Why Live in The Loop
The Loop neighborhood in Chicago, known for its towering skyscrapers and bustling business district, has evolved into a vibrant residential area over the past few years. Residents enjoy a variety of amenities, including numerous grocery stores like Target and Mariano’s, and specialty shops such as South Loop Market. Dining options range from the retro Eleven City Diner to upscale seafood and steak restaurants along Wacker Drive. The neighborhood is home to several famous attractions, including the Art Institute of Chicago and the James M. Nederlander Theatre. Grant Park, a 312-acre green space, offers lakefront views, music events, and attractions like the Shedd Aquarium, Adler Planetarium, and Millennium Park’s Cloud Gate. The Loop also hosts numerous summertime events, such as free concerts in Grant Park and the Taste of Chicago food festival. Housing primarily consists of condos, with many luxury high-rises and renovated units built after 2000. Public transportation is highly accessible, with numerous CTA bus and “L” rail options. While public schools are limited, South Loop Elementary School is a highly rated option for K-8 students. The Loop remains a cultural hub with theaters on Randolph Street and the historic Chicago Theater.
Home Trends in The Loop, IL
On average, homes in The Loop, Chicago sell after 46 days on the market compared to the national average of 70 days. The median sale price for homes in The Loop, Chicago over the last 12 months is $449,000.
Median Sale Price
$449,000
Median Single Family Sale Price
$449,000
Average Price Per Sq Ft
$310
Number of Homes for Sale
0
Last 12 months Home Sales
2
Median List Price
$475,000
Median Change From 1st List Price
5%