Magnificent Mile

A City Within Chicago
Magnificent Mile is one of Chicago's largest and most frequented neighborhoods with a wide array of restaurants, attractions, and shopping destinations to enjoy. The area is home to a massive amount of quality dining options ranging from the city's best Italian food at Spiaggia to satisfying cheeseburgers at the Billy Goat Tavern. Residents swear that there is no better way to escape the work grind than with a happy hour cocktail at the Hancock Building's 96th floor Signature Lounge, but for a more grounded experience, Streeter's Tavern is popular for its cheap beers and pool.

Residents are spoiled for choice when it comes to local attractions. Fans of contemporary art can visit The Museum of Contemporary Art or the Loyola University of Modern Art while the Broadway Playhouse and Lookingglass Theatre offer a mix of both classic and experimental plays to watch. Through the years, Magnificent Mile has gained a reputation as Chicago's premier shopping destination with a host of stores interspersed between three massive shopping malls. A unique neighborhood, Magnificent Mile effortlessly combines comfort, style, and entertainment into one cozy package.

What Magnificent Mile Residents
Think About Their Apartments
overall
8.0
value
7.7
amenities
7.6
social
7.3
management
8.0
safety
10
Median rents in Magnificent Mile
Studio
$
1,500
1 Bedroom
$
1,200
2 Bedroom
$

Living in
Magnificent Mile

Safe
Easy Commute
Proximity To Entertainment Options
Great Restaurants And Bars
Great Shopping Options
Lively Neighborhood
Magnificent Mile — 8.8/10 Rating (based on 6 neighborhood reviews)
Pros: very safe, great transportation options in the Red line and all the busses you can think of, close to all of the entertainment and social life options of River North without the price

Cons: 35-50 minute commute via the 2 to Hyde Park (but it's a great bus! Mostly U of C commuters and very reliable.)
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10
/10
Neighborhood Rating
535 North Michigan Avenue
You're closer to more of the upscale shopping and dining experiences in Chicago while being a short walk to the Magnificent Mile. The area is generally safe and busy.
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9
/10
Neighborhood Rating
111 E Chestnut Street
The building is located just off of Mag Mile, so there's a lot of people around and great restaraunts and shopping! It's perfect that it's not directly on Mag Mile, however, because you have less congestion and noise around you.
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10
/10
Neighborhood Rating
111 E Chestnut Street
I chose to live here because it's very secure and lots of police are always around. Not too much crime in the area
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7
/10
Neighborhood Rating
100 E Walton
There are a lot of famous Chicago restaurants and shopping landmarks close by. The only thing I wish there were more of would be grocery stores. There is a Whole Foods, Jewel and Trader Joes, however still 3-4 block walk for me from where I live in the Gold Coast.
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9
/10
Neighborhood Rating
111 E Chestnut Street
The neighborhood is very bougie, but that's the area around magnificent mile, streeterville, and gold coast (this is the edge of all three)
Keep reading
8
/10
Neighborhood Rating
100 E Walton
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Getting to Know
Magnificent Mile

Neighborhood Boundaries
East to West Boundary: N Rush St to N St Clair St
North to South Boundary: E Oak St to E Hubbard St
dining
Giordanos
Joes Seafood, Prime Steak & Stone Crab
RL Restaurant
The Original Ginos East of Chicago
grocery
Trader Joe's
About your Neighbors
Data from the 2013 American Community Survey
• Magnificent Mile contains the 5 digit ZIP code of 60611. 39.2% of residents are renters, and the rental vacancy rate is typically 21.2%.

• 94.7% of units are in 20+ unit buildings, with 22% having being built in the past 15 years. 2BR+ properties make up roughly 26.2% of the market, with the balance in 1BR and studios.

• Only 31.8% of Magnificent Mile residents drive to work.

The median gross rent in Magnificent Mile is $1,556. 35.2% of Magnificent Mile residents are 24-35, 2.5% are below 24, 15% are 36-50, and 42.6% are older than 50.

• Roughly 12.1% of Magnificent Mile residents are students (7.7% grad, 4.4% undergrad), and 5.2% are unemployed or retired. The median household income in Magnificent Mile is $60,750.

• Over 60% of units are heated with electricity with the remaining units heated primarily through gas (36.2%).

Best Apartments
in Magnificent Mile


Studio $1,375
1 Bed $1,550
2 Beds $3,200

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Studio $2,172
1 Bed $2,597
2 Beds $3,914

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Studio $1,450
1 Bed $1,500
2 Beds $2,325

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Studio $1,450
1 Bed $1,600
2 Beds $2,400

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Studio $1,390
1 Bed $2,100
2 Beds $2,200

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Studio $1,400
1 Bed $1,499
2 Beds $2,500

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Nearby Neighborhoods

Neighborhood Guide
The Loop
The Loop is a neighborhood which embraces it culture and architecture, which brings the area a beauty of its own
Neighborhood Guide
Gold Coast
Gold Coast is a culturally diverse neighborhood with great restaurants, bars and fashion boutiques!
Neighborhood Guide
River East
River East is a developing area with lots of eateries and popular entertainment spots.
Neighborhood Guide
Streeterville
With an interesting historical background, Streeterville is an attractive and family oriented neighborhood.