$780,262Average Value$476Average Price per Sq Ft94Homes For Sale
A Chicago neighborhood home to a bustling commercial district and high-rise condos
The Chicago neighborhood of Magnificent Mile received its name in the 1940s after developer Arthur Rubloff noted that the stretch was home to architectural gems like the Wrigley Building, the Tribune Tower, and the Palmolive Building. Since then, Mag Mile, as it is locally known, has welcomed a luxe commercial district featuring upscale restaurants, retailers and high-rise condos, offering residents plenty to do close to home. “While Lincoln Park has that classic neighborhood feel with tree-lined streets, as you go further south into Magnificent Mile, you start getting into high-rise living, and the city of big shoulders comes at you fast,” says Grigory Pekarsky, Realtor with Vesta Preferred LLC, who has 16 years of selling experience in Chicago. “You’re not getting your own doorstep, but you’re getting convenience. People value that here. They want that lifestyle.”
Luxury high-rises tower over Mag Mile offering residents lakefront views from the sky.
Mag Mile homes line the shores of Lake Michigan and boast some of the best views in the city.
Mag Mile is home to Chicago's Neo Gothic landmark architecture at the Wrigley and Tribune tower.
1/3
The retailer and eateries of North Michigan Avenue
Considered Chicago’s most idyllic commercial district, a walk down North Michigan Avenue includes stops into an array of stores, from ZARA and Tommy Bahama to luxury retailers located in Saks Fifth Avenue. Many, including tourists, come to the area to do seasonal shopping or spend the day peeking through the impressive storefronts. Many restaurants call Mag Mile home, like Pierrot Gourmet at The Peninsula, offering mid-day snacks in the form of pastries and coffee out on its patio. Though filled with fine-dining opportunities, according to locals, Gino’s East on East Superior Street is the go-to spot for a casual dinner. “It’s the place to be,” says Marcus Franklin, a Chicago native and longtime resident who now lives in the suburbs to the north. “You go in, write your name on the wall and then enjoy a Chicago-style deep-dish pizza.” For meals at home, residents head to the Trader Joe’s on East Ontario Street to stock up on groceries.
Michigan Ave aka "Mag Mile" is home to flagship retail stores and luxury brands.
Flagship stores elevate brands public image as they claim prime retail real estate on Mich Ave.
Walking on Michigan Ave is known for its see and be seen shopping experience.
Ginos East brings deep dish to the Mag Mile with a variety of in house pies and casual dining.
1/4
The homes of Magnificent Mile
Homes in the community come in high-rise condo buildings that overlook the streets beneath. These break off from the wide residential sidewalks and lead into lobby areas, many of which feature a concierge at the entrance. Built during the mid-to-late 20th century, these many include large windows, providing residents with panoramic views of the Chicago skyline. Prices range from $195,000 for a single bedroom to $700,000 for a larger multiple-bedroom space. However, units with expansive square footage featuring building amenities from spas, community pools and fitness centers can reach up to $3.25 million.
Condos in Mag Mile come in a variety of sizes from low to high-rise towers next to the MCA.
Gilded entrances to Mag Mile homes portray a level of sophistication in the housing supply.
Mid and Highrise condos line the shores of Lake Michigan as the sunsets over the Mag Mile.
1/3
Wintertime visits to The Christkindlmarket
When the holiday season rolls around, many head less than a mile south to The Christkindlmarket on West Washington Street. “It’s a staple for people living in Chicago,” says Franklin. Here, shoppers enjoy seasonal candies while exploring an array of local vendors. “We used to take the kids there every year and visit the same artist who makes glass-blown ornaments, and now we have 13 years' worth,” shares Franklin In the summer, the SOAR Farmers Market at the Museum of Contemporary Art plaza welcomes residents every Tuesday, with booths selling fresh produce, flowers, baked goods and more.
Families enjoy a cold day at the Christkindlmarket in Chicago.
The SOAR Farmers Market at the MCA welcomes residents each Tuesday with produce and baked goods.
1/2
The shores of Ohio Street Beach
Residents have plenty of recreational opportunities, including trips to the Museum of Ice Cream on North Michigan Avenue and the Wrigley Building, to appreciate the architecture of the historic Chicago landmark. Time by Michigan Lake is spent 4 blocks east at Ohio Street Beach, where many go for walks along the beach or jog along the paved parallel pathway.
Ohio St Beach is family friendly with a foam walk way across the sand.
Bikers race down the lake shore path as it runs through Jane Adams Memorial Park.
Mag Mile residents enjoy the pristine shoreline at Ohio St Beach all summer long.
1/3
Getting around on the Red Line
Two Red Line stops are along North State Street: Chicago Station at the intersection of West Chicago Avenue and Grand Station at East Grand Avenue. These both sit a 2-block stroll east of the neighborhood and provide passengers access to the entire city. Meanwhile, those traveling out of the city can reach flights at Chicago O’Hare International Airport via I-90, or the CTA Blue Line. Closer to home is John H. Stroger Jr. Hospital, a 5-mile drive on Ontario Street, and the University of Illinois Chicago campus, a 3-mile trip along the same route.
Commuting around the Mag Mile is easy with several stops available on the CTA Red Line.
The CTA operates several stations in the Mag Mile quickly connecting residents between lines.
1/2
Getting schooled in Magnificent Mile
Students from prekindergarten through 8th grade can attend Ogden Elementary School, which maintains a B-minus grade on Niche. Meanwhile, older students can head to William H. Wells Community Academy High School, which holds a C-plus rating. Private schools, Frances Xavier Warde School and The Latin School of Chicago are also close by, and both maintain an A-plus rating.
Nearby the Magnificent Mile is Ogden Elementary, a branch of the Ogden International School of Chicago.
Wells Community Academy High School holds a C-plus Niche rating.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Are you familiar with the Magnificent Mile neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Magnificent Mile
US
Homicide
4
4
Sexual Assault
7
4
Assault with Weapon
5
4
Robbery
4
4
Burglary
7
4
Motor Vehicle Theft
6
4
Larceny
5
4
Crime Score
4
4
Source: WhatIsMyCrimeRisk.com
Magnificent Mile Demographics and Home Trends
On average, homes in Magnificent Mile, Chicago sell after 66 days on the market compared to the national average of 53 days. The median sale price for homes in Magnificent Mile, Chicago over the last 12 months is $635,000, up 16% from the median home sale price over the previous 12 months.
Brand new renovation-move in ready and stunning throughout! Fully renovated from top to bottom, this 2-bedroom home offers modern design, practical and high-end updates, and a prime Gold Coast location. Just steps from Oak Street Beach, the lakefront trail, Oak Street's high-end boutiques, Rush Street dining, nightlife, and cafes, and within easy walking distance of Michigan Avenue, the
Ramona Antonesi@properties Christie's International Real Estate
This Premier Tower Residence features south, east & north views - lake, river and city views. Tribune Tower Residences offers a once-in-a lifetime opportunity to own a home in one of Chicago's most iconic buildings. There are 162 residences with 56 different floor plans, creating many one-of-a-kind residences. It is appointed with the most luxurious finishes: custom millwork and cabinetry,
Exquisitely decorated model unit in the Tower overlooking iconic Michigan Avenue. Tribune Tower Residences offers a once-in-a lifetime opportunity to own a home in one of Chicago's most iconic buildings. There are 162 residences with 56 different floor plans, creating many one-of-a-kind residences. It is appointed with the most luxurious finishes: custom millwork and cabinetry, SubZero, Wolf and
This beautifully reimagined two-bedroom home at the Four Seasons Residences offers a sophisticated lifestyle with a completely redesigned floor plan and high-end finishes throughout. The expansive living and dining room features rich hardwood floors, two oversized picture windows framing the magnificent city skyline, and breathtaking sunset views. The open, classic white kitchen is a chef's dream
Perched high above the city, this 1,456 sq. ft. residence offers sweeping northeast views of Chicago's skyline, Lake Shore Drive, and Lake Michigan through oversized picture windows. The expansive living and dining room, finished with hardwood floors, seamlessly opens to a chef's custom kitchen featuring stainless steel appliances, abundant cabinetry, and a sleek design perfect for both everyday
Spectacular location, 1/2 block from the beach and steps to the shops on Oak Street! This spacious 2 bed plus Den, 3.1 bath unit boasts 1830 square feet of living space and spectacular city views from every window. Beautiful wood parquet floors grace all the living areas. Bedrooms are carpeted, with wood parquet under the carpeting in the second bedroom. The eat-in kitchen has granite counters,
HOT LOCATION IN THE HEART OF THE MAGNIFICENT MILE!! THIS BEAUTIFUL CONDO HAS HAD MANY UPDATES & IS READY FOR YOU TO MOVE RIGHT IN! HARDWOOD FLOORS THROUGHOUT, UPGRADED KITCHEN CABINETRY & COUNTER-TOPS, BATHROOM VANITY, COUNTER-TOPS, MIRROR & LIGHTING. WALK OUT THE FRONT DOOR INTO THE HEART OF THE MAGNIFICENT MILE! MICHIGAN AVE SHOPPING & RESTAURANTS ARE AT YOUR FINGERTIPS! FULL AMENITY BUILDING
Incredible sublet opportunity from 12/15/25-7/31/26 with option to renew. Your chance to live in Chicago's most iconic building! This beautifully renovated southeast-facing unit boasts hardwood floors, custom cabinetry, and two custom walk-in closets. Unobstructed lake and Navy Pier views are some of the best in the city, perfect for watching the fireworks. The spacious (1130 sqf) layout, the
Situated at the corner of Grand and St. Clair in Streeterville, The Saint Grand was expertly designed for residents to work, relax, and unwind. Sip your morning coffee from your own private balcony, or revel in the cityscape from your floor-to-ceiling windows overlooking Michigan Avenue. Work in the company of others in the co-working lounge or unwind at the rooftop pool deck and fitness center.
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
