Why Live in South Loop
South Loop in Chicago, once a hub for railroad and printing industries, has transformed into a vibrant neighborhood with a mix of residential and commercial spaces. The area features a diverse culinary scene, with popular spots like AO Hawaiian Hideout and various eateries in nearby Chinatown. Local businesses, including Sandmeyer’s Bookstore and South Loop Market, contribute to a strong community vibe. Residents enjoy convenient shopping at Trader Joe’s, Jewel-Osco, and the Roosevelt Collection Shops. Grant Park, a major attraction, offers year-round activities, including walks along Lakefront Trail and events like The Taste of Chicago and Lollapalooza. The park also houses Museum Campus, home to Chicago’s three largest museums. South Loop is well-connected, with Roosevelt Station providing access to the rest of the city and Chicago O’Hare International Airport. The neighborhood is bike-friendly, with wide sidewalks and bike lanes. Housing options range from late 19th and early 20th-century industrial buildings converted into condos to modern high-rise condominiums, many featuring brick-clad exteriors. South Loop Elementary School, serving Kindergarten through grade 8, is highly rated. Despite occasional traffic from events at Soldier Field and McCormick Place, South Loop remains a desirable area with a mix of historical charm and modern amenities.
Home Trends in South Loop, IL
On average, homes in South Loop, Chicago sell after 289 days on the market compared to the national average of 70 days. The median sale price for homes in South Loop, Chicago over the last 12 months is $114,500, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$114,500
Median Single Family Sale Price
$114,500
Average Price Per Sq Ft
$54
Number of Homes for Sale
0
Last 12 months Home Sales
151
Median List Price
$94,500
Median Change From 1st List Price
-21%
Median Home Sale Price YoY Change
4%