The Chicago "L" (short for "elevated") is the rapid transit system serving the city of Chicago and some of its surrounding suburbs in the U.S. state of Illinois. Operated by the Chicago Transit Authority (CTA), it is the fourth-largest rapid transit system in the United States in terms of total route length, at 102.8 miles (165.4 km), as of 2014, and the third-busiest rapid transit system in the United States after the New York City Subway and the Washington Metro. As of January 2024, the "L" had 1,480 rail cars operating across eight different routes on 224.1 miles of track. CTA trains make about 1,888 trips each day servicing 146 train stations. In 2025, the system had 135,202,800 rides, or about 409,200 per weekday in the fourth quarter of 2025.

The "L" provides 24-hour service on the Red and Blue Lines, making Chicago, New York City, London and Copenhagen the only four cities in the world to offer 24-hour train service on some of their lines throughout their respective city limits. The oldest sections of the Chicago "L" started operations in 1892, making it the second-oldest rapid transit system in the Americas, after New York City's elevated lines. The "L" gained its name from "el" because large parts of the system run on elevated track. Portions of the network are in subway tunnels, at grade level, or in open cuts.

The "L" has been credited for fostering the growth of Chicago's dense city core that is one of the city's distinguishing features. And according to urban engineer Christof Speiler, the system stands out in the United States because it continued to invest in services even through the post-World-War era growth of the expressway; its general use of alleyways instead of streets throughout its history, and expressway medians after the war, better knit the system into the city, and in pioneering ways. It consists of eight rapid transit lines laid out in a spoke–hub distribution paradigm focusing transit toward the Loop.

In a 2005 poll, Chicago Tribune readers voted it one of the "seven wonders of Chicago", behind the lakefront and Wrigley Field, and ahead of Willis Tower (formerly the Sears Tower), the Water Tower, the University of Chicago, and the Museum of Science and Industry.

The first "L", the Chicago and South Side Rapid Transit Railroad, began revenue service on June 6, 1892, when a steam locomotive pulling four wooden coaches, carrying more than a couple of dozen people, departed the 39th Street station and arrived at the Congress Street Terminal 14 minutes later, over tracks that are still in use by the Green Line. Over the next year, service was extended to 63rd Street and Stony Island Avenue, then the Transportation Building of the World's Columbian Exposition in Jackson Park.

In 1893, trains began running on the Lake Street Elevated Railroad and in 1895 on the Metropolitan West Side Elevated, which had lines to Douglas Park, Garfield Park (since replaced), Humboldt Park (since demolished), and Logan Square. The Metropolitan was the United States' first non-exhibition rapid transit system powered by electric traction motors, a technology whose practicality had been demonstrated in 1893 on the "intramural railway" at the World's Columbian Exposition in Chicago. Two years later the South Side "L" introduced multiple-unit control, in which the operator can control all the motorized cars in a train, not just the lead unit. Electrification and MU control remain standard features of most of the world's rapid transit systems.^{[citation needed]}

A drawback of early "L" service was that none of the lines entered the central business district. Instead trains dropped passengers at stub terminals on the periphery due to a state law at the time requiring approval by neighboring property owners for tracks built over public streets, something not easily obtained downtown. This obstacle was overcome by the legendary traction magnate Charles Tyson Yerkes, who went on to play a pivotal role in the development of the London Underground, and who was immortalized by Theodore Dreiser as the ruthless schemer Frank Cowperwood in The Titan (1914) and other novels.

Yerkes, who controlled much of the city's streetcar system, obtained the necessary signatures through cash and guile—at one point he secured a franchise to build a mile-long "L" over Van Buren Street from Wabash Avenue to Halsted Street, extracting the requisite majority from the pliable owners on the western half of the route, then building tracks chiefly over the eastern half, where property owners had opposed him. Designed by noted bridge builder John Alexander Low Waddell, the elevated tracks used a multiple close-rivet system to withstand the forces of the passing trains' kinetic energy.