$525,000
- 2 Beds
- 2 Baths
- 1,616 Sq Ft
5 N Wabash Ave Unit 1201, Chicago, IL 60602
Martin Medenica
Martin Medenica
(773) 389-1513
Frequently Asked Questions
Is The Loop a good place to live?
The Loop is a good place to live. The Loop is considered very walkable and very bikeable with excellent transit options. The Loop is an urban core neighborhood. The Loop has 14 parks for recreational activities. It is very dense in population with 18.2 people per acre and a median age of 33. The average household income is $170,391 which is above the national average. College graduates make up 91.8% of residents. A majority of residents in The Loop are renters, with 78.5% of residents renting and 21.5% of residents owning their home. A local real estate agent serving The Loop can help you decide if this neighborhood is the right one for you. Learn more on our The Loop neighborhood guide.
Is The Loop, IL a safe neighborhood?
The Loop, IL is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in The Loop?
The median home price in The Loop is $350,000. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.1%, your estimated principal and interest payment would be $1,700 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $73K a year to afford the median home price in The Loop. Learn how much home you can afford with our Home Affordability Calculator. The average household income in The Loop is $170K.
What are the best public schools in The Loop?
The best public schools that serve The Loop are:
- South Loop Elementary School has a B+ Niche grade, a student teacher ratio of 17:1 and an average review score of 3.7.
- Ogden Elementary School has a B- Niche grade, a student teacher ratio of 227:1 and an average review score of 3.5.
- Wells Community Academy High School has a C Niche grade, a student teacher ratio of 12:1 and an average review score of 3.6.
What are the best private schools in The Loop?
The best private schools that serve The Loop are:
- Frances Xavier Warde School has an A+ Niche grade, a student teacher ratio of 10:1 and an average review score of 5.0.
- Immaculate Conception - St. Joseph School has an A+ Niche grade, a student teacher ratio of 7:1 and an average review score of 4.9.
- Montessori Academy Of Chicago has an A+ Niche grade, a student teacher ratio of 4:1 and an average review score of 4.9.
What are the most popular zip codes in The Loop, Chicago, IL?
What are the most popular neighborhoods near The Loop, Chicago, IL?
The most popular neighborhoods near The Loop, Chicago, IL are Printers Row, Dearborn Park, New East Side, South Loop and River North.
Are home prices dropping in The Loop?
Yes, home prices in The Loop are down 16% in the last 12 months.
