South Loop Neighborhood Information
Chicago’s South Loop Neighborhood begins at the Southern border of the Loop and spans the area between Lake Michigan and Clark Street. South Loop has recently risen to become a popular and desirable residential neighborhood. South Loop’s recent construction includes the Museum Park community of highrise towers, loft-style condos and single family townhomes. The South Loop offers close proximity to Lake Shore Drive, many major Expressways, CTA train lines and the downtown Loop area.
Formerly an industrial area that few people called “home”, the South Loop is now home to many young professionals, long-time Chicago residents and Chicago’s very own Richard M. Daley. The South Loop also contains Shedd Aquarium, Adler Planetarium, Field Museum and Soldier Field.
South Loop Condos For Rent
As a result of lots of recent condo development projects in the South Loop and a large number of investor-owned units, the South Loop offers renters a nice selection of newer construction condo rentals to choose from. Here is a quick breakdown of the types of properties available and price ranges.
The Museum Park Towers (I-IV) all offer the highest level of amenities such as state-of-the-art fitness centers, indoor and outdoor swimming pools, 24-7 doorman, heated attached garage parking, business centers, party rooms, movie theater rooms and beautifully decorated luxurious lobbies. Typical price ranges for units in Museum Park range from $2000-$3500/month for a 2br/2bath unit, $1500-$2500 for a 1br unit, $3500+ for a 3br and $1200-$1700 for a studio. The main factors that determine the rental price are floor plan (size), interior finishes, views, floor level and parking.
The South Loop also has a number of mid-rise elevator buildings, townhomes and loft-style units with features such as timber beams, exposed ducts, tall ceilings and exposed brick walls. The condominium townhouses in the 1100 – 1400 blocks are the most sought after and demand the highest prices, usually ranging between $3000-$7500 per month. The townhomes that are located further south tend to have lower price tags and can be found starting around $2000/month.