This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Coolest Homes on America's Poshest Streets

BOSTON ( MainStreet) -- New York's Central Park West, Chicago's Michigan Avenue and other famously upscale U.S. addresses offer people who buy homes there a special cache recognizable around the globe.

"If you're talking to a business associate in South America and you tell them you live on Michigan Avenue, that automatically means something," Chicago real estate broker Phil Skowron says. "It's one of the most prestigious brand names in the entire country -- if not the entire world."

Skowron sells lots of condos on Michigan Avenue, known as the "Magnificent Mile" because it hosts many of Chicago's fanciest residences, shops and restaurants. The famous street not only offers a posh name and great location, but also hosts some of the Windy City's most beautiful condo complexes -- and most powerful people, he says.

"You've got it all here -- good location, beautiful architecture, great views and a virtual who's who of Chicago movers and shakers, " Skowron says. "It's the best of the best in real estate."

Of course, all of those positives don't come cheap.

Posh addresses typically command higher prices than similar properties just a few blocks away do.

For instance, Skowron says Michigan Avenue condos typically cost $1,000 per square foot -- 10% to 20% more than you'd pay if you bought something four or five blocks away.

But the broker thinks the extra price is worth it.

"You'll get you that initial premium back when you sell," Skowron says. "Michigan Avenue is the place where everyone in Chicago wants to live -- and it always will be."

Here's a look at some properties for sale on some of America's most famous upscale streets:
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
H $47.88 0.00%
TWX $75.14 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs