Neighborhood Report
Cost of Living: Very High Public Transit: Good Nightlife: Very Good Restaurants: Excellent
The West Loop neighborhood has become the trendiest neighborhood to live and eat in during the past five (5) years. It is a mix between meat packing warehouses turned into lofts, high-rise apartments and condos and mid-rise to three (3) story condo and apartment buildings. It feels dense and is extremely close to the Loop, but yet retains a neighborhood feel that is very family friendly. In the 1980s through the early 2000s, West Loop was not known as a trendy destination, but instead as a meat packing and industrial zone. Today, as mentioned above it is home to some of the trendiest apartments and condos and the famed restaurant row.
Location
The West Loop neighborhood is located west of downtown Chicago (the Loop) and is a great neighborhood if you want to be close to the Loop and retain a neighborhood feel. The West Loop has very easy access to the subway Pink and Green Lines as well as many bus routes. If you are a foodie and you have a family, this is where you want to live. West Loop is full of restaurants and bars and is also very family friendly as it is less dense and has many parks to enjoy. Additionally, many businesses are moving to the West Loop including both startups and established business.
Cost of Living
The West Loop neighborhood has received a significant amount of demand which has driven up the cost of living in the last five (5) years. Rents typically range from $2,000 through $10,000 per month depending on the size, location, newness and the level of luxury of the apartment building. Condos and private homes can exceed $3,000,000+ depending on the historic value, upkeep and size. As all other downtown Chicago neighborhoods, parking ranges from $200 to upwards of $400+ per month. In summary, this historic neighborhood feels like a neighborhood right beside a dense city, which is why it is in such high demand. West Loop has the perks of living close trendy restaurants and bars as well as family friendly parks. This wonderful downtown neighborhood is definitely a worthy consideration if you are looking for city living in Chicago.
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