Michael Jordan Puts Chicago-Area Estate Back in the Game

By Erika Riggs

Just two days after an auction failed to sell Michael Jordan's home, the sprawling, Chicago-area estate went back on the market. Although the auction had a minimum reserve of $13 million, the price tag on the home is now $16 million. The list price is still quite a cut from Jordan's original ask; he listed it in March 2013 for $29 million and later dropped it to $21 million.

Jordan designed the home in 1995, putting a mix of his own touches on the property, including a full, regulation-size basketball court (pictured above) with a locker room, and security gates emblazoned with the historic number 23. But Jordan is ready to move on and told the Wall Street Journal: "My kids are grown now, and I don't need a large house in Chicago."

Besides, he has large estates elsewhere. He constructed a 28,000-square-foot home in 2010 and recently bought additional lots for $4.8 million to expand the home. In 2013, Jordan married his longtime girlfriend and also purchased a coastal home in North Carolina. He is majority owner of the NBA's Charlotte Bobcats and the house is about 30 miles from the team's arena.

Jordan's Chicago home measures a whopping 56,000 square feet on 7.39 acres. The house includes 9 bedrooms and 15 bathrooms, as well as a cigar room and movie theater. Outside, the grounds have a golf course, pool and spa.

The home listing is held by Katherine Chez Malkin of Baird and Warner.

MICHAEL JORDAN'S CHICAGO-AREA ESTATE:

More articles about NBA stars' homes:
Michael Jordan Returns to Roots, Buys in North Carolina
Retired Laker Mitch Richmond Lists Ultimate Guys' Crib With Sports Bar, Basketball Court
Miami Heat's Chris Bosh Lists Pacific Palisades Home for Rent