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Welcome to your local South Loop condos for sale resource. From the Shedd Aquarium to the Field Museum, the culturally aware and art-appreciate folks surely have many options. Home to the Chicago Bears, Soldier Field has become a top destination for Sunday football as well as many concerts. New restaurants continue to pop up along the streets of the South Loop, and the bar-goers have a surplus of watering holes on any night of the week. The South Loop real estate market can be found in zip codes: 60605, 60607, 60608 and 60616. For more information on South Loop properties for sale or to schedule a private showing, contact your Chicago real estate experts today!
South Loop real estate for sale is rapidly becoming one of the hottest urban neighborhoods in Chicago and it does not seem that the area will cease development and growth anytime soon. Prospective homebuyers have a wealth of newly built high-rises and townhomes from which to choose when in search of a new home in Chicago's South Loop real estate market. In addition to the increasing amount of urban residences, the South Loop houses some of Chicago's top tourist attractions and sports venues.
Real estate in Chicago's South Loop is defined as Congress Parkway to the north, Lake Michigan to the east, the south branch of the Chicago River to the west, and Cermak Road to the south. As in any city neighborhood though, the boundaries are a little flexible.
South Loop real estate is dominated Lofts and by new high-rise condominium buildings. The South Loop lakefront offers some of the city’s best views overlooking the Museum Campus, Soldier Field, and Lake Michigan to the east, and the downtown skyline to the north and east. There are areas of mid-rise condos, townhomes, and single-family homes away from the lake.
The South Loop neighborhood has experienced a building boom that has created a lot of unsold properties. South Loop was also one of the many areas of downtown to get hit by investors overbuying un-built condo units. So now, more than ever, with interest rates low, prices lower, and more sellers in the South Loop than ever before, it is a great time and place to buy real estate. The South Loop has a myriad of housing options to fit the lifestyles of young adults to growing families and "empty nester" retirees.
South Loop real estate for sale consists of mostly attached housing options: condominiums, lofts, and townhouses. A one-bedroom condo in the South Loop can start as low as $165,000 ranging to almost $400,000; a two-bedroom most often in the $2750,000 range and higher. Townhomes in the area are selling for a little less than $600,000, and the rare single-family homes can start at $1,250,000 -$3,000,000.
Most South Loop condos are located very close to nearby amenities like grocery stores, parks, restaurants, and entertainment. There are some great schools in the area for families with children, including Charter Schools and a college prep school. There are many big box retailers in the area, including a newly opened Whole Foods Market, Target, and Office Depot. There is also a 16-screen theatre scheduled to open in the South Loop area in the fall.
Amidst the towering high-rise buildings and crowded streets are some of the city’s finest dining establishments. From the Chicago Firehouse Restaurant to Flo & Santos, Plymouth Grill and Tapas Valencia to name a few, those seeking an upscale feasting environment without the lines and long wait times are flocking to the tables within the South Loop.
Looking to purchase a condo or loft in South Loop? Let our Chicago real estate team guide you through the sale of your current residence or the purchase of your new South Loop property. As local real estate agents, we have up-to-date information on the unique dynamics of the South Loop real estate market.
Contact the Seventy7 Group at Fulton Grace to learn more about representation for buyers and sellers. Preparing to sell your South Loop property? Head to our free market analysis page for a condo value estimate within moments.