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South Loop Real Estate and Neighborhood Information

Get to know South Loop

The South Loop is fast becoming one of Chicago's hottest and most dynamic neighborhoods. As more people are attracted to the idea of living, working and playing in the same area, demand for stylish, modern housing is increasing in the South Loop. Investors, developers, and city organizations are on the ball, successfully constructing new condominiums and townhomes as fresh businesses pop up in their wake. Aside from a flourishing market of urban dwellings, the South Loop is home to many of Chicago's top tourist attractions. People from all over the world flock to the lakefront Museum Campus for a visit to the Shedd Aquarium, Adler Planetarium, and Field Museum. And when there's a Bears game in town, the South Loop is overrun with fans going to Soldier Field to watch the home team. A notable lineup of prominent Chicago restaurants is also found in the neighborhood. Dine in fashion along Michigan Avenue or join the workers who grab a midday bite at the surplus of South Loop cafés and delicatessens.

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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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