$149,999
- Studio
- 1 Bath
777 N Michigan Ave Unit 2202, Chicago, IL 60611
Matt Laricy Americorp, Ltd
Frequently Asked Questions
Is Magnificent Mile a good place to live?
Magnificent Mile is a good place to live. Magnificent Mile is considered very walkable and very bikeable with excellent transit options. Magnificent Mile is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Magnificent Mile has 16 parks for recreational activities. It is very dense in population with 147.4 people per acre and a median age of 43. The average household income is $152,308 which is above the national average. College graduates make up 84.9% of residents. A majority of residents in Magnificent Mile are renters, with 50.4% of residents renting and 49.6% of residents owning their home. A local real estate agent serving Magnificent Mile can help you decide if this neighborhood is the right one for you. Learn more on our Magnificent Mile neighborhood guide.
Is Magnificent Mile, IL a safe neighborhood?
Magnificent Mile, IL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Magnificent Mile?
The median home price in Magnificent Mile is $775,000. If you put a 20% down payment of $155,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $3,800 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $163K a year to afford the median home price in Magnificent Mile. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Magnificent Mile is $152K.
What are the best public schools in Magnificent Mile?
The best public schools that serve Magnificent Mile are:
- Skinner North Elementary School has an A- Niche grade, a student teacher ratio of 17:1 and an average review score of 3.9.
- Ogden Elementary School has a B- Niche grade, a student teacher ratio of 227:1 and an average review score of 3.5.
- Wells Community Academy High School has a C Niche grade, a student teacher ratio of 12:1 and an average review score of 3.6.
What are the best private schools in Magnificent Mile?
The best private schools that serve Magnificent Mile are:
- Frances Xavier Warde School has an A+ Niche grade, a student teacher ratio of 10:1 and an average review score of 5.0.
- Immaculate Conception - St. Joseph School has an A+ Niche grade, a student teacher ratio of 7:1 and an average review score of 4.9.
- Catherine Cook School has an A+ Niche grade, a student teacher ratio of 8:1 and an average review score of 4.9.
What are the most popular zip codes in Magnificent Mile, Chicago, IL?
What are the most popular neighborhoods near Magnificent Mile, Chicago, IL?
The most popular neighborhoods near Magnificent Mile, Chicago, IL are Streeterville, River North, Gold Coast, New East Side and South Commons.
