In the last ten years the South Loop has become a booming area of stunning high-rises, single family and town homes and exciting vintage condominiums. The South Loop is bordered by Roosevelt Road on the North, Michigan Avenue on the East, 18th Street on the South and Union Avenue on the West.
Many Chicagoans who work in the city's financial district and brokerage markets flock to the Printers Row and South Loop areas due to their close proximity on foot as well as by "L" or bus. The addition of Millennium Park to the East cemented this location as an area not to be missed when choosing a new place to set down roots.
The Field Museum, Shedd Aquarium, Adler Planetarium, Soldier Field, fine dining – tired yet? You will find all this and more right outside your front door.
In my professional opinion the real draw to the South Loop area is the stunning views afforded by the high-rise units. Sweeping city, lake and Millennium Park views rival any other location in the city. There is always a buyer looking for a view of Chicago's iconic skyline and from a resale perspective you cannot do better then the views North from the South Loop.
Since the area is so new, parking is available for the majority of the residents here. Ample street parking and yes, the occasional parking lot are available too. The Red, Green and Orange (which is your direct line to Midway Airport) "L" lines and over 7 CTA bus lines make living and commuting to this new and charmingly mellow area a breeze.
For over 150 years the South Loop remained largely an industrial location with little residential make-up. In the late 1800's, there was a very special and highly sought after location that most Chicagoans could only dream of living in and that was Prairie Avenue.
Now a Chicago Landmark and on the National Register of Historic Places, Prairie Avenue was once home to the elite of Chicago society. Homeowners such as Potter Palmer, Marshall Field, Philip Armour and George Pullman called Prairie Avenue home. Over 50 mansions lined Prairie Avenue at the time, garnering the name "Millionaire's Row".
Marshall Field lived at 1905 South Prairie and purchased 1919 South Prairie for his son, Marshall Field, Jr. He then hired Daniel Burnham to design additions to the property. In 2007 the Chicago Landmarks Commission announced the rehabilitation of the Marshall Field Jr. mansion which had been vacant for over 40 years. In 2004 it was converted to 6 luxury condominiums.
You can call me at 312-209-2264 or email me at Liane@OnlineChicagoRealEstate.com if you have questions regarding pricing, recent sales and availability in the South Loop area.