Condos for Sale and Condos to Buy in Chicago's Hot South Loop Area

Posted by Helaine Cohen on Tuesday, August 5th, 2014 at 5:24pm.

If you’re interested in living in one of the hottest urban centers in the country, Chicago’s South Loop is the place to focus your search. We offer condos for sale in Chicago's South Loop, of course. From movie theaters that are consistently packed to excellent restaurants, what was once a hub for commerce that went dark after hours, the South Loop continues to evolve and beckon residents looking for a taste of big city living.

Chicago home owners who have lived in the city for decades likely remember a much different South Loop, where abandoned railroad yards and poverty were de rigeur. Now, there’s the Kerasotes ShowPlace Icon movie theater that charges $17.50 per ticket and a 1.3-million-square-foot complex that houses restaurants, retail shops, and housing. It’s undoubtedly a new lease on life for this part of Chicago, and as unemployment eases and more companies hire in downtown Chicago, more people are looking for parts of the city where they can move.

People are moving in to the neighborhood, buying and selling condominiums. It's amazing how a neighborhood can change and become a great value, or a great place to live. And condominium living in Chicago's South Loop area means an ease of convenience that can beat single family home ownership. Some of the newer condo projects for sale include The Grant at 1201 South Prairie, Adler Place 1629 South Prairie and Harbor Place at 1901 South Calumet.

In fact, the U.S. Census Bureau says that Chicago is adding residents faster than any other U.S. metropolitan area. Suburban dwellers are looking to move closer to the city center where the jobs and entertainment are, and downtown Chicago on the whole is a modern day boomtown.

Condominiums and the Great Inversion in Chicago

Journalist Alan Ehrenhalt, who wrote “The Great Inversion and the Future of the American City,” said, “In the year 2020, no matter how many condos are built or sold, Chicago is likely to be a nest of center-city affluence unequaled in size—or even approached—by anyplace in America.” So if you are looking to buy a condo or searching for 'condos for sale in Chicago's South Loop,' reach out to one of our area experts.

Mayor Rahm Emanuel’s continued focus on education in Chicago Public Schools and City Colleges of Chicago will help further strengthen downtown’s push to accelerate and grow. The city has also pledged to invest in the South and West Loop areas to entice more residents to come back from the suburbs and businesses to move here.

The young workforce wants to be downtown where the fun is. Adds veteran commercial developer J. Paul Beitler, “The city of Chicago is becoming truly a 24/7 place like New York.”

There are so many reasons to consider becoming a Chicago home owner! If you would like more information about living an urban lifestyle in downtown Chicago, please contact me at 312-953-0961. I’d love to show you around this truly remarkable city!

 
Helaine Cohen, Chicago Real Estate Broker

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