Lake View, Lincoln Park, the Gold Coast—these are neighborhoods we know and love when it comes to Chicago real estate in a can’t-beat-it location. But there’s a new neighborhood on the tip of buyer’s tongues: the West Loop.
Historically a factory and warehouse district, the West Loop today is filled with things to do, from dining at a new restaurant to perusing an art gallery. Just west of Chicago’s business district, the West Loop is a calming escape from downtown without leaving the city behind, making it a new destination for young working adults and families alike. The neighborhood was even recently highlighted by the Wall St. Journal as a hot area for working and living in the city.
And real estate buyers aren’t the only ones flocking to the near west side. New restaurants, retailers and businesses (Google, Twitter and Uber to name a few) have all made recent moves or plans to the West Loop, which has in turn spurred the development of luxury condos nearby.
Here are a few things that have folks headed west:
Restaurant Row: This foodie-friendly area is just that. An edible enclave with sushi, bakeries, breweries, butcher shops and more all within a few blocks of each other, including Girl and the Goat, Vivo and many others.
Industrial edge: The warehouse style of the West Loop isn’t gone, nor forgotten. But when it comes to real estate, that urban aesthetic can be found in upscale lofts and other charming converted buildings.
Creative confines: Art galleries, design stores and culture spots in Greektown are just a handful of ways to keep busy in the west loop
Schools: West Loop is home to Mary T. Skinner West Elementary school, which is ranked among Chicago’s top public schools.
Luxury real estate: Smaller communities within the West Loop like the Fulton Market Center and the Randolph Street Corridor have become ideal locations for developing high-end condos that allow for a quick commute to work and plenty to do for play.
Luxury Real Estate in Chicago’s West Loop
There are a number of Chicago condos to choose from in the West Loop. High-end real estate here offer generous square footage, and you get much more for your money in the West Loop than you might along the lake, which can cost as much as $1,200 per square foot. Without a lot of inventory, properties here move quickly–but, here are a few examples of what you might find in the West Loop:
333 N Canal St, Unit 3301
List price: $1,500,000
Square footage: 2,855
Price per square foot: $525
This 3-bedroom condo is currently on the market, offering forever views of Chicago’s iconic architecture. The home is classically appointed with sophisticated finishes and a great floor plan that includes 11-foot ceilings, a 350-square foot gallery/foyer, private master suite and stone flooring throughout. Three deeded parking spaces are also included.
728 W Jackson Blvd, Unit 1001-02
Sold price: $1,547,500
Square footage: 5,619
Price per square foot: $275
This stunning corner unit was sold for an incredible price for the space it offers. The open layout includes a formal dining space, chef’s kitchen with granite, Sub-Zero and Wolfe appliances, custom built-ins throughout and a huge master suite. It also includes 3 heated garage parking spaces.
333 N Canal St, Unit 3702
Sold price: $1,589,000
Square footage: 4,163
Price per square foot: $381
This barely-lived-in penthouse is located in the Riverbend building, with 12-foot floor-to-ceiling windows, 360-degree views of the lake and river and two enormous, private terraces. The floor plan allows for open living spaces and 3 large bedrooms.
122 S Aberdeen Ave, Unit 6N
Sold price: $1,601,844
Square footage: 4,286
Price per square foot: $373
A combined top-floor unit just built in 2012, with an elegant interior that features 11-foot ceilings, stone counters, contemporary Italian cabinetry, private elevator access and much more.
333 N Canal St, Unit 3701
Sold price: $1,799,000
Square footage: 4,100
Price per square foot: $438
Another Riverbend unit, this penthouse was completely renovated to include more than $750,000 in upgrades like a chef’s kitchen, Poggenpohl cabinetry and top-of-the-line appliances. You’ll also find breathtaking views of the city and lake, large terraces made for entertaining, walnut floors throughout, a huge master suite with oversized bedroom. Riverbend is also a full amenity building within walking distance to downtown.
To see what’s on the market in the West Loop or take a stroll through this up-and-coming neighborhood, contact me. I’d be happy to show you what everyone is loving about the West Loop. Contact me at (312) 498-5080 or email me at firstname.lastname@example.org.