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South Loop Real Estate and Neighborhood Information

Get to know South Loop

A dynamic mix of history and innovation, Chicago’s South Loop neighborhood has flourished from a once booming commercial sector into one of the city’s hottest residential areas. Much of the area’s eastern edge encompassed by the Museum Campus, home to an impressive collection of cultural institutions including the Field Museum, Shedd Aquarium, and Adler Planetarium. Sitting along the scenic lakefront, the parkland area located around the Campus is an extension of another one of the South Loop’s amazing spaces—Grant Park. Known as “Chicago’s front yard” locally, Grant Park boasts 319 acres of green space and is host to many of the city’s festivals such as the Taste of Chicago, Chicago Blues Fest, and Lollapalooza. Perfect for nature lovers and avid sports fans alike, the South Loop is also home to Northerly Island and Soldier Field. The South Loop offers a variety of dining and entertainment options, and is the location of notable Chicago restaurants including Acadia, Niu B Sushi, Eleven City Diner, and so much more.

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South Loop Real Estate

The South Loop is the fastest growing neighborhood in Chicago, and as such, there is a wealth of diverse and unique housing options throughout the sprawling residential blocks that make up South Loop real estate. In 2006, nearly one-half of the condos that were sold in downtown Chicago were located in the South Loop neighborhood—that's nearly twice what it was just three years earlier. Low interest rates coupled with the urban renaissance that Chicago experienced in the 1990s laid the foundation for the ensuing boom in the South Loop which continues to see major residential development today.

In 1993, Mayor Daley moved from the neighborhood he grew up in (Bridgeport) to the South Loop, serving as the symbolic start of what would become a major housing explosion. Developers flooded in, quickly followed by homebuyers, eager to move into new loft conversions and shiny new high-rises.

When it comes to South Loop real estate, old commercial and industrial buildings are being converted to fashionable lofts and it seems like a new high-rise is erected every day. If you look towards the South Loop from the south or west, you'll see almost as many cranes as there are buildings. And while the urban loft lifestyle appeals to many single working adults, young couples, and retirees, the South Loop has proven itself an ideal neighborhood in which to raise a family because of its close proximity to the Loop, Museum Campus, and Grant Park.

Check out our South Loop home sales statistics to get an idea of the real estate market trends in this neighborhood.

South Loop Homes for Sale

South Loop market trends

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Thinking about making a move? Be prepared with a comprehensive look at the area market, delivered directly to your email every month. And don’t forget to contact your Dream Town broker if you’d like to discuss what this data means for your next move!

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