A Lake Shore Drive penthouse once owned by Chicago Bulls legend Michael Jordan quietly sold in May for just under $7 million.
A legal entity led by Mike Jones paid $6.82 million for the 40-story apartment complex at 1100 North Lake Shore Boulevard, with three units totaling 8,000 square feet, the No. Three high home sales prices. report.
Julie Busby is one of two Compass brokers representing the seller, Jennifer McNeil Dhadwal and Amit Dhadwal . Amit is an executive at PayPal and Jennifer is an executive at infrastructure consulting firm AECOM.
The sale demonstrates that demand for high-end homes remains strong citywide, despite lower foot traffic across the downtown area compared to pre-pandemic levels. All six of the most expensive homes in the Chicago area this year were in the city, as were eight of the top 10.
The only transaction above 1100 North Lakeshore was Ken Griffin’s five-bedroom, 8,000-square-foot Park Tower condominium unit, which sold in January for $11.2 million, It was followed by the $10.6 million purchase of the Lincoln Park mansion in May. .
Michael Jordan bought the Lake Shore Drive condo during the Bulls’ championship run in the 1990s, and his ex-wife, Juanita Vanoy Jordan, eventually bought it for $3.2 million in 2014. sell. After their 2006 divorce, Michael kept their Highland Park mansion, while Juanita kept the apartment, the media said.
The 12-room apartment is spread over the building’s top two floors, as well as a 1,000-square-foot roof deck. Property amenities include fitness center, club room, catering kitchen and sun deck with BBQ area.
— Quinn Donoghue