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Contrary to many other types of properties, lofts are generally concentrated in a few parts of the city. Lofts in downtown Chicago are among the most plentiful, with other properties located just outside of the Loop area.
The majority of Chicago lofts are renovations of reclaimed industrial properties, such as warehouses. Originally, these units were designed as affordable artist spaces, but have over time become highly desired properties, available in a range from “raw” or unfinished spaces, to upscale styles with high-end fixtures. Lofts in Chicago tend to be characterized by several distinctive features:
Contemporary lofts in downtown Chicago have also been developed in newer buildings, placing a priority on preserving the aesthetic appeals of the industrial loft space when possible. Current building code restrictions may prevent some of these newer Chicago lofts from adhering strictly to their classic designs, but developers will often include more comfortable, modern features.
In addition to the enjoyment that Chicago loft owners get from their unique homes, they may also be pleased by the growing vibrancy of their up-and-coming surroundings. Neighborhoods where these properties are located—including River North, West Loop, and South Loop — have gradually bloomed into cosmopolitan centers that offer exceptional shopping, dining, and nightlife options.
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