Chicago Bulls center and forward Jalen Smith paid $1.95 million in August for a three-bedroom, 2,573-square-foot condominium on the 45th floor of a Near North Side tower.
Smith, 24, played for the Indiana Pacers for three seasons before signing a three-year, $27 million contract with the Bulls in July.
In another illustration of the weakness of Chicago’s high-end condo market, the seller who sold the 45th floor unit to Smith had paid $2.9 million in 2022 to buy it from the building’s developer . That means Smith paid nearly $1 million less for the unit than its seller did just over two years earlier.
Unit features three bathrooms, custom Lutron motorized shades, motorized curtains, 11 foot ceilings in kitchen and living room, wide European oak wood floors, custom built-in office space, designer kitchen custom-made with an island and appliances. by Sub-Zero, Wolf and Cove, and a master bedroom with an en-suite bathroom featuring floor-to-ceiling porcelain tiles, custom vanities with lighted mirrors and Kallista fixtures, and an oversized shower with a carrier bench. wrongly.
The condo comes with two parking spaces. The building has covered parking with dedicated valet parking.
The condo was first listed for sale in March for $2.35 million. The seller reduced the asking price to $2.25 million in June and then to $1.95 million in July.
The unit has a homeowners association fee of $1,970 per month.
Paul Gorney of eXp Realty, who represented both the seller and buyer, could not be reached for comment.
Goldsborough is a freelance journalist.
