West Loop Real Estate For Sale - Chicago IL

 

West Loop real estate for sale is a growing community which exemplifies the city lifestyle in downtown Chicago. With its parks, restaurants, and close proximity to downtown Chicago, West Loop real estate is rapidly becoming a neighborhood in which people are choosing to reside and work. The West Loop real boundaries are gravitating westernly, but generally the West Loop is bordered by Lake street to the north, the Kennedy Expressway to the east, Ashland Avenue to the west, and the Eisenhower Expressway to the south. 

The average price for a one-bedroom condo for sale in West Loop is around $250,000 two-bedroom averages $400,000, and a single-family houses averages around $1,200,000.

Sale

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000

Rental

All Listings $2,350 - $3,000 $3,000 - $4,000
$4,000 - $5,000 $5,000 - $6,000 $6,000 - $7,000
Over $10,000
New Listings First
316 Properties Found.
Page 1 of 7

450 May Street

$1,850,000

MLS#: 09634975, West Town
CHICAGO, IL
0.06 Acres
Commercial

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West Loop Chicago History

West Loop Real Estate For SaleChicago's West Loop neighborhood is one of Chicago’s newer neighborhoods. It has only recently begun to be developed, and thus its history is short and fairly straightforward. The area was first inhabited in the 1800’s by immigrants, many from Eastern Europe and Russia, who came to this region looking for employment. While the first settlers did find homes right here in the West Loop, much of the area was a warehouse district, full of factories and businesses. When Greektown was discovered later in the century, some commercial sites were developed as well.

In the 1920s Prohibition prompted the Dry Law, and a wave of immigration brought in a diverse group of folks, some of whom only came to work in the factories and ended up residing in the neighborhood by default.  The area continued to experience growth, and then 40 years later, when the University of Illinois expanded to open its Chicago campus (located just south of the West Loop), the demand for housing increased significantly.  With this housing trend emerging, builders developed new properties and thus, warehouses were converted into modern lofts and condominiums.

West Loop Chicago: Modern Day

This ultra-urban, former warehouse district is one of Chicago's hippest, up-and-coming neighborhoods, located just steps away from Loop.  The West Loop shares corner space with fine galleries and some of the city's trendiest lofts and condominiums great for those who like being next to downtown, but enjoy a little breathing room as well.  Even though the neighborhood had its start as an industrial storage center, the West Loop is making up for lost time by infusing the area with as much active life and entertainment options as space will allow.  Beginning with a couple public parks, the community is far from deprived of open expanses of green or recreation opportunities these days.  In fact, West Loop's Union Park is more than a playground since it doubles as an annual outdoor festival venue for the popular Pitchfork Music Festival.  Fashionable, trendy local restaurants also help distance the neighborhood from its uninhabitable days with every taste from fusion sushi to a cluster of Athenian-inspired establishments collectively referred to as the one and only Greektown.

The majority of the real estate located within the West Loop is primarily shared housing with high-rise condominium buildings closer to downtown with lofts and townhomes nestled further west. When the warehouses in the West Loop closed, the raw space lent itself to designers and architects to convert these spaces to loft office buildings and residential units. The West Loop has the highest concentration of exposed brick and timber lofts in the city. West Loop real estate is popular for a few reasons: it makes for an easy to commute to work, and the area has a wealth of real estate from which to choose. The West Loop is one of the best neighborhoods in the city to integrate modern living with the history of the community.

 

 

 

West Loop Restaurants and Hot Spots

From contemporary bites to fusion fare to succulent sushi, the West Loop is a crowd-pleaser for various types of appetites.  Perhaps the most popular dining extravaganza located in Chicago’s West Loop neighborhood, “Restaurant Row”, is a street not to be missed when in search for an array of cuisines.

Newer to the scene and perhaps one of the most unique Chicago dining experiences, Next Restaurant has created a dining experience buzz not similar to any other you may have had in your life!  Instead of accepting reservations, the restaurant operates on a ticket policy in which patrons can purchase tickets.  The tickets are inclusive of food and beverages, and all sales are final.  While Next may be fabulous, do not hold your breath, as it seems the venue is impossible to get into at the moment!

While strolling throughout the West Loop neighborhood, you will surely stumble upon Greektown, essentially a neighborhood within a neighborhood, which is filled with delectable tastes and treats.  Chicago’s Greek culture introduced gyros and saganaki (flaming cheese) to the entire country back in 1968.  Restaurants opened left and right throughout the late 20th century, and soon, a booming area rich in tradition, culture, and heritage was formed.  For unbeatable Greek flavor, dine at the Athena Restaurant, Greek Islands Restaurant, Pegasus Restaurant & Taverna, or Santorini Restaurant.  A bakery and café that you shall not pass up (unless allergic to fluffy goodness) is none other than the Artopolis Bakery, Café, and Agora.

Annual Events in the West Loop Neighborhood

Each year during mid-June, Chicago's West Loop neighborhood hosts the Taste of Randolph Street festival. The top-rated West Loop chefs join one another for a 3-day celebration along the 6 blocks of Randolph Street, between Racine Avenue and Peoria Street.  In addition to the tasteful eats, festival goers can purchase hand-crafted merchandise and unique artworks.

Why is West Loop Real Estate So Hot?

Learn More About the West Loop Real Estate Market Below

Chicago’s West Loop neighborhood is the epicenter for true loft living for residents who want to keep it real and raw. Loft condos abound in this West Loop neighborhood bordered by Lake St. on the north, the Eisenhower Expressway on the south, the Chicago River on the east, and Ashland Avenue on the west. Modest one-bedroom starter lofts begin in the low $160Ks, and go to $1.5million for a super-charged penthouse on three levels with parking included.

West Loop Real Estate Statistics

Total Listings: 13,951
Average Price: $493,077
Highest Price: $50,000,000
Lowest Price: $0

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For more information about West Loop real estate for sale, contact Ted Guarnero today at 844-SEE-CHICAGO.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Conlon Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on May 28th, 2017 at 7:06pm CDT.