Michael Jordan’s Chicago Mansion on the Market for 10 Years, Photos
Anyone approaching the ground can immediately tell that this estate belongs to the legendary No. 23, Michael Jordan — and that may be what’s keeping it from being sold. “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 yours.”
Zillow
Source: Business Insider
The cigar room also has several card tables where we assume Jordan played a few high-stakes poker games — after all, he’s known for his love of gambling.
Zillow
Despite how awesome the house looks, it has been on the market since 2012. Jordan tried to auction the house in 2013, but the minimum bid of $13 million was never reached.
Zillow
MJ’s estate remained unsold despite efforts to get creative, including marketing to rich people in basketball-crazy China.
Concierge Auctions
Source: Maxim
In 2015, the agent working to sell the home at the time promised the buyer would also receive every Air Jordans edition in his size — but that didn’t work out either.
Nicholas Hunt/Getty Images for the Tribeca Film Festival
Source: Maxim
Adam Rosenfeld of luxury real estate startup Mercer Vine told Marketwatch in 2016 that Jordan likely had trouble selling the home because of all the customization.
Concierge Auctions
Source: Marketwatch
Rosenfeld said the home also isn’t in an area where wealthy celebrities are looking for homes. Gail Lissner of Integra Realty Resources called the area “much more modest” than Jordan’s property suggests.
Zillow
Source: Marketwatch, Business Insider
However, there is no need to worry about the house rotting away while it remains unsold. The house is still inhabited by staff that Jordan used to keep it fresh.
Concierge Auctions
Source: The real deal
Jordan still pays a lot in property taxes. The annual bill is more than $130,000, and Zillow estimates he’s paid more than $2.5 million in property taxes since he put it on the market in 2012.
Zillow
One problem is that Jordan may feel his celebrity adds value to the home, but, according to Westside Agency’s Stephen Shapiro, people don’t pay more for a home just because someone famous owned it.
Chuck Burton/AP
Source: The real deal