Here is Michael Jordan’s 56,000-square foot house in Chicago and why it is still on the market after 6 years

Michael Jordan’s enormous house in Chicago is still on the market after six years despite cutting the price nearly in half and still paying more than $100,000 each year in property taxes.

The house was originally listed for $29 million and has every bell and whistle you can think of. There’s a 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 is struggling to find a buyer. Most images are from footage provided by Concierge Auctions.

Tony Manfred contributed to this post.


The 56,000 square-foot, 7-acre compound from the air.

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Concierge Auctions

The gate to get in, fittingly.

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Zillow

The price on the house has dropped several times and is now going for $14.9 million, or about $265 per square-foot. That is a far cry from the original $517-per-square-foot price. It should also be noted that the exact price is $14,855,000 and the numbers in that price add up to 23 because of course they do.

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Concierge Auctions

The outdoor space is spectacular. There’s a tennis court.

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Concierge Auctions

An infinity pool with a grass island in the middle.

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Concierge Auctions

A putting green.

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Concierge Auctions

Complete with Jordan Brand flag sticks.

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Concierge Auctions

In 2015, the agent working to sell the house at the time promised that the buyer would also receive every edition of Air Jordans in his or her size.

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Nicholas Hunt/Getty Images for Tribeca Film Festival

Source: Maxim


There’s a pond stocked with fish.

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Concierge Auctions

The patio is enormous.

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Concierge Auctions

He has the door from the original Playboy Mansion in Chicago. Let’s go inside…

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Concierge Auctions

The full-court basketball court is the centerpiece of the house.

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Concierge Auctions

The sitting area outside the court where you wait to play.

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Concierge Auctions

Adam Rosenfeld of luxury real estate startup Mercer Vine told Marketwatch in 2016 that Jordan is likely struggling to sell the house because of all of the personalized customizations. In addition, the house is not in an area where wealthy celebs are looking for houses.

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Zillow

From Marketwatch:

But despite the appeal the home may hold for Chicago Bulls fans and other sports lovers, its sheer size and personalized features are likely what’s making it difficult to find the right buyer, some in the business say. And while it is located in one of Chicago’s higher-end suburbs, Highland Park, it’s not situated in a place where celebrities are commonly looking for homes – Beverly Hills, for example.

“Kofi is brilliant with marketing strategies,” and playing up Jordan’s celebrity is wise, said Adam Rosenfeld, founding principal of luxury real estate startup Mercer Vine, in the Los Angeles area. “But when you have such a specific property that is so customized, it’s going to be an uphill battle.”


The dining room comes with a “Baghdad table.”

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Concierge Auctions

That grid on the table is the based on the streets of Baghdad.

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Concierge Auctions

A skylight over the kitchen table.

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Concierge Auctions

There is no need to worry about the house rotting while remaining unsold. The house is still occupied by staff who are employed by Jordan to keep the house looking fresh.

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Concierge Auctions

Source: The Real Deal


Jordan is also still paying a lot in property taxes. The annual bill is more than $100,000 and he has paid nearly $700,000 in property taxes since he put it on the market 6 years ago.

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Zillow

Source: Zillow


The house has nine bedrooms.

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Concierge Auctions

And 19 bathrooms.

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Concierge Auctions

The cigar room.

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Concierge Auctions

The cigar room also has plenty of card tables where Jordan undoubtedly played some high-stakes poker games.

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Zillow

Even the railing in the cigar room is ornate.

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Concierge Auctions

There’s a full gym.

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Concierge Auctions

Jordan’s Bulls teammates used to work out here every morning.

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Concierge Auctions

One problem is that Jordan may feel his celebrity status adds value to the house, but according to one expert, people do not pay more for a house just because somebody famous owned it.

From The Real Deal:

Stephen Shapiro of the Westside Agency, a Los Angeles-based luxury brokerage, said “almost without exception” people won’t pay more for a house just because it’s owned by a celebrity.

“But you know who tends to think a property is worth more because a celebrity lived there? The celebrity trying to sell it,” Shapiro said.


The wine cellar.

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Concierge Auctions

The house remains unsold despite attempts to get creative, including marketing to wealthy people in basketball-crazed China.

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Concierge Auctions

Source: Maxim


One of the many “great rooms” around the house.

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Concierge Auctions

A piano room.

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Concierge Auctions

Even the random nooks have TVs.

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Concierge Auctions

Between the house and the patio there’s another TV room with a 110-inch TV.

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Concierge Auctions

This area used to be an indoor pool. Jordan renovated it after he moved in and added sliding walls to both sides that can make the gathering room either indoor or outdoor depending on the mood and the weather.

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Concierge Auctions

Just one section of the patio.

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Concierge Auctions

Jordan did try to auction the house in 2013, but the minimum bid of $13 million was never met.

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Zillow

There’s also a three-bedroom guest house.

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Concierge Auctions

The family room of the guest house.

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Concierge Auctions

The guest house kitchen.

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Concierge Auctions

One issue is the location. Most of the homes in this price range in this area are closer to Lake Michigan, a few miles east of this house.

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Concierge Auctions

“Buyers at that level in that area tend to want to be closer to the lake,” Missy Jerfita of Berkshire Hathaway HomesServices told The Real Deal.


Since Jordan put his Chicago home on the market, he has since purchased a lakefront house in North Carolina that is in a golf course community.

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Zillow

The house is in Cornelius, about a 30-minute drive from the Charlotte Hornets’ arena. MJ purchased the house for $2.8 million after it was originally listed for $4.0 million.

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Zillow

Source: Fox Sports


Jordan also reportedly bought a house on a golf course in Jupiter, Florida for $4.8 million in 2013 and spent $7.6 million on renovations.

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Zillow

Source: Jeff Realty


He also owns a condo in downtown Charlotte, in the same building as Cam Newton. The condos reportedly go for $1.5-3.5 million

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YouTube

Source: Charlotte Agenda


In the meantime, he continues to wait for a buyer for the Chicago-area home. Of course, MJ is estimated to be worth $1.65 billion, so he can afford to wait for the right owner to come along on his old Chicago digs.

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Isaac Brekken/Getty

Source: Forbes


Now check out the fabulous lifestyle of MJ.

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Jordan Brand via Getty Images

MICHAEL JORDAN: How the richest NBA player ever spends his $1.65 billion