Chicago-Near West Side
Featuring West Loop & University Village Real Estate

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Chicago-Near West Side Real Estate & Homes for Sale in Illinois

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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Chicago-Near West Side Real Estate in Illinois Chicago-Near West Side Homes for Sale Chicago-Near West Side Real Estate and Homes for Sale in Cook county, Illinois
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.

Chicago-Near West Side Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $114,614 compared to $121,900 the previous week, showing a decrease of less than -6%.  For Tuesday, August 30th, the current national mortgage rate for a 30 year fixed mortgage is 3.41%; the 15 year fixed rate is at 2.69%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 3.78%, while the 15 year jumbo rate currently is at 3.45%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Chicago-Near West Side IL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Chicago-Near West Side to help you find the best home!

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