Dynamic, exciting, trendy and diverse — these are the words that describe Chicago’s West Loop and University Village neighborhoods. With an urban revitalization well underway, these neighborhoods provide some of the most distinctive lifestyles in the city. Property seekers appreciate the central location, unique real estate and historic urban flair. The West Loop is roughly bounded by the River and Ashland Avenue on the east and west and by Lake Street and Congress Parkway on the north and south. Historically, it was an area primarily used for manufacturing and warehousing activities. But now those old textile warehouses are being converted into artsy lofts, while restaurants, clubs and art galleries are cropping up to serve the new residential population. A growing demand for modern housing in the city has prompted the development of new high-rise complexes as well. West Loop’s neighbor, University Village, is located on the south side of Eisenhower Expressway, between the east and west campuses of the University of Illinois at Chicago (UIC). In University Village, residential development and redevelopment activity began in the early-1990s. As a result, these neighborhoods feature a variety of modern housing options, from townhouses to new homes. University Village is a popular choice among academics and researchers employed at the university as well as local business owners and professionals who work in the city.
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Price Range of Chicago-Near West Side Houses
One of the most appealing features of Chicaog West Loop and University Village neighborhoods are the sheer diversity of the property available. In the West Loop, there are high-rise complexes and textile warehouses turned residential lofts. The University Village area is characterized by new townhouses, historic mansions and renovated rowhouses and brownstones. Prices for detached, single-family homes in West Loop and University Village range from $200,000 up to $1 million. The most expensive properties might be modern four-bedroom homes in the rowhouse style or three-bedroom condos in a luxury high-rise. Value-priced properties include artsy one-bedroom lofts and studios in historic buildings. Between the most and least expensive properties is a selection of centrally located, multi-bedroom homes that have been fully restored or at least upgraded with modern appliances and features. If you are thinking of buying or selling your home, just fill out the FREE REAL ESTATE INFORMATION REQUEST FORM. Then, top real estate agent Top Agent in IL will provide you with any information or assistance with your home. All contents on this and related web sites are provided by Top Agent in IL, the home and property specialist, specializing in Chicago-Near West Side real estate and home values in Cook County, Illinois.