Welcome to the Magnificent Mile, the height of luxury in Chicago real estate! Affectionately nicknamed "Mag Mile".
Welcome to the Magnificent Mile, the height of luxury in Chicago real estate! Affectionately nicknamed "Mag Mile," this stretch of luxury shops along Michigan Avenue north of the Chicago River is home to some of the most exclusive shopping and dining opportunities in the whole country. As a result, the limited and very elite Magnificent Mile homes for sale are ideal living spaces for urban socialites, successful business professionals, and anyone who wants to demonstrate their status to the world. If you want to live in one of the most coveted locations in the world, Magnificent Mile real estate is right up your alley!.
As you would expect from a high-end luxury location, Mag Mile real estate carries its weight on the market. With the majority of Mag Mile condos selling for above $1 million, and some luxury penthouse suites going for as high as $10 million, Magnificent Mile homes make excellent investments.
At the higher end of this range, you should expect over 6,000 square feet of space, while homes that sell for closer to $1 million still offer between 1,500 and 3,000 square feet. In other words, your luxury condo can have as much space as a two- or three-story family home.
With the opportunity to live in world-famous buildings like Trump Tower Chicago or Ritz Carlton Residences, you can expect your new Mag Mile condo to offer every luxury, from fantastic interior design to the finest building amenities. On the Magnificent Mile, you'll feel like you own your very own five-star hotel suite.
That said, there are some more affordable buildings along Mag Mile. 535 North Michigan, in particular, is known for its affordable one-bedroom condos, which you can often find for less than $300,000. So if the price tag is scaring you away from the Magnificent Mile, don't worry! You too can own property in one of the finest locations the world over.
Living on the Mag Mile means living in shopper's paradise. Michigan Avenue is lined with world-class shops and boutiques, some of which are hard to find elsewhere in America. Not only is Mag Mile home to the largest Ralph Lauren store in the world, but it's the site of some of the only Chane
In addition to some of the finest shopping opportunities in the nation, the Magnificent Mile is home to a seemingly endless assortment of world-renowned restaurants. You can eat at The Signature Room, The Pump Room, the Grand Lux, or Spiaggia, and taste the foods that motivate so many tourists to come to Chicago in the first place.
But life on the Magnificent Mile isn't all about shopping and fine dining. You're located a short walk away from 's many art galleries, and s outstanding public parks. You can go for a job along the lakefront, or relax with some friends at the marina. If location is everything in real estate, then everyone knows that Mag Mile has it all.
We will work hard to understand your selling goals, and we'll use our thorough knowledge of the Chicago real estate market to get you the best possible price. If you know your home is valuable and you want to make the most of your investment, you owe it to yourself to get the expert assistance of Magellan Realty.Contact Us