$462,530Average Value$386Average Price per Sq Ft96Homes For Sale
Iconic Chicago cityscape
This community is more than the skyscrapers of the country's second largest business district. “A lot of people don’t see or consider the Loop a neighborhood, particularly for a 24-hour city, but it’s changed in its perspective and its reality in the past three to five years,” says a lifetime Chicagoan Ariella Gibson, Director of Marketing and Communications at Chicago Loop Alliance. “The services that you can utilize are different than what people might’ve assumed.” State Street’s shops and Grant Park’s recreational options barely skim the surface of all that the Loop encompasses. On the weekends, locals join the foot traffic along Lake Michigan’s waterfront and on the way to the neighborhood’s many famous attractions, including the Art Institute of Chicago and the James M. Nederlander Theatre.
The Loop is located at the epicenter of downtown Chicago.
The Lakefront is a popular place to unwind for residents of The Loop.
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State Street shops and Wacker Drive dining
The Loop holds numerous grocery and shopping options, from everyday staples such as Target and Mariano’s to specialty stores like South Loop Market and Bockwinkel’s. Locals grab bites of salmon lox and wash it down with homemade root beer under the red glow of neon signs at retro Eleven City Diner. Along Wacker Drive, chefs serve seafood dishes and prime cuts of steak on white tablecloth-covered tables. Shoppers spend afternoons browsing at major retailers down State Street, from Macy’s department store to Sephora and Banana Republic in Block 37 Mall. Property crime rates in the Loop score higher on the CAP Index than the national average.
Target is located in the famous Sullivan Center designed by Louis Sullivan in The Loop.
Macy's is one of the largest retailers located in The Loop.
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Mixed-use and million-dollar homes by Lake Michigan
Given the premium on space, condos are the primary form of housing here. “The amenities and the accommodations of properties in the Loop are very commiserating with other iconic major metros like New York City and LA, but they’re more affordable, so you’re getting the bang for your buck because you’re getting all these options and opportunities and things to do and see without the pressure of these other coasts,” Gibson says. Many buildings are mixed-use, with commercial tenants on the ground floor. Styles range from luxury high-rises overlooking Lake Michigan to renovated units. Half of the residences were built after 2000 and feature mostly glass exteriors. Condos closer to the park and lake list between $350,000 for a one-bedroom and $3.2 million for a four-bedroom. Meanwhile, western units may list between $163,000 and $350,000 for a one-bedroom.
Condo buildings in The Loop feature wonderful views of Grant Park and the lakefront.
Midrise Lofts are a popular option for condo buyers in The Loop.
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Cloud Gate and whimsical fun
Grant Park, covering 312 acres, forms the neighborhood’s eastern border. Locals enjoy lakefront views within the park, attend music events, or stroll between visits to the Shedd Aquarium and Adler Planetarium. Millennium Park, in Grant’s northwest corner, is famous for public art pieces like Cloud Gate, often called “The Bean,” a metallic archway reflecting downtown Chicago. Next door, children climb the whimsical playground while other parkgoers practice ice skating and rock climbing within Maggie Daley Park’s 22 acres. Buckingham Fountain sits at the center of Grant Park, spraying water with mood lighting, creating a majestic display.
Faces at Millennium Park make a great selfie spot for tourist and locals alike.
The Loop's Grant Park is full of statues dedicated to historic American figures.
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Seasonal offerings like Taste of Chicago
The Loop is loaded with summertime events, whether free concerts in Grant Park or five days of foodie festivities at the Taste of Chicago, drawing millions of visitors every July. As part of the Millennium Park Film Series, Gibson says, “On eight different Tuesdays during the summer, they play iconic or new movies in the park. They have popcorn, you can bring your blanket and drinks; it’s really cool and unique.”
Commuting with Chicago Transit Authority
Commuters take one of the many Chicago Transit Authority (CTA) busses or “L” rail options into the city each work week. “The transit is phenomenal,” Gibson says. “The Loop is literally the most accessible downtown and one of the most accessible neighborhoods in Chicago, so you can go anywhere in the city from the Loop and come from anywhere in the city to the Loop; that’s why Chicago Alliance considers it ‘everyone’s neighborhood.’”
The Loop is a major public transportation hub with several CTA L lines running through it.
The Loop residents are able to take advantage of the CTA bus lines.
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South Loop schooling
While public schools are scarce within the Loop, students may walk or take a bus to charter and private schools in the neighborhood. If residents prefer to enroll their students in Chicago Public Schools, then their students may attend South Loop Elementary School, a kindergarten through eighth-grade option. South Loop earns a Grade B-plus from Niche, while Wendell Phillips Academy High School, where students may start in ninth grade, earns a Grade C-minus. This high school lets students get a head start on their post-secondary education with Career and Technical Education (CTE) options and five Advanced Placement (AP) courses. After graduation, these students show the most interest in attending Northern Illinois University and Illinois State University, according to Niche.
South Loop Elementary School is a Magnet Cluster school and serves students in the neighborhood.
Phillips Academy High School is located in the Bronzeville neighborhood of Chicago, Illinois.
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Entertainment along Randolph Street
Not only is the Loop known for its extensive business and recreational opportunities, but it also includes spaces for residents to take cultural adventures. The Art Institute of Chicago – with over 250,000 holdings – is one of the oldest and largest museums in America and worldwide. Randolph Street, near the neighborhood’s northern border, is a center for the performing arts. “There are about six theaters in that geographic area that host Broadway and Chicago performances, other major arts and entertainment performances, concerts and the Chicago Theater where pretty much anybody takes a photo when they’re visiting or if they’re from Chicago,” Gibson says. While tourists plan trips to the Loop to enjoy Grant Park activities, shop down State Street and catch a show, residents only need to leave their complex to take advantage of these amenities.
The Art Institute is a long time landmark of The Loop dating back to 1879.
The Loop is home toe many famous landmarks like The Nederlander Theatre.
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
Rhonda Hoff,
an experienced agent in this neighborhood.
Parks in this Area
Millenium Park
Trails
Events
Amphitheater
Addams (Jane) Memorial Park
Trails
Beach
Concessions
River Esplanade Park
Trails
River
D'Angelo Dog Park
Dog Park
Pritzker Park
Picnic Area
Trails
Multi-Purpose Field
Southbank Riverwalk
Picnic Area
Trails
River
Lakeshore East Park
Dog Park
Trails
Playground
Grant Park
Bike Trails
Picnic Area
Trails
Maggie Daley Park
Bike Trails
Picnic Area
Tennis
Transit
Airport
Chicago Midway International
18 min drive
Train
Museum Campus/11Th St Station
Train
Van Buren Station
Train
Chicago Millennium Station
Subway
Clark/Lake Station (Downtown Loop)
Subway
Adams/Wabash Station (Downtown Loop)
Subway
Randolph/Wabash Station (Downtown Loop)
Subway
Madison/Wabash Station (Downtown Loop)
Subway
Monroe Station (Red Line)
Subway
Jackson Station (Red Line)
Subway
State/Lake Station (Downtown Loop)
Subway
Washington/Wells Station (Downtown Loop)
Subway
Quincy Station (Downtown Loop)
Subway
Lasalle/Van Buren Station (Downtown Loop)
Subway
Lake Station
Subway
Monroe Station (Blue Line)
Subway
Jackson Station (Blue Line)
Bus
Lasalle & Randolph
Bus
Lasalle & Wacker (Chicago) Pick Up
Bus
State & Jackson
Bus
Wells & Madison
Bus
Michigan & Wacker & South Water
Bus
Jackson & Franklin
Bus
Michigan & Jackson
Crime and Safety
1 - Low Crime, 10 - High Crime
The Loop
US
Homicide
4
4
Sexual Assault
10
4
Assault with Weapon
7
4
Robbery
10
4
Burglary
10
4
Motor Vehicle Theft
9
4
Larceny
10
4
Crime Score
10
4
Source: WhatIsMyCrimeRisk.com
The Loop Demographics and Home Trends
On average, homes in The Loop, Chicago sell after 48 days on the market compared to the national average of 49 days. The median sale price for homes in The Loop, Chicago over the last 12 months is $375,000, up 4% from the median home sale price over the previous 12 months.
Welcome home... Perched on the 62nd floor of The Legacy at Millennium Park, with only four units per floor, this home offers jaw-dropping, unobstructed views of Lake Michigan, Grant Park, Buckingham Fountain, and the iconic skyline through 270 degrees of glass spanning over 60 feet. Among 2-bedroom + den condos, this 2,000 sq ft floor plan sets the standard for both flow and function. A large,
Breathtaking NW corner residence with panoramic city views in the prestigious Park Monroe building! Step into luxury with 11' ceilings, newly installed wide-plank white oak floors, and an expansive open floor plan framed by 70' of floor-to-ceiling wrap-around windows offering stunning vistas from every room. The chef's kitchen impresses with sleek Italian cabinetry, an oversized island, granite
Spectacular North/East/West views from the 41st floor distinguish this 3BR/3BA residence at the Heritage on Chicago's Cultural Mile. Enjoy the sunrise to sunset panorama of Lake Michigan, Millennium Park and Loop skyline from floor to ceiling windows. This luxury home lives larger than its 2157 square feet, thanks to its smart floor plan, custom built-ins and upgrades. Crestron-controlled Lutron
Stunning unobstructed views of Millennium Park, the Lake and City Skyline in a luxury boutique building! Meticulously maintained 3 bed / 2.5 bath with preferred split floor plan and south-east corner unit. Spacious open floor plan perfect for entertaining. Kitchen features high-end appliances, marble countertops, plenty of storage, workspace and an expansive island open to the living/dining
Seller is open to Lease with option to Purchase!! Get into the heart of everything! Get close to the highlights of the Chicago scene! Walk to Millenium Park, Michigan Avenue and the Lake! Cozy 1br condo with luxury vinyl wood floors throughout, fully-applianced kitchen and in-unt washer/dryer. Park Millennium is a luxury full service building with 24-hour Doorman, security, business center, club
Modern living at its finest in this beautifully updated 2-bedroom, 2-bathroom condo in the heart of the Loop. Featuring brand-new hardwood floors throughout, updated canned lighting, and fresh paint, this home exudes contemporary elegance. The gourmet kitchen is a chef's dream, boasting GE stainless steel appliances, a wine refrigerator, and a spacious island with luxurious quartz countertops and
Live in luxury in downtown Chicago at MILA, offering a rooftop pool, fitness center, and lounge space for your relaxation and entertainment needs. Take a dip in the rooftop pool, work up a sweat in the fitness center, or unwind in the stylish lounge area with breathtaking city views. Inside your apartment, enjoy top-of-the-line amenities such as stainless-steel appliances, quartz countertops, and
REMODEL STUDIO UNIT IN HEART OF DOWNTOWN! RENT INCLUDED A/C, HEAT, WI-FI, STEP TO MICHIGAN AVE, THEATER DISTRICT, MILLENNIUM PARK & MORE!! RESTURANT, SHOPS, PUBLIC TRANSPORTATION. A MUST SEE.
Schedule a tour today! Millie on Michigan offers an elevated level of living on the Millennium Mile. Perched on Michigan Avenue atop the stunning Millennium Mile, livable luxury marries cosmopolitan flair. Wake-up to sweeping views of Lake Michigan and the Chicago skyline. Enjoy being steps from Millennium Park, the River, and world-class art and culture. Residences range from studios to two
Interested in learning more about homes in this area?
Reach out to
Rhonda Hoff,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
15,421
Median Age
33
Population Density
19 ppl/acre
Population under 18
15.9%
Below the national average
23.8%
Population over 65
8.5%
Below the national average
19.1%
Finances
Median Household Income
$148,143
Significantly above the national average
$71,702
Average Household Income
$170,391
Education and Workforce
High School Graduates
99.4%
College Graduates
91.8%
Significantly above the national average
34.1%
Advanced Degrees
47.7%
Significantly above the national average
13.3%
% Population in Labor Force
69.9%
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®
79/ 100
Walker's Paradise
Walk Score®
100/ 100
Rider's Paradise
Transit Score®
100/ 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.
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.
