Price Reduced on Michael Jordan's Illinois Residence

CHICAGO, Jan. 18, 2013 /PRNewswire/ -- The asking price on basketball legend Michael Jordan's longtime personal residence has been reduced from $29 million to $21 million. The secluded 56,000-square-foot compound is presented by listing agent Katherine Malkin of Baird & Warner, who originally listed it in February 2012.

Designed to Jordan's specific needs and taste, the property offers nine bedrooms, more than 15 baths and five fireplaces. In addition to the main residence, the estate features an attached three bedroom guesthouse, an indoor/outdoor entertaining and pool area, an outdoor tennis court, a putting green, a deep water pond and three separate climate-controlled multi-car garages. The residence was constructed between 1993 and 1995 and extensively renovated in 2009.

Among the features of the estate is the attached indoor basketball complex. Completed in 2001, the recreational facility has a separate entry and nearby parking area. It features a full size regulation basketball court with specially cushioned hardwood flooring, adjustable backstops and basket, and competition-quality high intensity lighting. The court also has a one-of-a-kind sound system with speakers expressly "tuned" to provide perfect acoustics within the court space.

Requests for information about purchase of the property should be directed to listing broker Katherine Malkin of Baird & Warner at 312-981-2556 or [email protected]. All other inquiries should be directed to Alyson Sadofsky at 202-721-9507 or [email protected].

About Michael Jordan

An NBA legend, Michael Jordan was inducted into the Naismith Memorial Basketball Hall of Fame in 2009.  In his 15 seasons as a player, Jordan virtually rewrote the record book and led the Chicago Bulls to six NBA Championship titles.  In 2010, Jordan became the majority owner of the Charlotte Bobcats, the first former player to become the majority owner of an NBA franchise.  Off the court, Jordan has proven to be a successful businessman.  Since its creation, his Jordan Brand (a division of NIKE) has been an innovator of athletic shoes and apparel.  As one of the world's most popular and recognizable figures, Jordan's endorsement portfolio also includes Gatorade, Upper Deck and Hanes, among others.  Jordan also serves as the Make-A-Wish Foundation's Chief Wish Ambassador and supports many other charitable causes.  His annual Michael Jordan Celebrity Invitational golf tournament has raised over $6 million for several worthy charities since its inception.

About Baird & Warner

Established in 1855, Baird & Warner is Chicagoland's largest and most experienced independent residential real estate brokerage. For over 150 years, the Baird & Warner brand has been synonymous with innovation and integrity, and Stephen W. Baird, the firm's fifth-generation owner, has been consistently recognized among the industry's most influential leaders. With more than 1,500 sales professionals and comprehensive mortgage financing and title insurance services, the company consistently ranks among the nation's top real estate firms. In line with its legacy of customer focused innovation, BairdWarner.com has been named "Best Overall Website" among the 600 member firms of the Leading Real Estate Companies of the World's international broker network. In 2012, Baird & Warner received a Top Workplace Award from the Chicago Tribune.

SOURCE Baird & Warner

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