West Loop Developments
West Loop is a hip, urban neighborhood located just steps away from the business district of Chicago. Originally a commercial district, West Loop has developed a reputation for being the home to the creative force of Chicago. Today, old warehouses have been converted to luxury high rises and older homes are being completely rehabbed, adding all the modern convinces. Developers in the area have taken the time to realty get to know West Loop and make sure their developments fit with the flavor of the area. The result is a lovely, hip area with tons of entertainment options with old bones. It is truly a lovely area to call home.
Developments in West Loop
If you love the idea of old homes but want all the modern conveniences, you are in luck. West Loop has changed a lot over the years and now high rises are replacing old commercial buildings. Developers have really worked hard to preserve the historic charm of the area, but that doesn’t mean you can’t have granite counter tops, right? Common features in newly build condos include high ceilings, stainless steel appliances, and open floor plans.
Residential Pricing in West Loop
West Loop is a popular neighborhood that has experienced a lot of growth in the last few years. It also offers a wide choice of residential properties from rehabbed buildings to converted commercial spaces to newly built high rises. Because of all the options, pricing can vary greatly. If you are looking for a single family home, you can expect to pay from $800,000 and up, for a rehabbed single bedroom apartment, prices start around $250,000. Commercial properties that have been converted into live/work spaces for artists and musicians start around $350,000. It really depends on the location within West Loop and if the property has been renovated. Budget conscious buyers who are willing to put in the work should consider a non-renovated property. The work may be well worth being able to build exactly what you want!
In the past few years, West Loop has really come into its own. In the past it was a commercial district with a crime problem. Today, it is home to popular foodie restaurants, art galleries, trendy night spots, and fantastic boutique shopping. Construction and home sales have increased lately, making now the time to buy in West Loop!