Luxury Condos in The Loop Growing in Popularity

Posted by Leo Clark. on Monday, February 15th, 2016 at 1:53pm.

When you think about luxury real estate in Chicago, neighborhoods like River North and the Gold Coast likely come to mind pretty quickly. But as The Loop becomes more and more residential-friendly, luxury home buyers are also starting to make their way to the heart of downtown Chicago’s commercial core faster than you might think.

Don’t believe us?

As of today, roughly 20 listings are currently on the market in the Loop priced at $1 million and over, which certainly says a lot about where the market currently is, and where it might be heading in the not-so-distant future.

For now, the record sales price for a condo south of the main branch of the Chicago River is $5.2 million, but with luxury inventory increasing and evolving, and with so much high-end development on the way in the nearby South Loop neighborhood, it seems like only a matter of time before we see that record broken.

For reference, a total of 6 condo units north of the main branch of the Chicago River sold for over $5 million within the past 12 months alone. So while luxury real estate in the Loop certainly seems to be on the upswing, the demand for lavish living spaces in neighborhoods like River North, Streeterville, and the Gold Coast certainly isn’t going anywhere any time soon either.

For a look at the top 15 most expensive condos for sale in the Loop right now, check out the listings below, or give us a call today if you’re considering a move to the area!

Check Out The Loop's Top 15 Most Expensive Condos on the Market Below:

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32 Properties Found. Showing First 15 Results.

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