The Real Deal Chicago

Trump says he made more than $8M off Chicago tower last year

The president’s ethics disclosure said the property was one of several to generate more than $5M for him in 2017
May 17, 2018 08:30AM

President Donald Trump said he made more than $8 million off his Chicago tower last year (Credit: Getty Images and Trump Hotels)

President Trump made more than $8 million last year off his Chicago tower, according to his annual financial disclosure report.

The Trump International Hotel & Tower was one of several of the president’s assets last year with income of over $5 million, according to the filing with the U.S. Office of Government Ethics reported by Crain’s.

The report attributed the income to rent and condo sales in the building.

Trump pulled in $18,498 from condo sales in 2017 at the 92-story tower, which includes 486 units. That compared to the $90,000 he disclosed in the previous report, which covered 16 months.

Three Trump entities that draw management fees at the tower pulled in about $3.3 million last year. The previous year’s form disclosed $4.2 million in income from those entities.

Among the other Trump properties noted in the report, the Mar-a-Lago resort in Palm Beach, Florida took in more than $25 million.

The report comes as the Trump organization continues to try to lease the ground floor commercial space at 401 North Wabash Avenue, an effort that includes virtually no mention of the president’s ties to the building.  [Crain’s]John O’Brien