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Michael Jordan

Re-Re-Re-Lists Chicago Mansion

... For $16 Mil

1/2/2014 4:31 PM PST BY TMZ STAFF
breaking news

1202_michael_jordan_auction_estate_wwwconciergeauctionscom
If at first you don't succeed ... try, try again ... and again ... and again -- just like Michael Jordan is desperately doing with his Chicago mansion that no one on earth wants to buy.

Jordan has re-listed the 7 acre estate for $16 million ... after it failed to sell at a recent auction, where the minimum bid was $13 million (yeah, we don't get the strategy either).

Of course, MJ initially tried to sell the house back in 2012 for $29 mil ... but slashed the price to $21 mil when no one bit ... then reduced it to $13 mil for the auction ... then called off the auction when no one placed a bid.

Michael Jordan -- he sucks at real estate.

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15 COMMENTS

No Avatar

1.

James R. - Los Angeles    

"I'd buy that for a dollar!"

204 days ago
2.

static    

He needs to sell his NBA team to someone who knows how the hell to run one.

204 days ago
3.

Pammy     

If it were in Florida or California he could sell it for triple.

204 days ago
4.

mezuyaf    

He shouldn't be allowed to have money.

204 days ago
5.

Nicole    

It's not that the house isn't nice, it's just sooo boring! I mean the kitchen and master bedroom are what draws most people especially women , and I was yawning looking at those pictures.

204 days ago
6.

Jordan    

The House is Out Dated it needs Major Renovations to update the look. The house will never sell above 10 million, as it stands now only a very wealthy Michael Jordan fan who loves Chicago will buy, but not at 16 million.

204 days ago
7.

Really    

Where's my piggy bank ?

204 days ago
8.

Traderguy    

Lol!! Wait until interest rates really start to rise, he'll be lucky to get out above 5mm.. Real estate is in another bubble.. Anyone in the know already knows!

204 days ago
9.

Idiotsallofya    

He needs the cash for child support

204 days ago
10.

elena    

Needs money for his new Mexican baby

204 days ago
11.

NBlindsey    

Those hideous glass blocks predate his last championship by a good decade!

203 days ago

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