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 5 condos for sale with an average list price of $1,649,749.40. The average annual property tax for Magnificent Mile is $13,573.53.

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
1000 Lake Shore Plaza

1000 Lake Shore Plaza

1000 Lake Shore Plaza is a condo building in the Rush & Division neighborhood of Chicago, Illinois. It currently has 4 condos for sale with an average list price of $1,671,875. The homes range in size from 1,280 ft2 to 6,600 ft2. The HOA fees range from $734 to $7,804 per month. The average annual property tax for 1000 Lake Shore Plaza is $10,877.44. It is located in Cook County. 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
Median Price: $629,000
535 North Michigan

535 North Michigan

535 North Michigan is a condo building in the Magnificent Mile neighborhood of Chicago, Illinois. It currently has 5 condos for sale with an average list price of $222,360. The homes range in size from 525 ft2 to 1,560 ft2. The HOA fees range from $451 to $1,596 per month. The average annual property tax for 535 North Michigan is $3,663.68. 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: $196,500
777 North Michigan

777 North Michigan

777 North Michigan is a condo building in the Streeterville neighborhood of Chicago, Illinois. It currently has 6 condos for sale with an average list price of $447,274.33. The homes range in size from 600 ft2 to 2,200 ft2. The HOA fees range from $408 to $1,908 per month. The average annual property tax for 777 North Michigan is $5,193.90. 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: $165,000
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 5 condos for sale with an average list price of $798,780. The homes range in size from 965 ft2 to 4,354 ft2. The HOA fees range from $841 to $5,002 per month. The average annual property tax for Chicago Place is $15,483.65. 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
Median Price: $820,000
John Hancock Center

John Hancock Center

John Hancock Center is a condo building in the Streeterville neighborhood of Chicago, Illinois, built between 1968 and 1976. It currently has 13 condos for sale with an average list price of $728,130.77. The homes range in size from 891 ft2 to 5,911 ft2. The HOA fees range from $480 to $5,658 per month. The average annual property tax for John Hancock Center is $8,783.55. It is located in Cook County. The John Hancock Center offers some of the best views of Chicago's skyline with 100 stories of steal and glass built in 1970. The John Hancock Center features condos from 44th through 92nd floors. John Hancock Center Residences are located at 175 E. Delaware Place inn Chicago, Illinois. The John Hancock Center offers a mix of units ranging from studios to combined four bedrooms. ... Read more
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Buildings

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Market Trends

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Real Estate News

Homes Just Sold in Magnificent Mile: March 17th to March 23rd

Homes Just Sold in Magnificent Mile: March 17th to March 23rd - March 24, 2026

Magnificent Mile had 2 sales during the week of Tuesday, March 17 to Monday, March 23, including including 2 condos for sale with an average list price of $1,082,500. $775,000 100 E ... continue reading
New Homes For Sale This Week in Magnificent Mile: March 13th to March 19th

New Homes For Sale This Week in Magnificent Mile: March 13th to March 19th - March 20, 2026

Magnificent Mile had only 1 new home for sale during the week of Friday, March 13 to Thursday, March 19, including and it was a condo for sale with a ... continue reading
Homes Just Sold in Magnificent Mile: March 10th to March 16th

Homes Just Sold in Magnificent Mile: March 10th to March 16th - March 17, 2026

Magnificent Mile had only 1 sale during the week of Tuesday, March 10 to Monday, March 16, 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 7th to March 13th

New Homes with Master Bedrooms on the 1st Floor in Magnificent Mile: March 7th to March 13th - March 14, 2026

Magnificent Mile had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, March 7 to Friday, March 13, and ... continue reading
Homes Just Sold in Magnificent Mile: March 3rd to March 9th

Homes Just Sold in Magnificent Mile: March 3rd to March 9th - March 10, 2026

Magnificent Mile had only 1 sale during the week of Tuesday, March 3 to Monday, March 9, including and it was a condo for sale with a list price of ... continue reading
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