Nancy Gaspadarek
Nancy Gaspadarek
Closing the Loop for Buyers and Sellers
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  "My wife and I found Nancy to be a terrific Realtor. Moving from the suburbs we found her knowledge of the neighborhoods, transportation, and shopping areas an invaluable tool. Thanks again for all your help."

Paul & Nancy D.
LaGrange, IL

 
 
West Loop

  West Loop   Boundaries
Housing Averages
A Brief History
Fun Facts

Boundaries

(keep in mind many neighborhoods dovetail or overlap. In a sense, many combine to make one larger neighborhood)

Lake Street south to the Eisenhower; Ashland Ave (1600 W) east to the Kennedy.

 
 
Housing Averages

(These statistics are compiled by the Chicago Association of Realtors)

For Condominiums:
  Total Number of Units Sold Average Sales Price Average Market Time
  2000
2001
2002
2003
2004
2005
2006

% Change

1 year
5 years
10 years
746
1073
1152
1551
1459
1700
2128



25%
95%
1368%
$261,070
$262,573
$283,303
$293,330
$314,046
$346,784
$327,621



-6%
25%
84%
61
49
65
81
106
122
162



33%
231%
113%

For Single Family Homes:
  Total Number of Units Sold Average Sales Price Average Market Time
  2000
2001
2002
2003
2004
2005
2006

% Change

1 year
5 years
10 years
23
20
32
30
33
21
28



33%
40%
100%
$363,394
$351,100
$276,009
$314,646
$358,666
$346,423
$395,434



14%
13%
120%
89
116
89
65
92
121
107



-12%
-8%
149%


A Brief History

Home to Union Station, the United Center, and Oprah Winfrey's Harpo Studios, the West Loop's industrial façade belies the subtle glamour that has crept in to the once hardscrabble neighborhood. Though parts of it are still high-crime, other sections point toward a massive revitalization.

The food certainly helps. West Randolph Street is home to some of Chicago's glitziest restaurants, such as Vivo, Marche, Blackbird, and Red Light. Greektown, centered mostly on Halsted between Madison and Van Buren, boasts Artopolis, Athena, Parthenon, and Pegasus. And on old Maxwell Street you can still enjoy the delis or scarf down a classic Maxwell Street Polish sausage.

Many of the old warehouses and vacant lots have been converted to primo condos, galleries, and gorgeous loft space. A solid community of artists has grown here, and can be sampled twice a month at the West Loop Art Market, behind Landmark Arts on Randolph, where artists, musicians, writers, performers, and filmmakers gather to display their work.

Fun Facts
  • The Chicago Post Office at 433 West Van Buren is the only postal facility in the world that you can drive a car through.
  • Chicago's Greektown, a relatively recent neighborhood that arose in the 1960s, was the place that introduced "saganaki" (flaming cheese) to the United States.
 


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