Gold Coast vs. West Loop Chicago: Choosing Your Perfect Urban Sanctuary
One of the best things about Chicago is that the city has so many distinct neighborhoods. There really is something for everyone. If you’re looking for luxury real estate in Chicago, West Loop and Gold Coast are two of the top choices. However, these neighborhoods differ in many ways. Which of these neighborhoods is right for you? Read on as we compare West Loop Chicago and Gold Coast.
Chicago Real Estate Market Watch
According to recent reports, the median sale price of homes in the West Loop has decreased by 6.9% from this time last year. However, Chicago real estate trends are always changing. Contact the MG Group team for assistance buying or selling homes anywhere in Chicago.
Exploring the Gold Coast and West Loop in Chicago
Location and Accessibility
Both neighborhoods have great locations and offer good accessibility. The Gold Coast is just north of downtown in the Near North Side. It’s also just off Lake Michigan, with great access to the Lakefront Trail and Oak Street Beach. With Lake Shore Drive, multiple bus routes, and the Red Line, it’s easy for residents to get around.
West Loop is part of downtown. It is among the most walkable and accessible neighborhoods in the city. You have multiple CTA train lines running near or through the neighborhood. Residents also enjoy convenient access to interstates 90 and 290.
Character and Vibe
While not far from each other, West Loop and Gold Coast are very different in character. West Loop is energetic and modern. Once a warehouse and meatpacking district, it is now one of Chicago’s trendiest neighborhoods. Developers have transformed old industrial buildings into apartments, offices, art galleries, and other spaces. The vibe is creative, innovative, and fast-paced.
The Gold Coast has a more elegant and historic feel. Think lake views, tree-lined streets, and classic Chicago architecture. The atmosphere is calmer, more refined, and upscale. It has commercial areas, but they don’t have the same pace as West Loop.
Types of Real Estate
You’re looking at high-end real estate in both neighborhoods. However, they differ significantly in style and price. Gold Coast is known for its impressive mansions and historic row homes. You’ll also find some luxury high-rises in the neighborhood.
West Loop offers a more modern take on the city. The industrial lofts are a signature option for people moving to Chicago. This neighborhood also has modern luxury high-rise buildings. Townhomes are also a common option in West Loop.
Both neighborhoods are expensive. However, median home prices are higher in the Gold Coast neighborhood. However, the price differences become more noticeable as you approach the higher end of the market. Homes priced over $1 million are more common in Gold Coast. The top end of the market also reaches significantly higher.
Gold Coast and West Loop both offer a great lifestyle. However, they appeal to different types of buyers. The Gold Coast is ideal for those who appreciate historic charm, quiet streets, and a refined lifestyle. West Loop tends to attract those looking for a more upbeat atmosphere. If neither sounds right for you, there are many more neighborhoods you could explore.
Do you need help exploring Chicago’s neighborhoods? The MG Group has deep knowledge of Chicago real estate and can help you find the perfect fit. Reach out now to start your search for the right home.
