Just a quick update on the trials and tribulations of Vince Vaughn trying to divest himself of his Chicago bachelor pad in the Palmolive Building. I've written about this before and it's been going on now since 2011. My last post on the subject was when they were finally successful in getting his penthouse condo under contract after lowering the price and splitting it into two pieces: Vince Vaughn Splits Palmolive Condo And Sells Pieces Within A Week. Dennis Rodkin of Crain's cleverly referred to this as The Breakup.
On Wednesday they closed on the top 2 floors which had 3 bedrooms, 5 1/2 baths, and totaled 7880 sq ft. It had been listed at $8.5 MM and finally closed at an even $8 MM. The bottom 4292 sq ft space with 3 bedrooms, and 3 1/2 baths was listed at $4.2 MM and is still pending. Back in 2011 he was trying to get $24.7 MM for the whole shebang so this is quite the disappointment I'm sure.
I can now determine that the bottom floor is under contract with a different buyer's agent than the top two floors - and I already knew this was not a dual agent situation.
Vinny's sale is just another example of a real spike in activity for properties above $5 MM in Chicago - or at least it's part of a spike in listings above $5 MM. I'm going to have to take a closer look at this in an upcoming blog post.
#VinceVaughn #FamousHomes #RichAndFamous #ChicagoExpensiveHomes
Gary Lucido is the President of Lucid Realty, the Chicago area's full service discount real estate brokerage. If you want to keep up to date on the Chicago real estate market, get an insider's view of the seamy underbelly of the real estate industry, or you just think he's the next Kurt Vonnegut you can Subscribe to Getting Real by Email using the form below. Please be sure to verify your email address when you receive the verification notice.