roof deck.

    Sara Brondyke @properties Christie's International Real Estate

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  • Saturday, Sep 6
    10 - 11:30am

    1250 S Michigan Ave Unit 907, Chicago, IL 60605

    $308,069

    • 1 Bed
    • 1 Bath
    • 861 Sq Ft
    • 1250 S Michigan Ave
    • Unit 907
    • New 2 days ago

    Welcome to this stylish 1 bedroom, 1 bathroom condo in the heart of the South Loop at the full amenity high-rise, Michigan Ave Tower l! This bright and modern unit features an open concept layout with large windows that showcase sweeping city views and fill the space with natural light. The updated kitchen offers granite countertops, stainless steel appliances, and ample cabinet space, while the

    Benjamin Lissner Baird & Warner

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  • Saturday, Sep 6
    11am - 1pm

    2303 S Michigan Ave Unit 208, Chicago, IL 60616

    $335,000

    • 1 Bed
    • 1 Bath
    • 1,080 Sq Ft
    • 2303 S Michigan Ave
    • Unit 208
    • New 2 days ago

    HOT, RARELY AVAILABLE MOTOR ROW LOFTS! Live in style at this standout loft in the original Cadillac building in the South Loop! This 1-bedroom + den unit combines historic charm with smart modern upgrades-featuring soaring 16' timber ceilings and a flexible, open layout. A spacious foyer with generous closet space welcomes you into the unit. The kitchen is equipped with granite countertops,

    Ashley Leakey Baird & Warner

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Interested in learning more about homes in this area? Reach out to Timothy Rhoten, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
19,839
Median Age
37
Population Density
42 ppl/acre
Population under 18
18.4%
Below the national average
23.8%
Population over 65
11.2%
Below the national average
19.1%

Finances

Median Household Income
$100,766
Significantly above the national average
$71,702
Average Household Income
$130,673

Education and Workforce

High School Graduates
94.9%
College Graduates
78.6%
Significantly above the national average
34.1%
Advanced Degrees
43.2%
Significantly above the national average
13.3%
% Population in Labor Force
79.1%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
20°F
Average Summer High Temperature
84°F
Annual Snowfall
20''

Area Factors

Very Bikeable

Bike Score®

84 / 100

Walker's Paradise

Walk Score®

97 / 100

Excellent Transit

Transit Score®

83 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
South Loop
Timothy Rhoten
Red Carpet Investment Group In
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