If you are looking for an up-and-coming neighborhood with a lower population of residents on the edge of an economic boom, look no further than the West Loop. Investors and Developers are especially interested in this location and busy buying up property because the real estate is not quite at its full potential. With new buildings bursting through the ground everyday, this is an area of promise hidden just west of the Loop. Formerly an area filled with factories and warehouses, buyers are building on what the area already has to offer, adding more established restaurants and entertainment venues. With its location so near to the Loop, the lack of shopping has not been an issue for the residents already in the West Loop. A number of schools are opening up in the West Loop, making it a place that will be ready for families, and possibly more affluent than the north side of the City. Union Station calls this area home and both the Dan Ryan and Eisenhower Expressways run through the area, making it a prime area to be able to leave the city for a weekend vacation.
Statistics by Zip Code:
- In 60606, the median home price was $628,900 as of October 2007, which shows a difference of -0.01% in appreciation from the previous year.
- In 60661, the median home price was $580,000 as of October 2007, which shows a difference of -0.01% in appreciation from the previous year.
The West Loop Gate Neighborhood is part of Near West Side Community Area.
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