South Loop, Illinois
The South Loop is a community located immediately south of the Loop in Chicago, Illinois. The South Loop is a growing residential and business area and includes neighborhoods such as Printer’s Row and Dearborn Park. It is home to Grant Park and Chicago’s Museum Campus, including the Field Museum, the Shedd Aquarium and Adler Planetarium. It is also host to Columbia College Chicago, Roosevelt University, John Marshall Law School, DePaul University, Robert Morris University and the School of the Art Institute of Chicago.
According to the Encyclopedia of Chicago, the South Loop was one of the first residential areas in the city. During the 1800s and early 1900s, the area was home to the railroad and printing industries, but it suffered in the mid- 1900s when changes to these industries brought an economic decline. During the 1970s, business owners realized the potential of the area, and came up with a plan to redevelop the neighborhood into a residential and business district. Since then, the South Loop has become a popular area to live and work, and it continues to grow today.
The population in the neighborhood is currently about 30,500, according to the 2010 census report. The area is more densely populated than other areas in Chicago: about13, 200 people live in a square mile in the South Loop, compared to the average density of 11,900 people per square mile citywide.
Median rent in the South Loop is $1,119, compared to $789 in Chicago as a whole. About 30 percent of the households in the South Loop are families, compared to 43 percent citywide. The average family size in the South Loop is 1.8 people; in Chicago as a whole, the average family includes 2.6 people.
Commute time to workplaces is much shorter in the South Loop than in other areas of Chicago. South Loop residents spend 20-30 minutes commuting to work while in other areas of Chicago, the average commute is 1 hour. Only 14 percent of South Loop residents live below the poverty level, compared to 23 percent in the city as a whole.
Housing in the South Loop is priced higher than in other areas of the city. A townhouse in Chicago is valued at $671,000. A comparable unit citywide is $361,000.
More businesspeople and professionals live in the South Loop than other areas of the city. The percentage of men working as managers is 18 percent in the South Loop, compared to 9 percent citywide. About 9 percent of men in the South Loop work in the finance industry, compared to 6 percent citywide.
Median Age: 36.5 Median Household Income: $70,703
Average Household Income: $97,264
No High School: 5,206
Some High School: 3,798
Some College: 8,263
Associate Degree: 2,951
Bachelor’s Degree: 20,100
Graduate Degree: 17,844
The public schools in the area include the South Loop Elementary School at 1212 South Plymouth Court and Jones College Prep, at 606 South State Street.
Kreisman Law Offices handles Illinois lawsuits for the entire Chicago metropolitan area, including Chicago’s South Loop. Chicago's Kreisman Law Offices has over 40 years of trial experience and specializes in a wide range of legal services, including Illinois personal injury law, Illinois product defect law, Illinois business litigation matters, Illinois medical malpractice claims, and Illinois nursing home abuse cases. Please call us 24 hours a day at (312) 346–0045 or toll free (800) 583–8002 for a free and immediate consultation, or complete a contact form online.
Our Chicago Loop office is in a convenient location for South Loop residents. Kreisman Law Offices is located at the corner of Dearborn and Monroe streets. There are many convenient modes of public transportation to Kreisman Law Offices, including the Metra and CTA. A short walk to the office from South Loop neighborhoods is the most convenient means of reaching our office.