Chicago The Loop

  • Chicago boasts some of America’s best restaurants, theaters, and public art.
  • The city’s downtown financial district is known as The Loop, and includes one of the most expensive real estate markets in the city.
  • The Loop’s zipcode 60603 had an average home sale price of $ 577,500 in 2017.

Chicago’s financial district in the downtown area isn’t just filled with skyscrapers and office buildings such as the Chicago Stock Exchange — the area known as The Loop is also one of the more bustling and lively areas of the city.

With easy access to Millennium and Grant Park, plenty of theaters, and incredible restaurants, The Loop boasts the city’s most expensive residential real estate. For the months of May through August of 2017 Trulia reported that the average sales price of a home in the 60603 zip code was $ 577,500 — the highest average in the city.

We recently toured the neighborhood to see what 60603 has to offer. Between its rich history — including a 120 year old restaurant and easy access to public works of art — we can see why it’s so popular.  

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Chicago’s first elevated train car was built in 1892 — and a loop of elevated train cars were built and completed in the downtown area by 1897. This line of transportation gave the neighborhood its nickname: The Loop.

One of the driving factors of the higher average sale price of homes in the neighborhood is the The Legacy at Millennium Park tower. The luxury condo tower is 72-stories and is located at 60 East Monroe St.

Source: Property Shark

The 60603 zip code extends from The Art Institute of Chicago down six blocks to Wells St. The Institute boasts works from Vincent van Gogh, Edward Hopper, Claude Monet, and Pablo Picasso.

See the rest of the story at Business Insider

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