Although Illinois has a lot to offer, there is nowhere better to live than in one of the Chicago Loop apartments in downtown Chicago. These buildings put you in the dead center of everything that is going on in this bustling metropolis. The term “the Loop” generally refers to the center of the city historically. To be more accurate, the Loop is the area around the central business district in Chicago. The city’s numerical address system even commences here, where Madison and State Street intersect.
Although this area has long since had a reputation for being quiet after work hours, as most people perceived that is was merely an area filled with corporations and office buildings, this has changed drastically over the years. When the year 2000 census was taken over 16,000 people considered the Loop home in one of the Chicago Loop apartments, and as a result the property value began to climb. Forbes sited that the median residential property in 2005 was valued at $710,000. This trend has only continued to grow.
Even though the Loop is filled with high-rise buildings more and more of them have switched to residential housing. In fact, many of the new developments in the area have been built with residential intent. This trend of tall towers perhaps began when Chicago became home to one of the world’s tallest buildings when the construction of the Willis Tower (formerly the Sears Tower) was completed. However, the first skyscraper ever built was in Chicago, the Home Insurance Building.
This part of the city is also home to much of the local government as well. The Loop’s governmental arsenal includes the likes of the City Hall and County Buildings, the James R. Thompson Center, the Richard J. Daley Center, as well as several federal government buildings.
In addition to having several key governmental buildings and offices, the Loop has also become a hotspot for people seeking a shopping destination. Both Sears and Macy’s (the former Marshall Field’s flagship store) have homes on State Street, with Chicago’s Magnificent Mile and the Water Tower shopping mall merely steps away.
With the influx of the non-business activity, the Loop also plays host to a multitude of hotels and dining establishments. It is no wonder that the city’s theater district is also located with this nexus of the city.

With continued growth there is no question that people are finding more and more reasons to call the Loop their home.