Chicago · Cook County · IL
Homes for sale in
Park Tower.
- Active listings
- 5
- Median list
- $1.25M
- Avg time on market
- 92 days
- Sold · last year
- 14
Active listings
5 homes on the market
Be the first to know when a new Park Tower home hits the market
Text + email the moment a new listing matches.
About the community
Five-star hotel-condo living above the Park Hyatt on the Magnificent Mile.
Park Tower is a 67-floor luxury tower at 800 North Michigan Avenue, designed by architect Lucien Lagrange and completed around 2000. The Park Hyatt Chicago hotel occupies the lower floors, and roughly 117 private condominium residences sit above it, with direct access to the hotel's services and amenities. The residences range from two-bedroom homes to full-floor units and duplex penthouses, most with floor-to-ceiling glass and views of Lake Michigan and the skyline, in a Gold Coast location at the top of the Magnificent Mile steps from Oak Street Beach.
At a glance
67-floor Lagrange tower
Designed by architect Lucien Lagrange and completed around 2000, roughly 844 feet tall at the top of the Magnificent Mile.
Park Hyatt services
Residents can tap five-star hotel services, including 24-hour door staff and concierge, valet, and room service, from the Park Hyatt below.
Spa, pool, fitness
A health club, indoor swimming pool, spa, and an outdoor sun deck are part of the building's amenity package.
117 residences above the hotel
About 117 condominiums occupy the upper floors, from two-bedroom homes to full-floor units and duplex penthouses.
Lake and skyline views
Floor-to-ceiling glass with views of Lake Michigan, Oak Street Beach, and the downtown skyline.
Magnificent Mile
Steps from Michigan Avenue flagship shopping, Oak Street boutiques, and Gold Coast dining.
Oak Street Beach
A short walk to Oak Street Beach and the Lake Michigan lakefront trail.
Chicago Public Schools
Served by CPS, with Ogden International commonly cited nearby. Confirm the attendance boundary by address.
On-site garage and valet
An on-site garage with self-park and valet, with parking generally bought or rented separately.
What’s close
Park Tower sits on the Magnificent Mile at Michigan Avenue and Chicago Avenue, at the edge of the Gold Coast and Streeterville, steps from Oak Street Beach.
- Building amenities
- The spa, indoor pool, health club, and sun deck, plus door staff, concierge, valet, and room service from the Park Hyatt.
- Dining and shopping
- Magnificent Mile flagships, Oak Street boutiques, and NoMi dining within the building.
- The lakefront
- Oak Street Beach and the Lakefront Trail a short walk away.
- Schools
- Chicago Public Schools, with Ogden International commonly cited nearby. Confirm the attendance boundary by address.
- Transit
- CTA bus on Michigan Avenue, the Red Line at Chicago Avenue, and Lake Shore Drive and I-90/94 nearby.
- Hospital
- The Northwestern Memorial and Streeterville medical campus, including Lurie Children's, is nearby.
What it’s actually like to live here
Living at Park Tower is essentially living inside a five-star hotel that happens to be your home. Because the residences sit above the Park Hyatt Chicago, day-to-day life is defined by service: door staff greet you, valet and garage parking remove the friction of a car in the city, and the hotel's fitness center, indoor pool, spa, and NoMi dining are reachable without stepping outside. For buyers who travel often, want a lock-and-leave second home, or simply want their building to handle the logistics of urban life, few Chicago addresses match this level of turnkey, full-service living. The location amplifies it, with Oak Street Beach and the lakefront a short walk one direction and the flagship stores and restaurants of the Magnificent Mile the other.
The homes themselves reward the address. Large corner and full-floor layouts, private terraces on many units, floor-to-ceiling glass, and sweeping views of Lake Michigan and the skyline give the residences a sense of scale and light that is rare even among luxury towers. Because units were built with customization in mind and many have since been individually renovated, no two floor plans feel identical, and buyers can find everything from a refined two-bedroom home to a sprawling duplex penthouse.
The honest tradeoffs are the tradeoffs of high-rise Mag Mile living. Monthly assessments are high, as they must be to fund hotel-grade staffing and amenities, so the true monthly cost of ownership is well above the mortgage alone. The Magnificent Mile is one of the busiest, most tourist-heavy corridors in the city, so residents trade a quiet residential streetscape for energy, foot traffic, and holiday-season crowds at the door. Parking is a real cost and is typically deeded or leased separately. And this is not primarily a family building, so it suits professionals, empty-nesters, and second-home owners more than households prioritizing yards and neighborhood schools. For the right buyer, though, the combination of service, views, and an irreplaceable location is exactly the point.
The questions buyers actually ask
Park Tower FAQ
The questions I get most from buyers shopping Park Tower. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Monthly assessments in this full-service, hotel-integrated tower are high and vary significantly by unit size, so a single building-wide figure would be misleading. Assessments generally fund 24-hour door staff and concierge, building management and security, access to the shared fitness center, indoor pool, spa, and sun deck, and common-area maintenance and reserves. Parking and storage are typically separate, and Cook County property taxes are billed separately per unit. Confirm the exact assessment and what it covers for the specific residence.
- What are property taxes like?
- Roughly $8,000 – $40,000 per year, depending on home size and value. Cook County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Park Tower built?
- Lucien Lagrange (architect); developed in partnership with Hyatt built the community between 2000 and 2002. Lucien Lagrange (architect); developed in partnership with Hyatt stopped new construction in 2002, so every sale today is a resale.
- What's the typical closing timeline?
- 60 to 120 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 120.
- Is Park Tower connected to the Park Hyatt hotel, and what does that mean for owners?
- Yes. The Park Hyatt Chicago occupies the lower floors of the building, and the private condominium residences sit above it. In practice that means owners can tap five-star hotel services, including room service, concierge, housekeeping options, fitness, pool, spa, and NoMi dining, while owning their home outright as a condominium.
- How many condos are in the building, and how big are they?
- There are roughly 117 residential condominiums, distinct from the hotel rooms. They range widely, from two-bedroom homes up through large multi-bedroom residences, full-floor units, and duplex penthouses. Confirm the exact size and layout per unit with the listing.
- What do the monthly assessments cover, and how much are they?
- A specific building-wide figure is not published and varies substantially by unit size, so confirm the exact amount for any unit you are considering. Assessments in a full-service, hotel-integrated tower are high and generally fund 24-hour door staff and concierge, building management and security, access to the shared fitness, pool, spa, and sun deck amenities, common-area upkeep, and reserves. Parking and storage are usually separate.
- Is there parking, and is it included?
- The building has an on-site garage with self-park and valet options, and many residences convey with one or more deeded or assigned spaces. Parking arrangements and any monthly fees vary by unit, so verify what is included with a specific listing.
- What does it cost to buy here and how is the market?
- Park Tower is a genuine luxury building, and its MLS inventory spans a very wide range from smaller residences to large luxury homes and penthouses. Rather than a single number, check the live Market snapshot on this page for current pricing, active listings, and recent activity, which update directly from the MLS.
- Is this a good building for families with kids?
- It can work, but it skews toward professionals, empty-nesters, and second-home buyers rather than families. It is served by Chicago Public Schools, with the Ogden International attendance area commonly cited nearby, so families should confirm current school assignments by the exact address with CPS and weigh magnet, selective-enrollment, and private options nearby.
- Who is the real estate agent for Park Tower?
- Joe Keegan is the local licensed Illinois real estate broker who covers Park Tower in Chicago, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Park Tower specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Park Tower
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Chicago specialist
- Honest local market take
- Brokerocity
Market snapshot
Park Tower, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$1,250,000
Typical sale price · last 90 days
$250,000
Homes for sale right now
5
Avg time on market
92 days
Sold in the last year
14
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 1, 2025 through August 1, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
Thinking of selling?
What's your home actually worth?
Not a Zestimate. A real CMA from someone who's sold this neighborhood, knows the floor plan premiums, and can tell you which upgrades the buyer pool here actually pays for.
- Pricing range with comp-by-comp logic
- Pre-list improvements that pay back, and the ones that don't
- No obligation, no spam, no auto-dialer
Other communities