The Magnificent Mile is an upscale section of Chicago's Michigan Avenue running from the Chicago River to Oak Street in the Near North Side. It is located adjacent to downtown, one block east of Rush Street. The Magnificent Mile is the main thoroughfare between the Chicago Loop's business district and the Gold Coast. It is currently Chicago's largest shopping district and several of the tallest buildings in the United States are located in the Magnificent Mile including the John Hancock Center and Trump International Hotel and Tower. Landmarks along the Magnificent Mile include the Wrigley Building, Tribune Tower and Chicago Water Tower.

Magnificent Mile currently has 12 condos/townhomes with an average list price of $1,387,137. The average annual property tax for Magnificent Mile is $10,369.