Jamie Dimon Sells Chicago Mansion After Slashing Price in Half

It took three years and at least four price offerings, but JPMorgan Chase chairman and CEO Jamie Dimon has finally sold his four-story mansion on Chicago's Gold Coast, and for under $6.95 million -- less than half of its original list price.

The price on the 13,500-square-foot property, which first went on the market at $13.5 million in April 2007, was slashed to $10.5 million in 2009, then $9.5 million when a new agent came on board, reports AOL's Luxist. Its last price cut was to $6.95 million in late August.

The buyer is reported to be Michael Polsky, founder of closely held Invenergy LLC, a developer of large-scale energy generation facilities. According to Crain's Chicago Business, he will soon move into the Marvin Herman-renovated home.