Chicago rent barometer: $11,500 on the Mag Mile

Is it vital that you live within spitting distance of Bloomies? Rubloff Residential Properties can help, if you’re prepared to pay. The boutique brokerage lists a three-bedroom condo at 950 N Michigan Ave, just up the street from the renowned retailer, for $11,500 a month. The unit has three bedrooms, 5,000 square feet of space and the usual luxuries as well as a den and a “great room” with a party kitchen. Sure, the rent might sound high at first, but really, it’s only $127 per night per bedroom. If you think of it as a hotel, the rent doesn’t seem nearly as bad, though if Bloomies is the priority, it’s probably cheaper to take taxis to the store and practise spitting greater distances.

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