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  5. One Magnificent Mile Condominiums
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One Magnificent Mile Condominiums

950 N Michigan Avenue, Chicago, IL, 60611

YEAR BUILT

1984

# STORIES

# TOTAL UNITS

211

UNIT SIZE RANGE

5,950-6,050 sqft

Description

One Magnificent Mile Condominiums sit at 950 N Michigan Avenue in Chicago. This tall building has 21 stories and houses 211 units. It was built in 1984, adding a touch of history to the area. Residents experience city living at its best. Inside, the units range from 5,950 to 6,050 square feet. Bedrooms available include 1 to 5, offering plenty of options for different lifestyles. Prices for these units run between $2,292,500 and $2,850,000. The average price per square foot is about $434 based on recent sales, making it a significant investment. The average time a unit stays on the market is 132 days. This allows buyers ample time to find their perfect home and make decisions without rushing. Buyers can explore various floor plans and layouts, which cater to diverse needs. Nearby, multiple dining choices exist, including the ground-level restaurant. The community includes amenities like a spa, health club, indoor pool, and exercise room, ensuring a full lifestyle. Valet services and a receiving room add to the convenience of living here. Access to nearby roads supports smooth travel around the city. Living on the Magnificent Mile means being close to shops, theaters, and parks. It allows for a vibrant lifestyle with endless options for entertainment and leisure. The view from the units captures the essence of urban life, enhancing the living experience. Located near Lake Michigan, outdoor activities are just a short drive away. This blend of comfort and excitement makes it a desirable home.

Building ImageMLS ID #12292871
Building ImageMLS ID #12327494
Building Image
Building ImageView Listing

One Magnificent Mile Condominiums

950 N Michigan Avenue, Chicago, IL, 60611

YEAR BUILT

1984

# STORIES

# TOTAL UNITS

211

UNIT SIZE RANGE

5,950-6,050 sqft

Description

One Magnificent Mile Condominiums sit at 950 N Michigan Avenue in Chicago. This tall building has 21 stories and houses 211 units. It was built in 1984, adding a touch of history to the area. Residents experience city living at its best. Inside, the units range from 5,950 to 6,050 square feet. Bedrooms available include 1 to 5, offering plenty of options for different lifestyles. Prices for these units run between $2,292,500 and $2,850,000. The average price per square foot is about $434 based on recent sales, making it a significant investment. The average time a unit stays on the market is 132 days. This allows buyers ample time to find their perfect home and make decisions without rushing. Buyers can explore various floor plans and layouts, which cater to diverse needs. Nearby, multiple dining choices exist, including the ground-level restaurant. The community includes amenities like a spa, health club, indoor pool, and exercise room, ensuring a full lifestyle. Valet services and a receiving room add to the convenience of living here. Access to nearby roads supports smooth travel around the city. Living on the Magnificent Mile means being close to shops, theaters, and parks. It allows for a vibrant lifestyle with endless options for entertainment and leisure. The view from the units captures the essence of urban life, enhancing the living experience. Located near Lake Michigan, outdoor activities are just a short drive away. This blend of comfort and excitement makes it a desirable home.

Next

Description

One Magnificent Mile Condominiums sit at 950 N Michigan Avenue in Chicago. This tall building has 21 stories and houses 211 units. It was built in 1984, adding a touch of history to the area. Residents experience city living at its best. Inside, the units range from 5,950 to 6,050 square feet. Bedrooms available include 1 to 5, offering plenty of options for different lifestyles. Prices for these units run between $2,292,500 and $2,850,000. The average price per square foot is about $434 based on recent sales, making it a significant investment. The average time a unit stays on the market is 132 days. This allows buyers ample time to find their perfect home and make decisions without rushing. Buyers can explore various floor plans and layouts, which cater to diverse needs. Nearby, multiple dining choices exist, including the ground-level restaurant. The community includes amenities like a spa, health club, indoor pool, and exercise room, ensuring a full lifestyle. Valet services and a receiving room add to the convenience of living here. Access to nearby roads supports smooth travel around the city. Living on the Magnificent Mile means being close to shops, theaters, and parks. It allows for a vibrant lifestyle with endless options for entertainment and leisure. The view from the units captures the essence of urban life, enhancing the living experience. Located near Lake Michigan, outdoor activities are just a short drive away. This blend of comfort and excitement makes it a desirable home.

One Magnificent Mile Condominiums Key Stats Last 12 months

Avg. Listed Price$1,047,750($478/Sqft.)

Avg. Sale Price$939,853($434/Sqft.)
Year over year list priceDown Arrow2.67%

Year over year sale priceUp Arrow 0.69%
Total Listings13 Listed

Total sold14 Sold
Average Days on Market132 days

Average HOA fees per sqft$2 /monthly
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Key Stats

Year over year list priceDown Arrow2.67%

Year over year sale priceUp Arrow0.69%
Total Listings13 Listed

Total sold14 Sold
Average Days on Market132 days

Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

One Magnificent Mile Condominiums Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 5503-55015503-55016000461932025-05-13
MLS#: 12155352
Closed$2,152,582
Unit 51035103480045902021-03-03
MLS#: 10946454
Closed$2,850,000
Unit 48044804484056982018-03-15
MLS#: 09814059
Closed$2,200,000
Unit 4804
4804

5 Beds

6 Baths

4840 sqft


DateStatusPrice
2018-03-15Closed$2,200,000
MLS#: 09814059
Days On Market98
Unit 5103
5103

4 Beds

5 Baths

4800 sqft


DateStatusPrice
2021-03-03Closed$2,850,000
MLS#: 10946454
Days On Market90
Unit 5503-5501
5503-5501

4 Beds

6 Baths

6000 sqft


DateStatusPrice
2025-05-13Closed$2,152,582
MLS#: 12155352
Days On Market193
View Complete Unit Listing HistorySource By: MRED

Amenities

One Magnificent Mile not only charms with its classic design but also thrills with an array of fantastic amenities that make city living feel like a vacation. Imagine diving into the refreshing indoor pool or unwinding in the sauna after a long day! The fitness enthusiast in you will appreciate the dedicated exercise room and health club. If you're a social butterfly, the party room and sundeck will be your go-to spaces to host get-togethers. Plus, with services like valet service and a steam room, your everyday life will feel luxurious and effortless.

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Amenities Description

One Magnificent Mile not only charms with its classic design but also thrills with an array of fantastic amenities that make city living feel like a vacation. Imagine diving into the refreshing indoor pool or unwinding in the sauna after a long day! The fitness enthusiast in you will appreciate the dedicated exercise room and health club. If you're a social butterfly, the party room and sundeck will be your go-to spaces to host get-togethers. Plus, with services like valet service and a steam room, your everyday life will feel luxurious and effortless.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

In Ground Pool

In Ground Pool

Above Ground Pool

Above Ground Pool

Indoor Pool

Indoor Pool

Door Person

Door Person

Security Door Lock(s)

Security Door Lock(s)

Private Laundry Hkup

Private Laundry Hkup

Sundeck

Sundeck

Patio

Patio

Receiving Room

Receiving Room

Spa/Hot Tub

Spa/Hot Tub

Steam Room

Steam Room

Sauna

Sauna

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Restaurant

Restaurant

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Valet

Valet

Policies

Living at One Magnificent Mile means being part of a respectful community. The building maintains reasonable policies, ensuring both comfort and harmony among residents. You’ll find clear guidelines on pet ownership—cats and dogs are welcome, so your furry friends can join you in making your new place feel like home.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
One Magnificent Mile Condominiums$434/sqft.$2 /sqft.
950 N Michigan Ave$425/sqft.$2 /sqft.
100 E Walton St$333/sqft.$2 /sqft.
77 E Walton Place$563/sqft.$1 /sqft.
1000 N Lake Shore Dr$292/sqft.$2 /sqft.
77 E Walton Pl$563/sqft.$1 /sqft.

Nearby Schools

One Magnificent Mile Condominiums is positioned near local schools serving the surrounding area. Educational institutions within a 2-mile radius improve daily accessibility. Families benefit from shorter commutes and convenience. This well-located area supports comfortable living.

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|0.23 miles away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|0.48 miles away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|0.51 miles away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|0.55 miles away

Immaculate Conception School

--
Private|Grades PK–8
363 W Hill St|0.7 miles away

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|0.72 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

One Magnificent Mile Condominiums is positioned near local schools serving the surrounding area. Educational institutions within a 2-mile radius improve daily accessibility. Families benefit from shorter commutes and convenience. This well-located area supports comfortable living.

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|Less than 1 Mile Away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|Less than 1 Mile Away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|Less than 1 Mile Away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|Less than 1 Mile Away

Immaculate Conception School

--
Private|Grades PK–8
363 W Hill St|Less than 1 Mile Away

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|Less than 1 Mile Away

Latin School of Chicago Lower

--
Private|Grades PK–12
1531 N Dearborn Pk...|Less than 1 Mile Away

Catherine Cook School

--
Private|Grades PK–8
226 W Schiller St|Less than 1 Mile Away

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|Less than 1 Mile Away

Manierre Elementary School

F
Public|Grades PK–8
1420 N Hudson Ave|Less than 1 Mile Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|1.01 Miles Away

Skinner North Elementary School

A
Public|Grades KG–8
640 W Scott St|1.08 Miles Away

Lasalle Elementary Language Academy

B+
Public|Grades KG–8
1734 N Orleans St|1.15 Miles Away

Skinner Elementary School

A
Public|Grades PK–5
111 S Throop St|1.17 Miles Away

Cics - Quest North Campus

F
Public|Grades 9–12
1443 N Ogden Ave|1.17 Miles Away

Noble St Charter-the Noble Academy

A
Public|Grades 9–12
1443 N Ogden Ave|1.18 Miles Away

Jenner Elementary Academy of the Arts

--
Public|Grades PK–8
|1.20 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.22 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.24 Miles Away

Fusion Academy Lp: Chicago- Lincoln Park

--
Private|Grades 6–12
1440 N Dayton St S...|1.40 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.39 Miles Away

Gce Lab School

--
Private|Grades 9–12
1535 N Dayton St|1.40 Miles Away

Newberry Elementary Math & Science Academy

B-
Public|Grades PK–8
700 W Willow St|1.47 Miles Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.65 Miles Away

Lincoln Park High School

B+
Public|Grades 9–12
2001 N Orchard St|1.69 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|1.73 Miles Away

Ogden Intermediate High School

A
Public|Grades 9–12
1250 W Erie St|1.80 Miles Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|1.86 Miles Away

St James Lutheran School

--
Private|Grades PK–8
2101 N Fremont St|1.92 Miles Away

St Stanislaus Kostka School

--
Private|Grades PK–8
1255 N Noble St|1.95 Miles Away

Lincoln Elementary School

A+
Public|Grades KG–8
615 W Kemper Pl|1.95 Miles Away

Noble St Charter Rauner College Preparatory

A
Public|Grades 9–12
1337 W Ohio St|1.97 Miles Away

Noble St Charter-Noble Campus

A+
Public|Grades 9–12
1010 N Noble St|1.97 Miles Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|1.98 Miles Away

Transit

One Magnificent Mile Condominiums benefits from a network of nearby public transportation options within a 2-mile radius. Access to Bus, Metro ensures convenient travel to employment hubs and local destinations. Strong transit connectivity reduces travel time and improves daily convenience. A transit-friendly location adds value for residents and visitors alike.

1700 N Halsted

1.46 miles away|28 min walk

1900 N Halsted

1.63 miles away|32 min walk

300 W Division

0.66 miles away|13 min walk

311 W Division

0.63 miles away|13 min walk

320 N LaSalle

0.91 miles away|18 min walk

321 N LaSalle

0.9 miles away|18 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

One Magnificent Mile Condominiums benefits from a network of nearby public transportation options within a 2-mile radius. Access to Bus, Metro ensures convenient travel to employment hubs and local destinations. Strong transit connectivity reduces travel time and improves daily convenience. A transit-friendly location adds value for residents and visitors alike.

1700 N Halsted

1.46 miles away|28 min walk

1900 N Halsted

1.63 miles away|32 min walk

300 W Division

0.66 miles away|13 min walk

311 W Division

0.63 miles away|13 min walk

320 N LaSalle

0.91 miles away|18 min walk

321 N LaSalle

0.9 miles away|18 min walk

333 S Franklin Street (Chicago)

1.69 miles away|33 min walk

350 S. Clark Street (Chicago)

1.61 miles away|31 min walk

530 W Grand

1.12 miles away|22 min walk

700 W Chicago

1.14 miles away|22 min walk

Adams & Canal

1.63 miles away|32 min walk

Adams & Clark

1.47 miles away|29 min walk

Adams & State

1.45 miles away|28 min walk

Adams & S. Wacker

1.57 miles away|31 min walk

Adams & Wabash

1.43 miles away|28 min walk

Adams/Wabash

1.44 miles away|28 min walk

Adams & Wells

1.52 miles away|30 min walk

AM Michigan & Randolph (Chicago)

1.08 miles away|21 min walk

Armitage

1.9 miles away|37 min walk

Armitage (Brown/Purple)

1.9 miles away|37 min walk

Armitage & Clark

1.38 miles away|27 min walk

Armitage & Cleveland

1.5 miles away|29 min walk

Armitage & Fremont

1.83 miles away|35 min walk

Armitage & Halsted

1.74 miles away|34 min walk

Armitage & Larrabee

1.58 miles away|31 min walk

Armitage & Lincoln/Sedgwick

1.44 miles away|28 min walk

Armitage & Orchard

1.66 miles away|32 min walk

Armitage Station (Brown Line)

1.89 miles away|37 min walk

Balbo & Columbus

1.88 miles away|36 min walk

Balbo & Michigan

1.87 miles away|36 min walk

Balbo & State

1.88 miles away|36 min walk

Canal & Madison

1.47 miles away|29 min walk

Canal & Randolph

1.35 miles away|26 min walk

Canal & Randolph/Washington

1.4 miles away|27 min walk

Cannon & Nature Museum/Fullerton

1.92 miles away|37 min walk

Chestnut & Lake Shore Drive

0.35 miles away|7 min walk

Chestnut & Mies Van Der Rohe

0.16 miles away|4 min walk

Chicago (Blue)

1.6 miles away|31 min walk

Chicago-Blue

1.6 miles away|31 min walk

Chicago-Brown

0.63 miles away|13 min walk

Chicago (Brown/Purple)

0.63 miles away|13 min walk

Chicago & Clark

0.41 miles away|8 min walk

Chicago & Elizabeth

1.82 miles away|35 min walk

Chicago & Fairbanks

0.33 miles away|7 min walk

Chicago & Franklin (Brown line)

0.61 miles away|12 min walk

Chicago & Halsted

1.2 miles away|23 min walk

Chicago & Hudson

0.82 miles away|16 min walk

Chicago & Larrabee

0.96 miles away|19 min walk

Chicago & LaSalle

0.49 miles away|10 min walk

Chicago & Michigan

0.24 miles away|5 min walk

The Neighbourhood: Streeterville

Streeterville sits on the Near North Side of Chicago near Lake Michigan. Navy Pier hosts the Centennial Wheel and a small amusement area. Chicago Children's Museum sits at Navy Pier and draws many families. Oak Street Beach offers sand, views, and lake access. Millennium Park displays public art like Cloud Gate and offers green space. The Chicago Riverwalk provides walking paths and boat access. Restaurants like Giordano's and Eataly serve pizza and Italian food to locals and visitors. Joe's Seafood and RPM Seafood serve seafood. Bars such as Howl at the Moon and the Signature Room at the 95th offer nightlife and city views. CTA Red Line trains and CTA buses move riders through the area. The Chicago Water Taxi connects Navy Pier to stops along the river. Metra trains provide commuter service to downtown stations. Small shops and offices fill many blocks and provide daily needs. Parks and paths attract joggers, tourists, and workers in warm months. This district shows a mix of high-rise apartments, hotels, and tourist venues. Data shows that the most common age group falls between 25 to 29 years old and that one-person households make up the largest share of residents.

Next

Neighbourhood Description

Streeterville sits on the Near North Side of Chicago near Lake Michigan. Navy Pier hosts the Centennial Wheel and a small amusement area. Chicago Children's Museum sits at Navy Pier and draws many families. Oak Street Beach offers sand, views, and lake access. Millennium Park displays public art like Cloud Gate and offers green space. The Chicago Riverwalk provides walking paths and boat access. Restaurants like Giordano's and Eataly serve pizza and Italian food to locals and visitors. Joe's Seafood and RPM Seafood serve seafood. Bars such as Howl at the Moon and the Signature Room at the 95th offer nightlife and city views. CTA Red Line trains and CTA buses move riders through the area. The Chicago Water Taxi connects Navy Pier to stops along the river. Metra trains provide commuter service to downtown stations. Small shops and offices fill many blocks and provide daily needs. Parks and paths attract joggers, tourists, and workers in warm months. This district shows a mix of high-rise apartments, hotels, and tourist venues. Data shows that the most common age group falls between 25 to 29 years old and that one-person households make up the largest share of residents.

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One Magnificent Mile Condominiums Demographics

This neighborhood indicates a good mix of people which makes it a good place for families. About 5.11% are children aged 0–14, 33.26% are young adults between 15–29, 25.4% are adults aged 30–44, 14.61% are in the 45–59 range and 21.62% are seniors aged 60 and above. Commuting options are also varying where 28.27% of residents relying on walking, while others prefer public transit around 23.08%, driving around 21.95%, biking around 1.93%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 61.45% of units are rented and 38.55% are owner occupied. The neighborhood offers different household types. About 6.63% are single family homes and 0.46% are multi family units. Around 59.14% are single-person households, while 40.86% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 43.37% of residents have bachelor’s degrees. Around 4.25% have high school or college education. Another 2.09% hold diplomas while 41.76% have completed postgraduate studies. The remaining are 8.53% with other types of qualifications.

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Demographics Description

This neighborhood indicates a good mix of people which makes it a good place for families. About 5.11% are children aged 0–14, 33.26% are young adults between 15–29, 25.4% are adults aged 30–44, 14.61% are in the 45–59 range and 21.62% are seniors aged 60 and above. Commuting options are also varying where 28.27% of residents relying on walking, while others prefer public transit around 23.08%, driving around 21.95%, biking around 1.93%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 61.45% of units are rented and 38.55% are owner occupied. The neighborhood offers different household types. About 6.63% are single family homes and 0.46% are multi family units. Around 59.14% are single-person households, while 40.86% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 43.37% of residents have bachelor’s degrees. Around 4.25% have high school or college education. Another 2.09% hold diplomas while 41.76% have completed postgraduate studies. The remaining are 8.53% with other types of qualifications.

Age Demographics

0–14 Years

5.11%

15–29 Years

33.26%

30–44 Years

25.4%

45–59 Years

14.61%

60+ Years

21.62%

Commute

23.08%

Transit

28.27%

Walk

21.95%

Drive

1.93%

Bike

Housing Ownership

38.55%

Owner Occupied

61.45%

Rental Units

Household Types

Single Family
6.63%
Multi Family
0.46%
Single Person
59.14%
Multi Person
40.86%

Average Income

Household:$11,658,638.71 /yr

Individual:$11,398,741.78 /yr

Education

Bachelors Degree43.37%
High School College4.25%
Diploma2.09%
Post Graduate41.76%
Others8.53%
Next

Education

Diploma2.09%
Post Graduate41.76%
Others8.53%
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    One Magnificent Mile Condominiums
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