Michael Jordan Finally Finds Buyer for His Chicago Mansion

The former NBA star had been trying to sell the property for years.

Michael Jordan has finally found a buyer for his Chicago mansion. The former NBA star had been trying to sell the property for years, but he was finally able to find a buyer willing to pay his asking price of $14.9 million.

The mansion is located in the exclusive Highland Park neighborhood of Chicago. It is a 56,000-square-foot property that includes 9 bedrooms, 15 bathrooms, a home theater, a gym, and a wine cellar.

Jordan bought the mansion in 1991 for $2.5 million. He lived in the home with his wife and children for several years, but he eventually moved out in 1993.

The mansion has been on the market for several years.

Jordan first listed the mansion for sale in 2012 for $29 million. He lowered the price several times over the years, but he was never able to find a buyer willing to pay his asking price.

In 2020, Jordan relisted the mansion for $14.9 million. He finally found a buyer in September 2021.

The buyer is a Chinese billionaire who purchased the mansion through a shell company. The buyer's identity has not been released.

Jordan's sale of the mansion is a sign that the Chicago luxury real estate market is recovering from the COVID-19 pandemic. In recent months, there has been an increase in demand for luxury homes in Chicago.