Luxury hotel with pool and spa 5 minutes from water tower close to michigan avenue located in the gold coast neighborhood waldorf astoria chicago is a 5 minute walk north of the chicago cta train stop oak street beach is a 5 minute walk northeast and the water tower place mall and magnificent mile shopping on michigan avenue are 5 minutes walk southeast art institute 5 minutes if you drive 7 minutes south youll see a monet on display at the art institute of chicago home to many impress