Magnificent Mile, Chicago, IL, Real Estate

The Magnificent Mile is an upscale section of Chicago's Michigan Avenue running from the Chicago River to Oak Street in the Near North Side. It is located adjacent to downtown, one block east of Rush Street. The Magnificent Mile is the main thoroughfare between the Chicago Loop's business district and the Gold Coast. It is currently Chicago's largest shopping district and several of the tallest buildings in the United States are located in the Magnificent Mile including the John Hancock Center and Trump International Hotel and Tower. Landmarks along the Magnificent Mile include the Wrigley Building, Tribune Tower and Chicago Water Tower.

Magnificent Mile currently has 7 condos for sale with an average list price of $823,235.29. The average annual property tax for Magnificent Mile is $10,542.72.

Current Homes for Sale

Schools

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What's Hot & What Not

Absorption Report Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Magnificent Mile, i.e. what's hot and what's not.

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Recent Sales

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Buildings

Buildings Median Price
535 North Michigan

535 North Michigan

535 North Michigan is a condo building in the Magnificent Mile neighborhood of Chicago, Illinois, built between 1959 and 1967. It currently has 4 condos for sale with an average list price of $287,250. The homes range in size from 700 ft2 to 1,560 ft2. The average annual property tax for 535 North Michigan is $3,649.17. It is located in Cook county. 535 North Michigan is a 435 condominium high-rise built in 1962. 535 N. Michigan is located in the Streeterville neighborhood of Chicago. Beautiful views can be seen of Lake Michigan & the Chicago skyline ... Read more
Median Price: $210,000
777 North Michigan

777 North Michigan

777 North Michigan is a condo building in the Streeterville neighborhood of Chicago, Illinois, built between 1927 and 1969. It currently has 6 condos for sale with an average list price of $306,982.50. The homes range in size from 550 ft2 to 2,015 ft2. The average annual property tax for 777 North Michigan is $5,165.08. It is located in Cook county. 777 N Michigan is a condominium high-rise built in 1965 situated in the heart of the Magnificent Mile. 777 N Michigan is located in the Streeterville neighborhood of Chicago. Enjoy top of the line roof top deck with cabanas overlooking Lake Michigan and Chicago skyline views. ... Read more
Median Price: $151,500
Chicago Place

Chicago Place

Chicago Place is a condo building in the Streeterville neighborhood of Chicago, Illinois, built between 1987 and 1993. It currently has 7 condos for sale with an average list price of $826,106.71. The homes range in size from 1,025 ft2 to 4,100 ft2. The average annual property tax for Chicago Place is $15,413.31. It is located in Cook county. Chicago Place is a 205 unit residential condo building located at 100 E Huron in River North neighborhood of Chicago, Illinois. River North is part of the Near North Side community of Chicago, Illinois. One, two and three bedroom residential units are offered above Chicago's Magnificent Mile of North Michigan Avenue. The Near North Side is one of 77 well defined community areas of Chicago, Illinois, United States. It is located north of the Chicago River and the downtown central business district (the Loop). River North is a neighborhood in the Near North Side community area of Chicago, Illinois. It is bound by Michigan Avenue to the east, Chicago Avenue to the north, and the Chicago River to the south and west. This neighborhood, home of The River North Gallery District, has the largest concentration of art galleries in the United States outside of Manhattan. ... Read more
One Magnificent Mile-950 N. Michigan Avenue

One Magnificent Mile-950 N. Michigan Avenue

One Magnificent Mile-950 N. Michigan Avenue is a condo building in the Streeterville neighborhood of Chicago, Illinois, built between 1984 and 1985. It currently has 13 condos for sale with an average list price of $1,186,134.39. The homes range in size from 1,560 ft2 to 6,000 ft2. The average annual property tax for One Magnificent Mile-950 N. Michigan Avenue is $19,741.62. It is located in Cook county. One Magnificent Mile is a condo high-rise located in the Gold Coast neighborhood at 950 N. Michigan Avenue in Chicago, Illinois ranking #27 tallest buildings in Chicago. One Magnificent Mile is 57 stories that houses 182 condos. Amenities include 24-7 doorman, indoor pool, sundeck, and fitness center. One Magnificent Mile allows residents to shop conveniently on the lower levels that offers retail shops and just steps away from dining and great nightlife entertainment. ... Read more
Median Price: $730,000
Park Tower Condos

Park Tower Condos

Park Tower Condos is a condo building in the Streeterville neighborhood of Chicago, Illinois, built between 2000 and 2006. It currently has 21 condos for sale with an average list price of $3,792,476.19. The homes range in size from 2,000 ft2 to 9,250 ft2. The average annual property tax for Park Tower Condos is $44,872.20. It is located in Cook county. Park Tower is an iconic condominium high-rise consisting of 117 condos. Park Tower is located above the Park Hyatt Hotel at 800 N. Michigan Avenue in the Gold Coast neighborhood of Chicago, Illinois. Park Tower residents can enjoy the perks of Park Hyatt's NoMi Club that includes a fitness center plus indoor pool with hotel services. ... Read more
Median Price: $2,000,000
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Buildings

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Market Trends

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Real Estate News

New Homes with Master Bedrooms on the 1st Floor in Magnificent Mile: March 29th to April 4th

New Homes with Master Bedrooms on the 1st Floor in Magnificent Mile: March 29th to April 4th - April 5, 2025

Magnificent Mile had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, March 29 to Friday, April 4, and ... continue reading
New Homes For Sale This Week in Magnificent Mile: March 28th to April 3rd

New Homes For Sale This Week in Magnificent Mile: March 28th to April 3rd - April 4, 2025

Magnificent Mile had only 1 new home for sale during the week of Friday, March 28 to Thursday, April 3, including and it was a condo for sale with a ... continue reading
Homes Just Sold in Magnificent Mile: March 25th to March 31st

Homes Just Sold in Magnificent Mile: March 25th to March 31st - April 1, 2025

Magnificent Mile had only 1 sale during the week of Tuesday, March 25 to Monday, March 31, including and it was a condo for sale with a list price of ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Magnificent Mile: March 22nd to March 28th

New Homes with Master Bedrooms on the 1st Floor in Magnificent Mile: March 22nd to March 28th - March 29, 2025

Magnificent Mile had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, March 22 to Friday, March 28, and ... continue reading
New Homes For Sale This Week in Magnificent Mile: March 21st to March 27th

New Homes For Sale This Week in Magnificent Mile: March 21st to March 27th - March 28, 2025

Magnificent Mile had only 1 new home for sale during the week of Friday, March 21 to Thursday, March 27, including and it was a condo for sale with a ... continue reading
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