Now is the time to purchase your dream Chicago home. Prospective buyers have more properties throughout the Chicago area to add to their wish list, including the West Loop. The West Loop is currently one of the hottest Chicago neighborhoods to purchase a home.
The actual amount of available properties has increased over 17 percent from this time last year. Home prices in the Chicago market have been rising at the slowest rate in three years. This helps homebuyers bargain with sellers to keep the price low. Currently the median sale price is $287,500, which is an increase of 4.5 percent from previous months.
According to Zillow.com, the median price of homes currently listed in the West Loop is $267,900. Home values in this area have risen over 14.9 percent over this last year. If renting is an option, the median rent price is $1,825.
The West Loop remains home to many singles and families who love this amazing neighborhood. It has undergone a remarkable transformation. From “Restaurant Row” to Greektown, there is no shortage of diversity for buyers looking for that perfect home in Chicago. There are multiple means of transportation to other areas of the city and to the suburbs, such as the Metra, CTA, and the interstate. If that isn’t enough, here’s a sampling of some of the best shopping, dining, and attractions in the historic West Loop.
Shopping and Dining
- Fulton Market Kitchen: located at 311 N. Sangamon St, this unique restaurant brings together amazing cuisine and creative artists. While patrons dine on contemporary dishes they can watch artists bring their work to life. The art collections are rotated each week so customers can experience different artistic styles along with a weekly art series called ‘5×5’, where diners can observe the artists.;
- Lou Mitchell’s Restaurant: this famous breakfast restaurant has been serving local residents, famous celebrities and presidents since 1923. Located at 565 W. Jackson Blvd., at the beginning of Route 66, Lou’s has been a stop for many on the campaign trail. The menu consists of fresh squeezed orange juice, homemade pastries and breads, and their famous donut holes.
- Pegasus Restaurant & Taverna: located in the heart of Greektown at 120 South Halsted St, Pegasus introduces customers to authentic Mediterranean cuisine. Such items as Spanakopita, Pastitsio, and Dolmades, friendly service and perfect ambience help diners to experience the true nature of Greek cuisine
- Carnivale: if you are looking for an ambience like no other in Chicago, Carnivale, is the place to dine. Located at 702 West Fulton Market, the décor, amazing food, and reasonable prices will bring diners back again and again. The Latin-American cuisine features unique dishes such as the Ropa Vieja appetizer featuring sweet plantains with braised brisket topped with a sauce, and for dinner, Arrachera, grilled skirt steak with a chimichurri sauce. With a 4 out of 5 star rating on Yelp, Carnivale is one of the hottest Chicago area restaurants.
- Grange Hall Burger Bar: located at 844 West Randolph Street, this burger joint serves only the freshest ingredients with grass-fed beef. The décor gives the impression of being on a country farm with antique linens and cowbells. Make sure to leave room for dessert; you won’t want to miss the homemade pies and ice cream.
- Macello Ristorante: the smell of freshly made pizza draws diners into this quaint Italian restaurant located at 1235 West Lake Street. Macello is a family friendly venue that serves the best Italian cuisine in the West Loop. The servers are educated in pairing wine with your meal, which will help you choose from the large wine selection. With a meal reminiscent of homemade cooking and a 4 out of 5 Yelp rating, Macello Ristorante is the perfect place to enjoy a wholesome Italian meal.
Entertainment and Recreation
- Lyon & Healy Hall: With a view of the Chicago skyline in the background, this theater, located at 168 N. Ogden, can hold up to 200 patrons for a variety of performances such as chamber music, educational programs, and concert series.
- City Winery: located at 1200 W. Randolph St., this small venue seats 300 people and hosts a variety of performances. Popular artists including David Crosby, Prince, and Jeff Daniels have performed in this unique setting. Customers are served drinks and dinner while listening to live entertainment. In addition to these famous artists, City Winery features comedians and other musical acts.
- Jackson Boulevard Historic District Walking Tour: this 1.5 hour walking tour treats participants to the landmark district of the 1500 block of W. Jackson Blvd and W. Adams St. This area has some of the most popular 19th century Victorian style homes. Participants will learn about several famous Chicagoans from the Victorian era and their achievements. The tour is sponsored by the Chicago Architecture Foundation and is free to members and $15 for non-members.
- Green City Farmer’s Market: celebrating its second season at the Fulton Market district in the West Loop, this farmer’s market is located at the Southeast corner of Fulton and Halsted. Open every Saturday from June 6 through October 31 from 8 a.m. – 1:30 p.m. The Green City Farmer’s Market is known for the high quality of available foods and educating the Chicago community about local farmers.
- National Hellenic Museum: this one of a kind museum, located at 333 S. Halsted St., tells the history of Greece through unique exhibits. As far back as Homer, attendees learn how Greek culture affected current western civilization. Currently Chicago has one of the largest Greek populations in the world. This museum brings together the past and present and all visitors leave with a greater understanding of how Greek immigrants helped to form our language, theater, government and architecture.
- Old St. Patrick’s Church: located at 700 W. Adams St., this historical church was built in the 1850s and was the first English speaking Church in Chicago. Built and designed in a Romanesque style, it was one of the few buildings that survived the Chicago fire. Visitors are able to take a tour of this historical site during the week from 8 a.m. – 11 a.m. As one of Chicago’s oldest public buildings, Old St. Patrick’s Church is listed on the National Register of Historic Places.
Chicago’s West Loop continues to help the Chicago housing market to maintain steady growth. If you are looking for the ideal neighborhood in Chicago that has culture, luxurious condos, and accessible public transportation, the West Loop is the perfect area to live! To learn more about new homes in the Chicago area, click here.