Jamie Dimon Sells Chicago Mansion After Slashing Price in Half

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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.