Michael Jordan is a businessman, but he’s primarily renowned as a Basketball player. He’s aged 60 and has a 3 billion USD net worth according to Forbes.
Michael Jordan is a resident of Chicago. He has a 56,000-square-foot mansion in Highland Park, Illinois that started construction in the year 1991, it took nearly four years to be completely built.
As per the reports of INSIDER, the mansion has been on the market for 10 years. Apparently, Michael Jordan has sweetened the pot by reducing half the price and throwing in a set of Air Jordans along with the purchase of the property.
Unfortunately for Michael, the property remains unsold, and every year, he has to pay more than $100,000 in annual property taxes.
The location of the house is the obstacle, but when you have a deeper look, you will find a bunch of aspects that may be hindering the sale of this mansion.
Right off the bat, you will see the number 23 on the gates of the mansion, which was the jersey number of Michael Jordan.
The value of the mansion dropped many times. Nevertheless today it’s at $14.9 million, which makes about $265 a square foot, which is quite different from the original value which was about $517 a square foot.
Keep on reading to learn more about Michael Jordan’s house which has been on the market since 2012.
Why won’t anybody buy Michael Jordan’s house?
First of all, the mansion in the name of Michael Jordan was built from scratch to his tastes. There’s every bell and whistle you can think of, from a tennis court, full-court basketball court, and pool table to a swimming pool and a pond stocked with fish.
The mansion is extremely impressive. However, no one seemed to buy it even though the prices have dropped immensely.
The major reason for it being on the market for 10 years is the location no one wants to live in this area.
The mansion is fantastic; it occupies a large area and is just as spectacular from the inside as it is from the outside.
The architectural and interior aspects of the mansion include huge windows with luxurious and elegant furnishings.
There’re a bunch of sitting areas, a dining room that comprises a “Baghdad Table”, nine bedrooms, 19 bathrooms, a cigar room, a full gym, a wine cellar, and so much more.
Despite how fantastic this house is, the former basketball player is having a hard time selling it. He also tried to auction this great mansion in 2013. Unfortunately, even then he had no luck.
How much is Jordan’s house worth?
The famous Michael Jordon’s unsellable mansion in Chicago covers 56,000 square feet. It’s one of the largest properties in Chicago.
The mansion is built from scratch to the personal tastes of Michael Jordan. The property not only has a full-court basketball court, swimming pool, pond, tennis court, nine bedrooms, 19 bathrooms, several sitting areas, a gym, a wine cellar, a cigar room and so much more.
You must be thinking that this property must be worth billions; well, be ready to be shocked. Everything including the huge basketball court, cigar room, gym, bedrooms, and everything that comes in the vicinity of Micheal Jordan’s property is valued at 14.9 million.
Even though the mansion has everything in it, it has been on the market since 2012 and every year Michael has to pay $100,000 in property taxes.
The property remains unsold despite Michael Jordan’s many creative attempts; he even tried to market the mansion to wealthy basketball fans in China.
How big is Michael Jordan’s Chicago House?
Michael Jordan’s Chicago house is one of the biggest properties that he owns. However, he is doing everything to take this house off his hands as it’s costing him millions in property taxes.
The property is 56,000-square-foot, and it’s loaded with luxury, you name it and it will have it. The mansion is extremely huge, it does not only have a full-court basketball court but a cigar room.
The mansion was built to the personal tastes of Michael Jordan. He got every luxury built. Even the outside of the mansion is spectacular, and there’s also a tennis court.
Furthermore, the infinity swimming pool lies in the centre of the patio, and there’s also a huge pond that is stocked with fish.
There are a couple of seating areas and a separate guest waiting area. It seems like Jordan wanted to go all out in a house where he didn’t intend to live.
Can you visit Michael Jordan’s house in Chicago?
Yes, you have the opportunity to visit the huge mansion of Michael Jordan. However, it won’t be as simple. You need to go through a process, as it’s not generally open to the public.
Nevertheless, you may get the chance to see the mansion that has been on the market for 10 years, and I have a hunch that it’s going to be there for a little longer.
Here’s a table with a list of the most expensive houses in the world:
|USD 4.9 billion
|USD 2 billion
|USD 300 million
|Villefranche-sur-Mer, French Riviera
|USD 750 million
Check out this video if you want to see the inside of Michael Jordan’s Chicago House:
Who has the largest house in the world?
The 2.15 million square feet palace belongs to the Sultan of Brunei, Hassanal Bolkiah. The palace goes by the name Istana Nurul Iman, in English, it means The Light of Faith.
Is Chicago a good place to live?
Chicago can be a great place to live. It provides a diverse range of neighborhoods that will offer different cultural attractions and job opportunities.
Moreover, Chicago comes with a rich history, a vibrant arts scene, and a divine sense of community.
However, you may encounter some challenges living in Chicago, which include high living costs and cold weather.
Thus, whether Chicago is a good place to live or not, it all comes down to personal preferences lifestyle, and priorities.
A few more reasons why people may not want to live in Chicago is that the crime rates in certain neighborhoods can be of concern.
- Michael Jordan’s house has been on the market for a while now. According to Spruces, the location of the house is what is hindering its sale.
- Michael Jordan has reduced the price of his house several times and even threw in a pair of Jordans with the sale of the mansion.
- The mansion sits on 56,000 square feet and is worth 14.9 million dollars.
- The mansion has everything that you could ever imagine as it was built to the personal tastes of Michael Jordan.
- The property consists of a swimming pool, a tennis court, a full-court basketball court, a wine cellar, a cigar room, a gym, 9 bedrooms, 19 bathrooms, a dining room, and a couple of seating areas.