The Real Deal Chicago

Buy your own piece of the original
Playboy Mansion for as little as $2.5M

Hef’s former playhouse was later divided into condos, and three of the seven units are listed for sale
October 27, 2018 11:00AM

1340 North State Parkway in the Gold Coast (Credit: @properties)

The fire pole and the bunnies are long gone, but a portion of the original Playboy Mansion can be owned for as little as $2.5 million.

Hugh Hefner’s first Playboy estate was later divided into condos, and three of the seven units are listed at prices ranging from $2.5- $3.7 million, according to Chicago Magazine.

Up until the 1970s, the home at 1340 North State Parkway existed as the business and social hub of Hefner, and was the scene of a number of wild and celebrity-filled parties.

1340 North State Parkway (Credit: @properties)

Now the house contains seven upscale condos on plush grounds in the Gold Coast. The priciest unit on the market features three bedrooms, a fireplace and a private garden.

The current owner paid $2.45 million for the 4,000-square-foot unit in 2012 before overhauling the kitchen, bathrooms and formal rooms, according to Chicago Magazine. Each unit has been customized by its owner.

Hefner built the mansion in 1959 for $400,000, according to the Chicago Tribune. After convincing the city it was for personal and not professional use, he installed a swimming pool in the basement and added a steam room, bowling alley, game room and movie theater.

After moving to Los Angeles in 1971, Hefner loaned the Chicago mansion to the School of the Art Institute of Chicago, which operated the facility as dorms until 1990.

1340 North State Parkway (Credit: @properties)

The home was turned into condos by LR Development in 1993, with the units originally listed for $675,000 to $2.1 million, the Tribune reported.

A nearby Gold Coast mansion that hosted four Playboy photo spreads hit the market in September with an asking price of $4.9 million.

The Gold Coast is currently home to the area’s most expensive home listing, with the 130-year-old Thompson Mansion hitting the market this spring for $21.9 million. [Chicago Magazine]Joe Ward