Multi-family homes for sale in Magnificent Mile, IL

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Magnificent Mile, IL Real Estate Market Overview

In April 2025 in Magnificent Mile, IL there were 10.5% more homes for sale than in March 2025. The median list price of listings available in April 2025 was $590,000, while the average time on the real estate market was 63 days. While more than 0 listings in Magnificent Mile, IL in April 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 10 were sold below.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Magnificent Mile, IL

Magnificent Mile is located in Chicago, Illinois. There are roughly 2,790 residents, living in 1,734 households. The average temperature for Magnificent Mile this time of the year is low of 49F and high of 68F. On average, Magnificent Mile gets about 3.55 inches of precipitation in May. 50% residents are home owners, have a post secondary degree (68%) and are single, no kids (74%).

Data provided by Home Junction

Housing market reports in Cook County

Homes for sale near Magnificent Mile, IL

Top real estate cities in Illinois

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1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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