South Loop Comes of Age With “New” Gold Coast
In the last few decades, the South Loop used to be known as the “cheaper” part of downtown. But not anymore. One Museum Park, with its million dollar condos with lake and Grant Park views, is only one element that is changing the perception of the area for those looking for “luxury” living.
There are expensive townhomes and condos tucked into the Prairie Historic District that give the Gold Coast a run for its money and are returning the area to its “moneyed” past.
232 E. 14th, Unit #1E: 4 bedrooms, 2 full and 2 half baths, 4400 square feet
- Sold in June 2004 for $1,391,645
- Currently listed for $2,599,000
- 2 car attached garage
- The listing states there is a “walnut elevator”
- Cynthia Bauer at Sudler Sotheby’s has the listing
Or you can actually live in luxury in the past in the old Marshall Field Jr. Mansion at 1919 S. Prairie. Built in 1890 when South Prairie was where the rich wanted to live, the 30,000 square foot mansion has undergone a complete renovation into six luxury condo units.
Unit #2: 3 bedrooms, 2.5 baths, 4148 square feet, 2 car heated garage parking
- Currently listed at $1,575,000
- Two fireplaces
- Nadine Ferrata at Coldwell Banker has the listing
Two other units (out of six) sold in the building in the Fall of 2006:
- Unit #3: 3 bedroom, 2.5 bath for $1,757,000
- Unit #4: 2 bedroom, 2.5 bath for $850,000
Marshall Field Jr. Mansion [website]
Restoring the Legacy of a Historic Neighborhood [New York Times]
Still prefer Gold Coast, no comparison to this area. Prices are way inflated, no thanks. The Marshall Field house looks nice
How can you not love the South Loop the inflation is well deserved, the properties are brand new and many have spectacular lake and Navy Pier views, can’t find that anywhere else, especially units with some decent square footage.
Even though the South Loop is all new and shiny, it still cannot compare to Gold Coast. Gold Coast has the ESTABLISHMENT effects, it reminds me of upmarket London neighborhoods such as Chelsea, Mayfair and St. Johns Wood.