$324,900
- 1 Bed
- 1 Bath
- 750 Sq Ft
1400 S Michigan Ave Unit 1807, Chicago, IL 60605
Joe Gozun Midwest America Realty, Inc.
Frequently Asked Questions
Is South Loop a good place to live?
South Loop is a good place to live. South Loop is considered fairly walkable and very bikeable with excellent transit options. South Loop is an urban core neighborhood. South Loop has 12 parks for recreational activities.It is very dense in population with 42.0 people per acre and a median age of 37. The average household income is $130,673 which is above the national average. College graduates make up 78.6% of residents. A majority of residents in South Loop are renters, with 69% of residents renting and 31% of residents owning their home. A local real estate agent serving South Loop can help you decide if this neighborhood is the right one for you. Learn more on our South Loop neighborhood guide.
How much do you need to make to afford a house in South Loop?
The median home price in South Loop is $349,943. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.76%, your estimated principal and interest payment would be $1,820 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in South Loop. Learn how much home you can afford with our Home Affordability Calculator. The average household income in South Loop is $131K.
What are the best public schools in South Loop?
The best public schools that serve South Loop are:
- South Loop Elementary School has a B+ Niche grade, a student teacher ratio of 17:1 and an average review score of 4.0.
- National Teachers Academy has a B Niche grade and a student teacher ratio of 16:1.
- Drake Elementary School has a C Niche grade and a student teacher ratio of 12:1.
What are the best private schools in South Loop?
The best private schools that serve South Loop are:
- St. Jerome School has an A+ Niche grade, a student teacher ratio of 9:1 and an average review score of 4.7.
- Old St. Marys School has an A+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.6.
- De La Salle Institute - Lourdes Hall Campus has an A Niche grade, a student teacher ratio of 17:1 and an average review score of 4.0.
What are the most popular zip codes in South Loop, Chicago, IL?
What are the most popular neighborhoods near South Loop, Chicago, IL?
The most popular neighborhoods near South Loop, Chicago, IL are Chinatown, Prairie District, Dearborn, Central Station and Dearborn Park.
Are home prices dropping in South Loop?
Yes, home prices in South Loop are down 2% in the last 12 months.
