Chicago South Loop Real Estate & Homes for Sale in Illinois
Bounded only by Lake Michigan, the diverse metropolitan city of Chicago has grown across the state’s flat plains. The city now includes 77 official neighborhoods with distinct collections of residences, retail stores and restaurants giving each neighborhood a unique flavor.
The city is organized on a rectangular grid divided into east, west, north and south—the South Loop of Chicago being by far the largest of the city’s four main sections. The area runs from Roosevelt Road to 26th Street and from Franklin on the west to Lake Michigan on the east and is located minutes outside the Loop, which is historically identified as that part of downtown where the famous elevated trains circle the city. The South Loop neighborhood offers a vibrant mix of old and new Chicago.
The very heart of the city and the home of its earliest settlers, South Loop encompasses historic homes and buildings, new condo and townhouse developments and fine restaurants. The area’s rich history is preserved in the restored mansions and museums of the Prairie Avenue Historic District. The Chicago Park District maintains the lakefront as well as many parks, including Grant Park, which hosts a number of festivals year-round. Real estate in the Chicago South Loop area is as diverse as the community itself. Whether you seek a high-rise condo, a cast-stone townhouse or a historic property, this unique area of the city is sure to meet your needs.
Price Range of Homes for Sale in Chicago South Loop
South Loop’s real estate market includes a small selection of single-family homes that can be found starting in the $770,000 range and condominiums/townhouses that are priced starting in the $275,000. If you’re looking to live in an exclusive loft or high-rise condominium in the heart of South Loop, expect prices to start in the $300,000 range and exceeding $6 million. The South Loop Chicago real estate market is made up of some of Chicago’s finest old neighborhoods as well as plenty of new ones, each with its own unique offerings and styles. Neighborhoods such as Museum Park, Central Station and Dearborn Park II form this historically rich and culturally diverse region. Single-family, detached homes are limited in this area, with home costs ranging in price from $770,000 to nearly $2 million for large estate properties. Towering condominium buildings such as the One Museum Park East Condominiums and cast-stone townhouses for sale such as those at Michigan Place, The Commonwealth, or Prairie Place are readily available, ranging in sale price from around $145,000 to about $3 million.
If you are thinking of buying or selling your home, just fill out the FREE REAL ESTATE INFORMATION REQUEST FORM. Then, top real estate agents Illinois Real Estate will provide you with any real estate information or assistance. All contents on this and related web sites are provided by Illinois Real Estate, specializing in Chicago South Loop real estate and home values in Cook County, Illinois.