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Michael Jordan’s ‘unsellable’ Chicago mansion may have finally found a buyer after 12 years. See inside.

Michael Jordan’s ‘unsellable’ Chicago mansion may have finally found a buyer after 12 years. See inside.
Michael Jordan finally has a buyer for his mansion near Chicago.

  • Michael Jordan’s mansion may have finally found a buyer after about 12 years on and off the market.
  • Jordan listed the property for $29 million in 2012. It was most recently priced at $14.9 million.
  • The 56,000-square-foot home, which has custom nods to Jordan throughout, sat abandoned for years.

Michael Jordan’s mansion in the suburbs of Chicago has sat abandoned for years.

But the house may soon be lived in once again.

The nine-bedroom home, which has been on the market on and off since 2012, is now listed as “contingent” on Realtor.com. (That designation means Jordan may have accepted an offer, but the sale depends on the prospective buyer meeting certain conditions.)

Fourteen years ago, when the legendary Chicago Bulls shooting guard listed the Highland Park, Illinois, mansion for sale, he asked $29 million. In 2015, he reduced the price to $14,855,000, but the listing had remained active.

The house is full of many nods to Jordan’s basketball career, like his number 23 on the front gate of the property, his famous Air Jordan logo on the flag sticks on his putting green, and, not surprisingly, a basketball court with that same logo in the middle.

Even after various gimmicks, like offering a complete set of Air Jordans with purchase, the house sat abandoned after Jordan left Illinois for his home state of North Carolina.

Below, we take a closer look at a house once considered basically unsellable. Most images are from footage provided by Concierge Auctions, which held an unsuccessful auction for the house in 2013. Katherine Malkin of Compass, who is listed as the current seller’s agent, didn’t immediately respond to a request for comment.

Michael Jordan’s 56,000-square-foot, 7-acre compound in Highland Park, Illinois, looks massive even from the air.
michael jordan house2
Anyone who approaches from the ground can tell right away that this estate belongs to the legendary No. 23, Michael Jordan — and that might be what’s kept it from selling for so long.
Michael Jordan House

“It’s clearly his home,” said Bruce Bowers of Bowers Realty Group, adding: “There’s a lot of work that would have to be done to make it your own.”

The price of the house has dropped several times.
michael jordan house1

It was most recently listed for $14.9 million, or about $265 a square foot — a far cry from the original price of $517 a square foot.

The exact listing price was $14,855,000, and the digits in that figure add up to 23 — the number on Jordan’s basketball jersey.

The long drive from the gate and the full-grown trees ensure that the house has privacy.
2018 10 23_9 21 46
Jordan had the house — and the surrounding property — built from scratch to his personal tastes.
2018 10 23_9 23 57
The outdoor amenities are extensive. There’s a tennis court …
michael jordan house36
… an infinity pool with a grass island in the middle …
michael jordan house16
… which lies in the center of a large patio …
michael jordan house15
… and down on the lawn, there’s a putting green.
michael jordan house41
The putting green comes complete with Jordan Brand flag sticks.
michael jordan house37
There’s also a pond stocked with fish.
michael jordan house35
While the outdoor space is sprawling and undoubtedly impressive …
michael jordan house33
… the inside is equally grand. When guests first walk in the front door, they are greeted by this view, which includes a piano in the background.
2018 10 23_9 25 03
The piano room doubles as one of many sitting rooms in the house.
2018 10 23_9 27 13
And here’s a look at another sitting area dubbed the “great room.”
michael jordan house10
Jordan’s luxurious taste even shows itself in details like doorways. The set of doors seen below are from the original Playboy Mansion in Chicago.
michael jordan house31
They lead to a game room with a pool table.
2018 10 23_9 42 09
Of course, since Michael Jordan designed the home, there is a full-size basketball court.
michael jordan house23

It’s the centerpiece of the house.

The court has the NBA legend’s name at both ends …
2018 10 23_9 32 40
… and the Jumpman logo at center court, surrounded by the names of his children — his daughter’s name is out of view.
2018 10 23_9 31 10
While guests wait for their turn on the court, they can hang out in this sitting area.
michael jordan house21
Moving along to the dining room, guests were able to eat at this “Baghdad table.”
michael jordan house9
That grid seen on the tabletop is based on the streets of Baghdad.
michael jordan house8
Elaborate eating areas are found throughout the house. Here, a beautiful skylight is positioned over the kitchen table.
michael jordan house12
In one of the dining areas just off the kitchen, there is a large aquarium built into the wall.
2018 10 23_9 36 33
The house has nine bedrooms …
michael jordan house5
… and 19 bathrooms.
michael jordan house6
There is also a cigar room, which has a patterned ceiling.
michael jordan house29
Even the railing in the cigar room has flourishes.
michael jordan house30
The cigar room also has card tables, where we’re guessing Jordan played some high-stakes poker games.
Michael Jordan house

He is known for his love of gambling, after all.

The home also features a full gym.
michael jordan house25
Jordan’s Chicago Bulls teammates used to work out there every morning, according to an interview shared by Concierge Auctions.
michael jordan house24
Another luxurious part of Jordan’s estate is the expansive wine cellar.
michael jordan house27
The library upstairs was said to be MJ’s favorite room. It features a drop-down movie screen.
2018 10 23_9 40 03
Between the house and its patio is another TV room with a 110-inch screen.
michael jordan house18
This area used to be an indoor pool.
2018 08 13_11 23 37

Jordan renovated it after he moved in and added sliding walls to both sides that can make the space either indoor or outdoor depending on the weather and the host’s mood.

There are media rooms throughout the house. Even seemingly random nooks have TVs.
michael jordan house11
The property also boasts a three-bedroom guest house …
michael jordan house26
… which has its own family room and kitchen.
michael jordan house19
Jordan himself lived in the main house for 19 years.
2018 10 23_9 46 43
The house comes fully furnished, although some of the pieces may be a tad dated at this point.
2018 10 23_9 45 04
Despite how awesome the house seems, it’s been on the market since 2012. Jordan tried to auction the house in 2013, but the minimum bid of $13 million was never met.
Michael Jordan house
Jordan enlisted Concierge Auctions to run the 2013 auction.
2018 10 23_9 19 35
MJ’s estate has remained unsold since 2012 despite attempts to get creative, including marketing to wealthy people in basketball-crazed China.
michael jordan house28

Source: Maxim

In 2015, the agent working to sell the house at the time promised that the buyer would also receive every edition of Air Jordans in his or her size — but that didn’t work, either.
Air Jordans

Source: Maxim

Luxury real-estate agent Adam Rosenfeld told Marketwatch in 2016 that Jordan likely struggled to sell the house because of all of its personalized customizations.
michael jordan house20

Source: Marketwatch

Rosenfeld said the house also isn’t in an area where wealthy celebs often look for houses. Gail Lissner of Integra Realty Resources called homes in the Highland Park area near Chicago “much more modest” than Jordan’s property.
Michael Jordan House
Even though it is widely considered abandoned, the house was at least at points occupied by staff Jordan hired to keep it looking fresh.
michael jordan house13

Source: The Real Deal

Jordan has had to pay property taxes while the home has been on the market. The annual taxes in 2022 were $148,018, according to the Realtor.com listing.
Michael Jordan house
Jordan may have felt his celebrity status added value to the house. But, according to Stephen Shapiro of the Westside Agency, people do not pay more for a house just because somebody famous owned it.
michael jordan

Source: The Real Deal

“But you know who tends to think a property is worth more because a celebrity lived there?” Shapiro said. “The celebrity trying to sell it.”
2018 10 23_9 43 46

Source: The Real Deal

Another issue is the location. Most of the homes in this price range in this area are closer to Lake Michigan, a few miles east of Jordan’s former house. “Buyers at that level in that area tend to want to be closer to the lake,” Missy Jerfita of Berkshire Hathaway Homes Services told The Real Deal.
michael jordan house32

Source: The Real Deal

Since Jordan put his Chicago home on the market, he has purchased a lakefront house in North Carolina in a golf-course community.
Michael Jordan house
The house is in Cornelius, about a 30-minute drive from the Charlotte Hornets’ arena — Jordan bought the franchise for $275 million in 2010 and sold it for $3 billion in 2023.
Michael Jordan house

MJ purchased the house for $2.8 million after it was originally listed for $4 million, according to Fox Sports.

Jordan also reportedly bought a house on a golf course in Jupiter, Florida, for $4.8 million in 2013 and spent $7.6 million on renovations.
Michael Jordan house in Jupiter

Source: Jeff Realty

He also owns a full-floor condo in downtown Charlotte, in the same building as NFL quarterback Cam Newton. Condos there reportedly went for between $1.5 and $3.5 million.
2018 08 13_11 21 18
In 2019, Jordan listed his 10,000-square-foot home in Park City, Utah, for $7.5 million. Agents think it will likely sell faster than the Chicago compound.
Michael Jordan
MJ is estimated to be worth $3.2 billion, according to Forbes, so he could afford to wait for the right buyer to come along for his old Chicago digs. That moment may finally have arrived.
Michael Jordan

Tony Manfred contributed to this post and it has been updated.

Read the original article on Business Insider



This article was originally published by Cork Gaines,Rachel Askinasi,Jordan Pandy at All Content from Business Insider (https://www.businessinsider.com/michael-jordan-chicago-mansion-for-sale-nike-air-mj).

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