Can a one bedroom condo in the Chicago South Loop be a good investment!

Scovell+Sabatini answered:

The South Loop remains one of the hottest real estate markets in the Nation according to the Chicago Magazine. Although inventory has been on the rise with significant new product entering the market in 09' and 10', the highest percentage of sales and pending contracts can be found in the Loop/ South Loop area as compared to the rest of the city.
The South Loop provides amenities such as the Museum Campus, Soldier Field, Grant Park, Northerly Island, and Lake Michigan. It's proximity to the Loop, with its banking, legal and financial service industry coupled with Millennium Park, the Art Institute, Orchestra Hall and numerous cultural sites and extensive public transportation are factors which resulted in one business magazine naming the South Loop the third best location in the Nation to retire. Retail development has exploded as well. Whole Foods, Dominic's, Jewel, Best Buy, Bed Bath and Beyond, Target, Office Depot, DSW Shoes are just a few of the big box retail establishments which are now located on the Roosevelt Road corridor, a retail area which will mimic Clybourn on the North Side . A 12-acre site at Roosevelt and Wells will include 16 movie screens and at least 40 new retail outlets.
DePaul University has purchased a 400,000 approximate square-foot building at State and Jackson that will include university classrooms, and "calls the South Loop the largest "college town" in Illinois."
You can expect consistent and moderate appreciation over the next 5 years and a spike in real estate prices is predicted should Chicago land the Summer Olympics.