- Residential
- 4 Beds
- 5 Baths
- 5,491 SqFt
1000 South Michigan Avenue 71-ph2, Chicago
$8,500,000
The Loop
The Loop Real Estate Listings
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The Loop Real Estate Statistics
When it comes to the Loop real estate for sale, property-types commonly found within the area include high-rise condos, a big selection of apartments & condos for rent, and even a number of authentic loft conversions for those seeking an urban feel. The Loop’s boundaries are defined by Roosevelt to the south, the South Branch of the Chicago River to the west, Chicago River to the north, & Lake Michigan to the east. It's the area with the CTA 'L' tracks forming a loop around central downtown.
Property Types
(active listings)
Average Price:
$677,105
Total Listings:
1,547
Avg. Days On Market:
67
Avg. Price/SQFT:
$405
Highest Price:
$8,500,000
Lowest Price:
$110,000
Avg. Property Age:
224 YEARS
Basic Statistics
(active listings)
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What to Expect When Searching Real Estate in The Loop
Check out Loop lofts and see that the area is most well known for being Chicago’s central business district and home to the city’s core municipal offices. However, there’s actually much more to this part of downtown Chicago than just commercial high-rises and office space. Chicago’s main theatre district is positioned directly in the heart of the Loop, which is home to the iconic venues like The Chicago Theatre, the Oriental Theatre, and the Cadillac Place Theatre, among others; and Chicago’s most recognizable park, Grant Park, also calls the Loop home. If you’re looking to take in the wondrous skyline views from Chicago’s signature high-rise, take a trip over to the Willis Tower’s Skydeck Chicago, which also happens to be in the Loop and located at 233 S. Wacker Drive.
The Loop is a much underrated neighborhood when it comes to classic and historic loft condos that so many Chicago home buyers love. Most Chicago Loop loft conversions have more of an old-world feel, as opposed to some of the modern-contemporary loft buildings now being developed in the West Loop, and if you love those charming interior characteristics such as timber ceilings, exposed brick, and sprawling open layouts, a Loop loft for sale may just be the perfect housing solution.
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More About The Loop Real Estate Market
Given the general landscape of the area, The Loop real estate for sale mainly consists of condos and residential high-rises. Several of the Loop’s more recognizable condo buildings include The Legacy at Millennium Park, Park Monroe, Six North Michigan and 235 Van Buren—but numerous other Loop condo options are available, which range in price, layout, location, and more. For those who are searching Loop condos for sale and also happen to work in the neighborhood, it doesn’t get much better than being able to walk to work and avoiding the rush hour traffic that’s often associated with this part of the downtown region.
SEE WHAT MY SATISFIED CLIENTS ARE SAYING!
Thinking of buying or selling in Chicago?
Call or text me at (312) 330-3211 or check out testimonials from past clients just like you!
Terri McAuley is a Chicago real estate expert, especially when it comes to The Loop real estate for sale. Feel free to contact her or reach her by phone at (312) 330-3211.
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 Berkshire Hathaway Koenig Rubloff 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. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
Listing information last updated on August 3rd, 2020 at 7:00am CDT.