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South Loop Neighborhood Summary

Updated: Feb 16, 2022

Neighborhood Report

Cost of Living: Above Average Public Transit: High Nightlife: Above Average Restaurants: High

 

The South Loop neighborhood is a mix between beautiful private residences and high-rise apartments. This neighborhood is known for its many family friendly communities and close proximity to the Loop Central Business District (CBD), the parks, and the lake-shore. South Loop has experienced significant growth in the last decade as developers continue to look for new areas to build high-rise apartments and condos. South Loop has seen some of the most exciting developments in the past decade.

 

Location

The South Loop neighborhood is located south of downtown Chicago (the Loop) and is a part of Chicago's beautiful skyline with its many high-rise buildings. South Loop has very easy access to the subway Red, Green and Orange Lines as well as many bus routes. South Loop is just minutes away from Grant Park and the Shedd Aquarium. Additionally, if you are a Chicago Bears fan, you are only a 10 to 15 minute walk from Soldier Field. Being near the Loop, South Loop also has quick access to the city's commuter train lines.

 

Cost of Living

The South Loop neighborhood is a slightly more affordable neighborhood to live in as it is less dense than the other neighborhoods and does not offer as many restaurant and nightlife options as some of the other neighborhoods do. Rents typically range from $1,400 through $5,000 per month depending on the size, location, newness and the level of luxury of the apartment building. Condos and private homes can exceed $5,000,000+ depending on the historic value, upkeep and size. As all other downtown Chicago neighborhoods, parking ranges from $150 to upwards of $300+ per month. In summary, this historic neighborhood is beautiful, calm and conveniently close to many of Chicago's historic sites. South Loop has the perks of living close to the lake, Grant Park, the Loop, running routes and in a family friendly setting. This wonderful downtown neighborhood is definitely a worthy consideration if you are looking for city living in Chicago.

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