$435,054Average Value$376Average Price per Sq Ft68Homes 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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On average, homes in The Loop, Chicago sell after 49 days on the market compared to the national average of 52 days. The median sale price for homes in The Loop, Chicago over the last 12 months is $345,000, down 2% from the median home sale price over the previous 12 months.
First-class renovation with magnificent views of Lake Michigan, Millennium Park, The Bean and the city skyline from floor-to-ceiling windows - every room faces east! This one-of-a-kind home was renovated with a top-of-the-line design and finishes. The 3rd bedroom was opened up to the living areas and can easily be converted back to a bedroom. Beautiful oak wood floors, recessed LED lighting,
Iconic 1920's Art Deco Metropolitan Building with Grant Park and the Lakefront as its front yard. Breathtaking Skyline, Park and Lake views, protected. Enjoy spectacular Chicago Fireworks from the living room and bedroom windows! Unique East exposure at this price point. Luxury residence boasts elegant wood floors and tall ceilings. Inviting wide gallery foyer creates a warm feel and its perfect
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,
Incredible opportunity. Stunning unobstructed views of Millennium Park, the Lake and City Skyline in a luxury boutique building! Meticulously maintained 3 bed / 2.5 bath with preferred split floor plan and south-east corner unit. Spacious open floor plan perfect for entertaining. Kitchen features high-end appliances, marble countertops, plenty of storage, workspace and an expansive island open to
Forever views overlooking Buckingham Fountain, Grant Park & the Lakefront from every room! 6 picturesque windows capture the views of Grant park, and lake. Spacious entry with elegant gallery hall opens up to the living rooms and TV ares. Updated kitchen cabinets, tons of cabinets room, and counter space for prepping. Preferred split floor with generous primary bedroom, both bedrooms offer
Michael Gentile@properties Christie's International Real Estate
Live in luxury in downtown Chicago at MILA, offering a rooftop pool, fitness center, and lounge space for your relaxation and entertainment needs. Take a dip in the rooftop pool, work up a sweat in the fitness center, or unwind in the stylish lounge area with breathtaking city views. Inside your apartment, enjoy top-of-the-line amenities such as stainless-steel appliances, quartz countertops, and
This 2,800 sq. ft. residence at Metropolitan Tower offers 3 bedrooms, 3.5 baths, and stunning east-facing views of Grant Park, Millennium Park, Lake Michigan, Buckingham Fountain, The Art Institute, and Navy Pier-with front-row seats to summer fireworks. Features include hardwood floors, new bedroom carpet, crown molding, a large laundry room, and excellent storage. The open kitchen is
Discover MDA Apartments, a distinguished historic residence located in Downtown Chicago, IL. Our community combines timeless elegance with modern comforts, offering studio, convertible, 1, and 2-bedroom apartments, as well as penthouses. Each home features high ceilings, granite countertops, and stylish cabinetry. Residents enjoy a wealth of amenities including a hotel-style lobby, full-body
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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.
