$432,530Average Value$374Average Price per Sq Ft67Homes 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.
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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.
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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 $340,000, down 9% from the median home sale price over the previous 12 months.
Unsurpassed views of the lakefront & Millennium Park from this rarely available 4-bedroom 3 full bath Southeast corner residence at the award-winning Heritage at Millennium Park building. The 4th bedroom has been opened to the kitchen as a great room or office, but could easily be converted back to a bedroom with a full bath. Gracious open floor plan offers 2,450 sq ft of living space. Fabulous
Barbara Proctor@properties Christie's International Real Estate
Discover urban elegance in this highly upgraded 3BR/3BA residence on the 41st floor of the Heritage, perfectly positioned on Chicago's Cultural Mile for downsizers and second home buyers seeking proximity to theater, Millennium Park, Lake Michigan, and the Museum Campus. Breathtaking North/East/West corner views of the city skyline, lake, and park unfold through floor-to-ceiling windows,
Be prepared to be impressed with this 51st floor home, the highest condo in the Skyline Tower, sits right below the penthouse floors. This beautiful 3 bedroom, 3 full bath home, enjoys direct views north, east, west and south views with a little tilt of the head. Upon entering the home, a wide foyer greets you, and includes room to sit down and take off your shoes. You will be drawn to the living
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
Welcome to The Heritage At Millennium Park! An impeccably maintained full amenity residence with 24-hour doorman, on-site management, pool, fitness center, party room, fabulous terraces, dog run, storage and is included in the extensive downtown underground pedway system. This 3bed 3bath, original homeowner unit was finished with every upgrade offered and has been updated recently as well. New
Experience sophisticated city living in this completely reimagined and one-of-a-kind Loop condo. Perched on a high floor with sunny southern exposure and a private balcony, this residence has been thoughtfully modernized with a brand-new kitchen, updated baths, refinished hardwood floors, fresh contemporary paint, and commercial-grade lighting that elevates every space. Two bedrooms, or one bed
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
This unit is all about LOCATION, LOCATION, LOCATION! WITH A PARKING SPACE, this unit fits the masses! Steps away from Grant Park and Buckingham Fountain, this 20th floor unit has it all! Step inside, leave your coat and shoes in the foyer closet and enter your new home. You'll immediately notice the tall ceilings and bright sunshine streaming in through the windows. Walk past the kitchen
Soaring above the iconic Michigan Avenue and the stylish citizenM hotel, Millie on Michigan stands as a striking symbol of modern luxury and design. Located at the prestigious address of 88 E Wacker Pl, the tower offers a collection of meticulously designed studio, one-, and two-bedroom apartments that frame breathtaking, panoramic views of Lake Michigan and the city skyline through expansive
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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.
