Michael Jordan's 56,000-square-foot mansion in Chicago is still for sale 10 years after it first hit the market.
The former professional basketball player's fully furnished mansion has been on the market since 2012. The property, which features nine bedrooms and 19 bathrooms, was put up for auction in 2013 but failed to snag any buyers.
Jordan has attempted to sweeten the pot, cutting the selling price nearly in half from $29 million to $14.8 million and offering buyers a complete set of Air Jordans. Despite that, the mansion remains unsold, forcing the basketball player to pay over $100,000 in annual property taxes.
Inside Michael Jordan's Mansion
Jordan's personalized home was built in 1995 and covers a 7.39-acre lot. The custom-designed property has many quirks, including a front gate with a large 23 on it, which represents the basketball star's most famous number; a full-size indoor basketball court with "Jordan" written under each hoop; a putting green with the Jumpman logo; a back patio with a round infinity pool; a pond with fish; and a dining table inspired by the map of Baghdad, Iraq.
In addition, the property also features a custom cigar lounge complete with a walk-in humidor and leather seating, a set of doors from the Playboy Mansion, a built-in fish tank in the kitchen and living room space, an upstairs library, and a large wine cellar, as seen in a walkthrough published by Concierge Auctions.
Why Can't Michael Jordan Sell His Chicago Mansion?
Jordan could be finding it difficult to sell his Chicago mansion due to its location, which is not in an area where celebrities and other wealthy figures are looking for a property, according to Marketwatch, quoting Adam Rosenfeld of the luxury-real-estate startup Mercer Vine.
Additionally, Rosenfeld said Jordan is most likely struggling to sell the house due to the number of personalized customizations.
Gail Lissner of Integra Realty Resources echoed Rosenfeld's statement, adding that the home is located in a "much more modest" area, making it harder to find potential buyers.
"Any time you have these homes that are just kind of gross over-improvements for the area they do lead to very, very lengthy marketing times," she told the Business Insider. "It's located in an area that is much more modest."
Jordan's home is currently occupied by employees hired to keep it clean and well-maintained.
