South Loop Real Estate News

Information about South Loop real estate news. Read about everything happening around South Loop, including new construction updates, market tidbits, and anything that relates to commercial and residential real estate in South Loop. Also start browsing active South Loop real estate for sale, or contact Gold Coast Realty for help with your home or condo search around Downtown Chicago.

There are currently 25 blog entries related to this category.

The Chicago city housing market cooled in the first quarter of the year, with the city performing much like the suburbs. Of the city’s 77 neighborhoods, sales were down in more than half of them during the first few months of 2019. Local agents have seen homes in some neighborhoods take longer to sell than they did during the same time period a year ago.

Analysts look at three key measures in determining a local market’s vitality. This includes the number of homes sold, the average time homes sit on the market and the median sale price.

In condos and townhomes specifically, no city neighborhoods saw improvements of all three measures during the first quarter of the year. In fact, only two neighborhoods in the Chicago area saw improvement in all three key

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Chicago-based developer Draper & Kramer has officially started work on a new 24-story, 275-unit apartment tower at 2111 S. Wabash Avenue. Despite securing City Council approval back in 2016, the firm was apparently waiting on other development near McCormick Place to happen before starting construction for their latest South Loop project.

Major development throughout Chicago’s South Loop neighborhood certainly isn't lacking and has actually been fairly widespread in recent months and years. The new Wintrust Arena project and a number of hotels have recently been added to the area’s landscape, and high-profile projects like NEMA, Essex on the Park, and 1326 S. Michigan are also getting closer to being finished as well.

Renderings on the new 2111 S. Wabash

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The South Loop apartment market is booming right now and it's showing no signs of slowing down. Here's a closer look at where you might find a great luxury apartment or condo for rent in the neighborhood heading in the busiest time of year for home buyers and renters.

1345 S. Wabash

The newer construction designs of 1345 S Wabash offer the enjoyment of modern, loft-style living in the South Loop. At the same time, the building’s affordability is certainly something you won’t want to overlook in 2019. The property offers up such desirable extras as hardwood flooring and high, exposed concrete ceilings.

1407 S. Michigan

With nearly 200 rentals in all, 1407 S Michigan allows for everything from studios to three-bedroom apartment homes. The South

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One of the most ambitious new projects in recent memory is reportedly in the works, and it’s a development that could drastically alter the lakefront landscape as we know it. According to a report from Crain’s, plans could potentially call for a mix of residential, office, and retail space that would encompass roughly 34 acres OVER the railroad tracks just west of Solider Field.

As mentioned in the Crain’s report, Wisconsin developer Bob Dunn, along with Chicago developer Gerald Fogelson, who purchased the air rights over the railroad tracks over 20 years ago, are part of the development group leading the effort, and their proposal will also be presented to the public by Alderman Pat Dowell, whose ward includes the development site.

If approved, the

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South Loop Condos Under $300KChicago's South Loop neighborhood is loaded with high-end condos that often feature some of the best city and lake views in town. But along with all the luxury condo residences you'll find just south of the Loop, it's also a place where buyers should find a nice variety of options under $300,000 as well.

1345 S. Wabash

With nearly 150 different units to choose from, 1345 S Wabash offers plenty of options for buyers in the South Loop. Currently, selections include one-bedroom, one-bath residences for well under $300,000.

1111 S. Wabash

Additional options exist within 1111 S Wabash. This building also offers a one-bedroom, one-bath unit for under $300k, additionally complete with a large terrace and building amenities ranging from a roof deck to

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Thinking of buying a condo in the South Loop? Well, before making any final decision, check out which South Loop condo buildings offer the best views of the city and Lake Michigan. What you'll find may just impact whatever you decide for the better...

The Grant - 1201 Prairie

Rising up more than 50 stories, 1201 Prairie enjoys amazing park, lake and city skyline views. A short walk from some of the area’s most popular attractions, floor-to-ceiling windows and private balconies only compliment the space.

1000M - 1000 S. Michigan

At more than 70 stories, the glass tower at 1000 S Michigan is also expected to deliver amazing views of the lake, downtown, as well as Millennium Park and Grant Park. This new building enjoys everything from a

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Chicago is widely considered to be one of the most dog-friendly cities in the country. With over 20 individual off-leash dog parks in the town and dozens of high-rise condo buildings that not only allow dogs inside the building, but also feature a host of in-building amenities that specifically relate to pet owners, it's certainly hard to argue otherwise. 

But if you're looking for a new condo or home for sale around the downtown area however, pet facilities are a bit more scarce and there aren't quite as many dog parks available to home owners on, say, the north and west sides of town. So if you're trying to balance a great downtown Chicago location with easy access to a downtown dog park as well, here's a closer look at where you may want to begin

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Downtown Chicago isn’t short sweet residential loft conversions, especially in neighborhoods like River North and the West Loop. But if you don’t mind living a bit further south, or perhaps just want a little more bang for your buck, Chicago’s South Loop neighborhood also has quite the selection of fabulous lofts currently on the market, starting with what you’ll find in these top buildings.

1530 S. State

Sometimes called Dearborn Tower, 1530 S State enjoys loft-style units with a number of spacious floor plans. In addition, many of the residences of this building offer the advantage of exceptional skyline views from the private units and from the building’s sundeck, as well as an array of other added amenities.

711 S. Dearborn

The options are

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Work Live Spaces ChicagoIt seems more and more people are starting to work from home, at least during part of the work week, and if you find yourself in a somewhat similar situation, it’s important to consider not only your personal needs when looking for a new condo for sale in downtown Chicago, but also your professional needs as well.

A Forbes article from 2013 estimated 30 million Americans work from a home office at least once per week, with a study from Telework Research Network estimating that number is expected to increase by 63% in the next five years. New technologies like video conferencing are making travel and office expansion less necessary, which is just one contributing factor in the growing trend of working from home. Other benefits include cutting down on

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It’s a mixed bag for luxury condo prices in Chicago right now. While some buildings are selling for a higher price per square foot, others are down in price.

Perhaps one of the biggest names right now is Trump, and reports suggest the condos at Trump International Hotel & Tower are among those down in price. According to some published reports, the sale price per square foot within the Chicago River tower was down about 12-percent from 2016 to 2017. In comparison, reports list the average sale price per square foot in 340 On the Park, located in Lakeshore East, up about 12-percent during the same time period.

While some brokers suggest it could be a reflection of the Trump presidency, others suggest increasing completion from newer construction, luxury

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