Former Chicago Bull great, Michael Jordan’s super-sized Chicago mansion has been on the market since February 2012 with no hope of potential buyers.
The mansion originally hit the market for a whopping $29 million. However, when the 56,000-square-foot Highland Park compound square-foot compound failed to sale, Jordan agreed to reduce the price by $8 million in January 2013. Unfortunately for “His Airness”, the reduced price didn’t make a difference and the mansion still sits unoccupied with no potential buyer. Jordan has made it clear that he no longer has a need for the home.
“My kids are grown now and I don’t need a large house in Chicago,” Jordan said when he first put the home up for sale. “It was time for some warmer weather down at my new home in Florida.” Jordan has since purchased two new mansions, one in Florida and the another in North Carolina.
The former Jordan family home is scheduled for Nov. 22 and will be conducted by Concierge Auctions in cooperation with listing agent Katherine Chez Malkin of Baird & Warner. Interested parties will be required to submit a $250,000 deposit in order to bid but no minimum reserve for the estate is required.
The home includes nine bedrooms, 15 bathrooms, four half baths and five fireplaces and a 15 car garage. Some luxuries of the home include indoor and outdoor tennis court, putting green, deep water pond, a full service gym/workout area, and of course, his infamous, indoor full sized basketball court.
Check out pics of Jordan’s former Illinois colossal mansion here.
