Does Michael Jordan own a house in Chicago? Looking at NBA icon’s real estate investments across the world

Michael Jordan played his entire career in Chicago with the Bulls. No wonder he has set roots there, owning a 56,000-square-foot mansion in the Highland Park suburb.

However, the seven-acre compound has been on the market since March 2012, with a price of $29 million. Despite several attempts to reduce the amount and sweeten the deal, he has been unable to sell it.

Jordan started working on the house in 1991. After four years, the nine-bedroom mansion was completed. The compound has a full-sized NBA-quality basketball court, coupled with other amenities.

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Several real estate agents have attempted to explain why the Chicago Bulls legend failed to sell it. Outside the giant “23” on the gate, Bruce Bowers of Bowers Realty Group says much work needs to be done to make it yours.

“It’s clearly his home. There’s a lot of work that would have to be done to make it your own.”

Although it is unclear how much it cost the six-time NBA to erect the mansion, one could argue that he is running at a loss. As of March 2022, the estate is going for $14.9 million. MJ pays over $100,000 in property taxes every year.

Michael Jordan’s real estate investments around the world

Michael Jordan's mansion in Chicago [Photo: TMZ]So read
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Michael Jordan is yet to find a buyer for both houses listed on the market, but the Hornets owner is in no hurry. With him attaining billionaire status, he can wait for as long as it takes to find the right buyer.

All data sourced from Business Insider.

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