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South Loop

Why you'd want to live in South Loop

The South Loop is one of Chicago’s most dynamic and rapidly evolving neighborhoods, offering an ideal blend of urban energy, historic charm, and lakefront access. Located just south of the Loop—the city’s central business district—the South Loop has transformed over the last two decades into a vibrant residential hub known for its sleek high-rises, converted lofts, and new luxury developments. It’s a favorite among professionals, creatives, and families seeking proximity to downtown with a slightly more relaxed vibe. One of the South Loop’s standout features is its direct access to some of Chicago’s most iconic landmarks, including Grant Park, the Museum Campus (home to the Field Museum, Shedd Aquarium, and Adler Planetarium), and Soldier Field. Lake Michigan’s shoreline is just steps away, offering biking and jogging paths with stunning city and water views. South Loop also has a rich history—it was once home to the city’s famed Printer’s Row, a historic district now filled with charming loft conversions and bookshops. That same mix of old and new defines the area today. You’ll find a range of architecture, from 19th-century buildings to modern glass towers, giving the neighborhood a visually eclectic appeal. The culinary scene here is equally diverse, offering everything from trendy cafes and rooftop lounges to classic Chicago deep-dish spots and international cuisine. Roosevelt Road acts as a major corridor with shopping options, including big-box retailers and independent boutiques. The neighborhood is also well-connected by public transit, with multiple CTA train and bus lines, making it easy to navigate the rest of the city. With its strategic location, cultural richness, and evolving skyline, the South Loop is a prime choice for those who want to live at the crossroads of nature, history, and modern city life. Whether you’re seeking a walkable lifestyle, panoramic lake views, or a front-row seat to Chicago’s constant evolution, the South Loop delivers.

South Loop Market Report

$504,607

AVERAGE PRICE OF 252 HOMES

$460,844

AVERAGE PRICE OF 9 NEWLY BUILT HOMES

$313,624

AVERAGE PRICE OF 8 HOMES WITH A POOL

$2,040,000

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$596,333

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

$269,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $504,607
Avg Bedrooms 2.03 beds
Avg Bathrooms 1.83 baths

Average Price by Bedrooms

1 bedroom $274,808
2 bedrooms $431,323
3 bedrooms $710,211
4 bedrooms $1,033,088
5 bedrooms n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Phillips Academy High School 53 $503,563 46 days
Jones College Prep High School 13 $485,138 28 days
Dunbar Vocational Career Acad Se 2 $399,500 10 days
Schurz High School 1 $499,000 10 days
Noble Street College Prep 1 $485,000 18 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 252 $504,607 47 days
Newly Built Homes 9 $460,844 38 days
Homes with a Pool 8 $313,624 59 days
Multi-Million Dollar Homes 13 $2,040,000 56 days
Reduced Price Homes 3 $596,333 51 days
Distressed Homes 1 $269,000 40 days
Compass Illinois Inc dba Compass
Rose M. Alvarez
2350 N Lincoln Ave
Chicago, IL 60614
773-255-8643
Illinois Licensed Real Estate Broker # 475123384
Compass Illinois Inc dba Compass – Illinois Licensed Real Estate Brokerage # 477013953

Based on information submitted to the MLS GRID by MRED as of April 19, 2026 4 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website. DMCA Notice