875 N Michigan Ave

This Property At A Glance

Condo Building

This is a Condo Building.

Wealthy Area

The median income in this area is $104,732, which is higher than typical for Chicago.

875 N Michigan Ave is a 100-floor Condo Building in CHICAGO. The building was built in 1969, has 1 bedroom, and has 1,006 square feet of living space.

As for the demographics around 875 N Michigan Ave, the median age is 52, 47% of residents are married, and 4% of residents have at least one child. The median individual full-time income is about $104,732 and about 39% of adults here have a bachelor's degree or higher.

Regarding weather, the average summer temperature is 76.5°F, while the average winter temperature is 26.0°F. The average annual rainfall is 38.0 inches and the average annual snowfall is 37.1 inches.

Building

Building Type
Condo
Bedroom Count
1
Floor Count
100
Build Year
1969
Building SQFT
1,006

Financial

Value Estimate*

$462,500
$277,500
$647,500
*Value Estimate range is for typical homes in this area. Click here to speak with a neighborhood specialist who can provide you with a free, custom valuation of this property.

Cost of living

National Average

Overall costs

71% higher than the national average

Housing costs

74% higher than the national average

Food & Beverage costs

63% higher than the national average

Transportation costs

60% higher than the national average

Apparel costs

73% higher than the national average

Entertainment costs

73% higher than the national average

Utility costs

58% higher than the national average

Healthcare costs

59% higher than the national average

Insurance costs

93% higher than the national average

Tobacco costs

38% higher than the national average

Income

The median household income in this area is
$94,571
Per year
The median full-time individual income in this area is
$104,732
Per year

Rent vs. Own

The percent of households occupied by renters is
53%
The percent of households occupied by owners is
46%

Tax Information

The sales tax rate in this area is
8.0%
The average annual property tax in this area is
$4,649

Transportation

Commute Stats

The common time to leave for work in this neighborhood is
8:00 AM to 8:29 AM
The most common way to commute in this neighborhood is
Walked
The percent of households with at least one car in this area is
56%

Your Commute Times

Demographics

Census at a Glance

The median age is
52
Years Old

Upgrade to see detailed census data

Is the neighborhood around this building filled with the post-college party crowd, overrun with young parents and strollers, or more senior-friendly? Is it a wealthier area, an up-and-coming neighborhood, or a bit on the grittier side?

The most common education level in this area is
Bachelor's Degree
Households with children are
4%
of all households in this area
The percent of people in this area who are married is
47%

Weather & Natural Disasters

Weather

The average temperature in this area during the winter is
26°F
The average temperature in this area during the summer is
76°F
The average rainfall in this area is
38
inches annually
The average snow in this area is
37
inches annually

Natural Disasters

Risk of storms
in this area is
mild
Risk of earthquakes
in this area is
low
Risk of hurricanes
in this area is
low
Risk of tornadoes
in this area is
high
Risk of hailstorms
in this area is
high
Risk of windstorms
in this area is
high