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South Loop:

The city of Chicago includes the South Loop in its estimation of the fastest growing residential areas of the city. The building boom in the South Loop, evidenced by the many cranes that tower above the area, is expected to continue for years. Developments and conversions are everywhere. Because of the massive development effort, the infrastructure is being revitalized, and a new police station opened in 2002. The boundaries of the South Loop are Jackson Drive to the north, Roosevelt Road to the south, Lake Michigan to the east and Halsted Street to the west.

Typical Rents
Studio
1 Bedroom $1,200 - $1,900
2 Bedrooms $1,600 - $2,500
3 Bedrooms $2,300 - $3,500

Average Buying Price
Studio
1 Bedroom $400,000
2 Bedrooms $487,000
3 Bedrooms $780,000

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