Take a tour of Michael Jordan’s Chicago mansion that’s been on the market for 10 years and why he can’t sell it Jordan’s estate has been on the market since 2012. Michael Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house.
He pays more than $100,000 in annual property taxes.
“Any time you have these homes that are just kind of gross over-improvements for the area they do lead to very, very lengthy marketing times,” said Gail Lissner of Integra Realty Resources.
The house was originally listed for $29 million and has every bell and whistle you can think of. Some of the “over-improvements” Lissner may be referring to are the pool with a grass island in the middle of it, a door from the Playboy Mansion, a table based on the streets of Baghdad, and MJ-branded golf flags.
Below, we take a closer look at the house and why it’s struggling to find a buyer. Most images are from footage provided by Concierge Auctions .
Tony Manfred contributed to this post.
Michael Jordan’s 56,000-square-foot, 7-acre compound looks massive even from the air. Concierge Auctions 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 keeping it from selling. “It’s clearly his home,” said Bruce Bowers of Bowers Realty Group. “… There’s a lot of work that would have to be done to make it your own.”
The price on the house has dropped several times and is now going for $14.9 million, or about $265 per square foot — that’s a far cry from the original price of $517 per square foot. The exact price is $14,855,000, and the numbers in that price add up to 23 — Jordan’s basketball jersey number. The long drive from the gate and the full-grown trees ensure that the house has complete privacy. Jordan had the house — and the surrounding property — built from scratch to his personal tastes.