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 16 condos/townhomes with an average list price of $1,107,968. The average annual property tax for Magnificent Mile is $8,795.
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School | District | Grade Level | Grades |
---|---|---|---|
Lincoln Elementary School | 299 | Elementary | K-8 |
Ogden Elementary School | 299 | Elementary | K-5 |
Lincoln Elementary School | 299 | Middle | K-8 |
Lincoln Park High School | 299 | High | 9-12 |
Wells Community Academy High School | 299 | High | 9-12 |
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.
See What's Hot & What's Not in Magnificent MileBuildings/Subdivisions | Median Price | |
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1000 Lake Shore Plaza 1000 Lake Shore Plaza Condominiums is located in the Gold Coast neighborhood of Chicago, Illinois at 1000 N Lake Shore Drive. Amenities include doorman, indoor pool, exercise facility, valet parking and party room. It is close to Lake Michigan, shopping, restaurants, public transportation and expressways. Read more |
$427,500 | |
535 North Michigan 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 |
$190,000 | |
777 North Michigan 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 |
$158,000 | |
Chicago Place 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 |
$600,000 | |
Gold Coast Galleria Gold Coast Galleria is a condo building built in the late 1990s in the gold Coast neighborhood of Chicago. Gold Coast Galleria is located at the Southwest corner of Clark and Maple at 111 West Maple. Gold Coast Galleria is close to five-star restaurants, Lake Michigan, boutiques, and jazz clubs. Read more |
$152,000 |
New Homes with a Master Bedroom on the 1st Floor in Magnificent Mile: April 13th to April 19th - April 20, 2024 Magnificent Mile had only 1 new home for sale with a master bedroom on the first floor during the week of Saturday, April 13 to Friday, April 19, and it ... continue reading |
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New Homes For Sale This Week in Magnificent Mile: April 12th to April 18th - April 19, 2024 Magnificent Mile had 3 new homes for sale during the week of Friday, April 12 to Thursday, April 18, including including 3 condos/townhomes with an average list price of $743,833. ... continue reading |
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New Homes with a Master Bedroom on the 1st Floor in Magnificent Mile: April 6th to April 12th - April 13, 2024 Magnificent Mile had 2 new homes for sale with a master bedroom on the first floor during the week of Saturday, April 6 to Friday, April 12, including 2 condos/townhomes ... continue reading |
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New Homes For Sale This Week in Magnificent Mile: April 5th to April 11th - April 12, 2024 Magnificent Mile had 2 new homes for sale during the week of Friday, April 5 to Thursday, April 11, including including 2 condos/townhomes with an average list price of $832,500. ... continue reading |
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Homes Just Sold in Magnificent Mile: March 26th to April 1st - April 2, 2024 Magnificent Mile had only 1 sale during the week of Tuesday, March 26 to Monday, April 1, including and it was a condo/townhome with a list price of $525,000. $525,000 950 ... continue reading |