The South Loop is one of Chicago’s most dynamic neighborhoods, and it’s also one that will look very different in the next decade. With high-profile tower projects underway and workers putting the finishing touches on the brand new McCormick Place Entertainment District, the South Loop is poised to become and even bigger economic hub for the city.
Fortunately, it doesn’t have to cost an arm and a leg to purchase in the South Loop. There are plenty of options in the $250,000 and under range—and they’re not all tiny units. Here’s a quick look at what $250K can get you from Printers Row to Motor Row.
↑ 2303 S. Michigan #210
This 800-square-foot one-bedroom loft on South Michigan Avenue can be yours for $225,000. Located in the heart of the old Motor Row District, this unit is steps away from shopping, dining, and public transit. The loft unit itself boasts tall windows and ceilings giving the main living space an open feel. Monthly assessment comes in at $377 and garage parking will cost an additional $30,000.
↑ 500 S. Clinton #342
For $235,000, this two-bedroom unit west of the river is tough to beat. It’s not in the heart of Printers Row or Motor Row, but you’re just steps from the Blue Line and the under-renovation Old Main Post Office. The finishes aren’t offensive and the $515 assessment seems to be on par with similar units in the area. Some nitpicks include the somewhat cavernous feeling floor plan and the balcony overlooking the Eisenhower Expressway.
↑ 800 S. Wells #1129
While it may not be as recognized as Marina City, Bertrand Goldberg’s River City in the South Loop was a groundbreaking development during the modernist period. And inside of its hulking Brutalist exterior are residences just like this one. Similar to Marina City, the units vary in terms of fit and finishes with some being totally untouched while others have been overhauled. This two-bedroom unit is one that is certainly a blend of finishes. It is currently available for $239,900 but the assessment will tack on an additional $800 per month.
↑ 900 S. Wabash #303
At 1,000 square feet, this loft is quite large for a one-bedroom unit. But there’s more to like here. It has a true industrial loft feel with its exposed brick walls and tall ceilings. Reclaimed wood barn doors are starting to feel a little dated and the chandelier over the bathtub is a bit much, but for the price and location, you can’t go wrong. The $406 monthly assessment is also quite reasonable compared to similar lofts in the area.
- South Loop Chicago [Curbed Chicago]