$433,021Average Value$369Average Price per Sq Ft51Homes 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
Are you familiar with the The Loop neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
The Loop
US
Homicide
8
4
Sexual Assault
10
4
Assault with Weapon
9
4
Robbery
6
4
Burglary
10
4
Motor Vehicle Theft
10
4
Larceny
8
4
Crime Score
7
4
Source: WhatIsMyCrimeRisk.com
The Loop Demographics and Home Trends
On average, homes in The Loop, Chicago sell after 49 days on the market compared to the national average of 53 days. The median sale price for homes in The Loop, Chicago over the last 12 months is $330,500, down 15% from the median home sale price over the previous 12 months.
Perfectly situated one bedroom, one bath in prime Loop location near restaurants, entertainment and all forms of public transportation. Professionally managed building with top-tier amenities! The open concept living area features hardwood floors, a gas fireplace and is open to the kitchen and a private balcony. Kitchen has stainless steel appliances, granite countertops and Oak cabinets. The
Live in the middle of it all! Walk to work, shopping, transportation, entertainment, Grant Park, and the lakefront. This 1600+ sqft corner unit 2-bedroom/2-bath soft loft, boasts bright South and West views, a new kitchen with quartz waterfall counters, and a full suite of new stainless steel appliances. The spacious combined living/dining space provides plenty of room for hosting the extended
Deeded parking spot (p 528)at 212 W Washington (Washington and Wells). Parking spot located in secured area separated from public spaces. Take elevator to 5th floor to access. Perfect for unit owner or person living or working nearby. Space is oversized and right by door to lobby. Park and walk to work, theaters, opera, Millennium Park and more without worrying about high daily garage fees or
Live the best downtown Chicago lifestyle in the iconic Legacy at Millennium Park. This bright and beautiful West facing condo is now available at The Legacy. This move-in ready unit has floor-to-ceiling windows in every room to enjoy stunning city skyline views and Chicago sunsets. This unit features an amazing layout with private balcony for that much needed outdoor space, fully enclosed second
Discover MDA Apartments, a distinguished historic residence located in Downtown Chicago, IL. Our community combines timeless elegance with modern comforts, offering studio, convertible, 1, and 2-bedroom apartments, as well as penthouses. Each home features high ceilings, granite countertops, and stylish cabinetry. Residents enjoy a wealth of amenities including a hotel-style lobby, full-body
PRIME LOOP LOCATION CLOSE TO TRAIN BUS RIVER WALK RESTAURANTS AND SHOPS. EXTRA HIGH CEILING ON THE 27TH FLOOR. BEAUTIFULLY UPGRADED XL 1BR W/LAKE & SKYLINE VIEWS IN FULL AMENITY HIGH-RISE. HWD FLRS, 42" CABINETS, GRANITE COUNTERS, SS APPLS, 10FT CEILINGS, 11 FT BALCONY! A PERFECT IN-TOWN! STEPS TO MICHIGAN AVE, THEATER DISTRICT, MILLENNIUM PK & MORE! PEDWAY ACCESS TO CTA, MACY'S, HOTELS,
Say hello to Fisher Building Apartments, a historic landmark located at 343 S. Dearborn Street in downtown Chicago, IL. As a renowned Chicago icon, this elegant building offers a diverse range of studio, convertible, 1, 2, and 3-bedroom apartments, along with exclusive 2-bedroom penthouses. Our residences feature historic hardwood flooring, granite countertops, and European-style cabinetry, with
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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.
