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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
Luxury Condos
Neighbourhood
Demographics

About Magnificent Mile

The Magnificent Mile is a vibrant part of Chicago known for its mix of shopping, culture, and city life. This district features unique buildings, historic sights, and a lively atmosphere. It attracts many people with its blend of different styles and activities. Units with 1–3 bedrooms (one-bedroom 600.0 - 1570.0 sq ft, two-bedroom 1365.0 - 3000.0 sq ft, three-plus 1830.0 - 6000.0 sq ft) fit a range of needs.

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

Magnificent Mile boasts a variety of 1-bed condos. Currently, these condos range from 600 sq ft to 1,570 sq ft, providing options for different preferences. Prices average around $363,373, reflecting the area's popularity. Most condos feature excellent views of the bustling streets below, lined with cafes and boutique shops. As you navigate the area, you will notice wide stone sidewalks and benches, perfect for resting. Live music often fills the air from nearby venues, adding to the vibrant atmosphere. Units typically remain on the market for about 75 days. With a cost per square foot of $373, these condos offer a blend of convenience and urban living.

Featured Buildings

118 E Erie St

118 E ERIE ST, CHICAGO,IL

6 units available

View 1-Bedroom Condos

2 Bedroom Condos

AVG PPSF$452.03 /sqft

AVG SOLD PRICE$829,462.27

AVG DAYS ON MARKET113 Days

Magnificent Mile features various 2-bed condos. Currently, these condos range from 1,365 to 3,000 sq ft, with many units located near crosswalks and cafes. Stone sidewalks and well-kept benches line the streets. Residents can easily access public transportation, with bus stops placed conveniently throughout the area. The average cost for a 2-bed condo is roughly $829,462. A typical property tends to remain on the market for about 112 days before selling. Additionally, the cost per sq ft for these condos is around $452. This vibrant area blends commercial and residential spaces, creating a unique urban lifestyle.

Featured Buildings

800 W Michigan Ave

800 W MICHIGAN AVE,CHICAGO,IL

10 units available

View 2-Bedroom Condos

3+ Bedroom Condos

AVG PPSF$530.45 /sqft

AVG SOLD PRICE$1,628,207.66

AVG DAYS ON MARKET131 Days

Magnificent Mile features numerous 3-bed condos. Currently, these residences typically range from 1,830 to 6,000 sq ft, offering spacious interiors for various preferences. One can observe sleek buildings mixed with historic architecture along the vibrant streets, while street lights line the sidewalks. You will find benches and small green spaces to relax near busy crosswalks and shops. The average price for such a condo is roughly $1,628,208, with an estimated cost of $530 per sq ft. Condos in this area stay on the market for approximately 131 days before they sell. This lively neighborhood is also known for its easy access to public transportation and diverse dining options.

Featured Buildings

800 W Michigan Ave

800 W MICHIGAN AVE,CHICAGO,IL

10 units available

View 3+ Bedroom Condos

Pet-Friendly Condos

AVG PPSF$454.36 /sqft

AVG SOLD PRICE$912,725.41

AVG DAYS ON MARKET105 Days

Magnificent Mile has some pet-friendly condos. Currently, the average cost for these homes is $913,000, with a market time of about 105 days. Many options offer great views and easy access to parks, such as Lake Shore Park and Millennium Park. Most condos have open spaces for pets to enjoy, along with nearby shops and cafes that welcome four-legged companions. Residents can find green spaces to walk dogs and places to meet other pet owners. Prices per square foot for these units are roughly $455, making it a popular choice for those who want to live close to the lake and city life while keeping their pets happy.

Featured Buildings

800 W Michigan Ave

800 W MICHIGAN AVE,CHICAGO,IL

10 units available

800 N Michigan Avenue

800 N MICHIGAN AVENUE,CHICAGO,IL

10 units available

111 E Chestnut St

111 E CHESTNUT ST, CHICAGO,IL

5 units available

View Pet Friendly Condos

Fitness & Wellness Condos

AVG PPSF$443.62 /sqft

AVG SOLD PRICE$825,368.56

AVG DAYS ON MARKET106 Days

Magnificent Mile offers health-focused condos. Currently, prices average around $825,369, with a market time of 106 days. Direct access to parks like the nearby Washington Square Park gives space for exercise and rest. Local stores, such as Whole Foods Market, give easy access to fresh food options. Fitness centers within these condos often include pools and gym areas. Most street lights along the Mile add to the walkable feel, encouraging strolls. The proximity to the Art Institute of Chicago lets residents enjoy culture after a workout. Convienent crosswalks help navigate the busy streets safely. Healthy living thrives in this bustling urban area.

Featured Buildings

800 W Michigan Ave

800 W MICHIGAN AVE,CHICAGO,IL

10 units available

800 N Michigan Avenue

800 N MICHIGAN AVENUE,CHICAGO,IL

10 units available

View Fitness & Wellness Condos

Stunning Views Condos

AVG PPSF$492.67 /sqft

AVG SOLD PRICE$1,131,399.31

AVG DAYS ON MARKET116 Days

Magnificent Mile features stunning view condos priced around $1,103,060. These homes offer views of iconic sites such as the John Hancock Center and the Tribune Tower. Actually, the area boasts high-end shops, hotels, and the beloved Water Tower Place. Parks like the nearby Millennium Park offer green space, art, and concerts, adding charm to the city vibe. Schools in this area include the Chicago International School, which offers diverse education options. Most condos in the area have a cost of about $477 per sq ft, making them a key part of the market here. You will enjoy proximity to the lavish sights of Chicago in this vibrant area.

Featured Buildings

800 W Michigan Ave

800 W MICHIGAN AVE,CHICAGO,IL

10 units available

111 E Chestnut St

111 E CHESTNUT ST, CHICAGO,IL

5 units available

111 East Chestnut Condominiums

111 E CHESTNUT STREET,CHICAGO,IL

5 units available

View Condos with Stunning Condos

Luxury Condos

AVG PPSF$476.57 /sqft

AVG SOLD PRICE$1,103,059.23

AVG DAYS ON MARKET121 Days

Magnificent Mile boasts stunning luxury condos that appeal to buyers. Currently, listings average around $1,103,060 with a market time of 121 days, showing steady interest in this iconic area. Most condos here come with breathtaking views of Lake Michigan and easy access to premier shopping at locations like Water Tower Place, which features upscale brands and dining options. Nearby parks, such as the historic Washington Square Park, offer green space for leisure and community events. Enjoying the elegance of this neighborhood means being close to cultural highlights, including art galleries and theaters that showcase local talent. Residents experience city living at its finest in this vibrant locale.

Featured Buildings

800 W Michigan Ave

800 W MICHIGAN AVE,CHICAGO,IL

10 units available

800 N Michigan Avenue

800 N MICHIGAN AVENUE,CHICAGO,IL

10 units available

118 E Erie St

118 E ERIE ST, CHICAGO,IL

6 units available

The Neighbourhood: Magnificent Mile

Magnificent Mile sits on the near north side of Chicago and draws shoppers, workers, and tourists. Navy Pier offers amusement rides, the Centennial Wheel, theater shows, and seasonal events. Millennium Park provides open lawn, public art, and music at the Jay Pritzker Pavilion. Chicago Riverwalk gives space for walking and connects to boat tours and the Chicago Water Taxi. Maggie Daley Park supplies playgrounds and a skating ribbon for families. The Purple Pig serves small plates with Mediterranean flavors to diners. Gibsons Bar & Steakhouse and Giordano's serve steak and deep dish pizza for varied tastes. Eataly operates as a food market with several restaurants in the district. CTA Red Line and CTA Blue Line provide rapid rail access across the city. Metra trains connect commuters to suburbs from nearby stations. Buses run frequently and cyclists use protected lanes and rental bikes. Water Tower Place houses shops, services, and a mall cinema for visitors. Small galleries, hotels, and bars support a mix of business and residential life. Local data shows that the most common age group falls between 25 to 29 years old, with one-person households.

Demographics

Average Resident age40 years old

Average household Income$118,569 /year

Average HouseHold Composition2 People

What to know about Magnificent Mile demographics:

Many adults in the area have a Bachelor's degree. About 43.37% of the people here are well-educated.
The average age of residents is around 40 years. This makes it a lively area for adults.

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Frequently Asked Questions about Magnificent Mile

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

Living on the Magnificent Mile offers great access to shopping, dining, and cultural attractions. The area is busy and vibrant, with many high-rise apartments and hotels. Residents enjoy a lively urban atmosphere with easy transportation options.

Is Magnificent Mile, Chicago, IL expensive?

The Magnificent Mile is known for being one of the most expensive areas in Chicago. It features luxury shopping, high-end hotels, and upscale dining. Real estate prices are higher due to its central location and attractions.

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

The Magnificent Mile experiences cold winters with snowfall. Summers are warm, often with high humidity. Spring and fall have mild temperatures, making them pleasant times of year.

How safe is Magnificent Mile, Chicago, IL?

Magnificent Mile is generally considered safe, especially during the day with many people around. The area has good security measures and regular police presence. However, as with any urban area, safety can vary in specific locations and times.