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Condos for Sale in Magnificent Mile, Chicago

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Overview
Market Summary
1 Bedroom Condos
2 Bedroom Condos
3+ Bedroom Condos
Pet-Friendly Condos
Fitness & Wellness Condos
Condos with Stunning Views
Neighbourhood
Demographics

About Magnificent Mile

Magnificent Mile, a premier shopping and dining destination in Chicago, is famous for its vibrant energy and stunning skyline. The area features an array of flagship stores, luxury boutiques, and renowned restaurants, making it a haven for both shoppers and food enthusiasts. Visitors can explore iconic landmarks like the Water Tower and the Chicago Riverwalk, while enjoying easy access to public transportation, including bus routes and the nearby Red Line subway. This district promises an urban lifestyle filled with culture, entertainment, and convenience at every turn.

Magnificent Mile Market Summary

The condo mix runs from luxury high-rises to restored mid-rises, many with bay or ocean views, concierge, pools, and fitness centers.

Average Condo Sizes

1 Bedroom avg size1017.71 sqft

2 Bedroom avg size1860.07 sqft

3 Bedroom avg size3112.31 sqft

Pricing and Liquidity

No price and liquidity data available.

1 Bedroom Condos

AVG PPSF$372.56 /sqft

AVG SOLD PRICE$363,372.5

AVG DAYS ON MARKET75 Days

Featured Buildings

57 E Delaware Place

57 E DELAWARE PLACE,CHICAGO,IL

3 units available

111 East Chestnut Condominiums

111 E CHESTNUT STREET,CHICAGO,IL

3 units available

100 E. Walton Condominiums

100 E WALTON STREET,CHICAGO,IL

0 unit available

View 1-Bedroom Condos

2 Bedroom Condos

AVG PPSF$452.03 /sqft

AVG SOLD PRICE$829,462.27

AVG DAYS ON MARKET113 Days

Featured Buildings

118 E Erie Street

118 E ERIE STREET,CHICAGO,IL

3 units available

57 E Delaware Place

57 E DELAWARE PLACE,CHICAGO,IL

3 units available

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3+ Bedroom Condos

AVG PPSF$530.45 /sqft

AVG SOLD PRICE$1,628,207.66

AVG DAYS ON MARKET131 Days

Featured Buildings

111 East Chestnut Condominiums

111 E CHESTNUT STREET,CHICAGO,IL

3 units available

950 N Michigan Ave

950 N MICHIGAN AVE UNIT 2305,CHICAGO,IL

7 units available

57 E Delaware Place

57 E DELAWARE PLACE,CHICAGO,IL

3 units available

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Pet-Friendly Condos

AVG PPSF$454.36 /sqft

AVG SOLD PRICE$912,725.41

AVG DAYS ON MARKET105 Days

Featured Buildings

One Hundred East Huron / East Huron Residences

100 E HURON STREET,CHICAGO,IL

3 units available

110 E Delaware Pl

110 E DELAWARE,CHICAGO,IL

0 unit available

800 N Michigan Avenue

800 N MICHIGAN AVENUE,CHICAGO,IL

12 units available

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Fitness & Wellness Condos

AVG PPSF$443.62 /sqft

AVG SOLD PRICE$825,368.56

AVG DAYS ON MARKET106 Days

Featured Buildings

110 East Delaware

110 E DELAWARE PLACE,CHICAGO,IL

0 unit available

132 East Delaware Place Condominiums

132 E DELAWARE PLACE,CHICAGO,IL

4 units available

One Magnificent Mile Condominiums

950 N MICHIGAN AVENUE,CHICAGO,IL

7 units available

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Stunning Views Condos

AVG PPSF$492.67 /sqft

AVG SOLD PRICE$1,131,399.31

AVG DAYS ON MARKET116 Days

Featured Buildings

111 E Chestnut St

111 E CHESTNUT ST UNIT 37K,CHICAGO,IL

3 units available

800 W Michigan Ave

800 W MICHIGAN AVE,CHICAGO,IL

12 units available

100 E Huron St

100 E HURON ST UNIT 4601,CHICAGO,IL

3 units available

View Condos with Stunning Condos

The Neighbourhood: Magnificent Mile

Magnificent Mile is a busy shopping stretch along Michigan Avenue. The area has many shops, big stores, and brand-name outlets. This district has a wide mix of places to eat and shop, cafes, and bars. It also has hotels, office buildings, and small parks to sit in. People walk to nearby museums, the riverwalk, and the lakefront for views. The area has easy bus and train service, short drives to major roads, and local services like grocery stores, banks, and pharmacies.

Demographics

Average Resident age40 years old

Average household Income$118,569 /year

Average HouseHold Composition2 People

What to know about Magnificent Mile demographics:

In the Magnificent Mile area, approximately 43.37% of adults hold a Bachelor's degree or higher, indicating a highly educated community.
The average age of residents is around 40 years, fostering a blend of young professionals and established families.

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Frequently Asked Questions about Magnificent Mile

What is it like to live in Magnificent Mile, Chicago, IL?

Living in Magnificent Mile offers a vibrant urban experience characterized by high-end shopping, dining, and cultural attractions. Residents enjoy proximity to Lake Michigan and renowned landmarks, making it a desirable area for those seeking an active lifestyle.

Is Magnificent Mile, Chicago, IL expensive?

Magnificent Mile is one of the priciest areas in Chicago, featuring luxury shopping, fine dining, and upscale accommodations. The cost of living is significantly higher than the city average, especially for housing and retail spaces.

What is the weather of Magnificent Mile, Chicago, IL?

Magnificent Mile experiences a continental climate with cold winters and warm, humid summers. Average winter temperatures range from 20°F to 35°F, while summer temperatures can reach 70°F to 85°F. Snowfall is common from November to March, and summer thunderstorms may occur.

How safe is Magnificent Mile, Chicago, IL?

The Magnificent Mile is generally considered safe, with increased police presence and surveillance due to its status as a tourist and commercial hub. However, like many urban areas, it has experienced crime, and residents and visitors are advised to be vigilant, especially at night.