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Chicago

Condo at Park Tower, where Citadel’s Griffin is selling, fetches $3.9M

800 North Michigan Avenue and Citadel's Ken Griffin (VHT Studios, Zillow, Getty)
800 North Michigan Avenue and Citadel's Ken Griffin (VHT Studios, Zillow, Getty)

A condo in the building where Citadel CEO Ken Griffin recently listed two penthouses sold for just under its asking price of $4 million.

The three-bedroom, four-bathroom condo has views of the city and Lake Michigan. The 4,200-square-foot home has been recently renovated and includes a patio and 300-bottle, temperature-controlled wine cellar.

Sharon Glickman and Randi Pellar of Baird & Warner represented the seller and Deanne Thomas with Deanne Thomas Luxury Properties worked with the buyer. It was listed in May 2021 for $5.4 million before a series of price decreases.

The unit is on the 52nd floor, 14 floors below the two units Griffin listed in late July, a month after he said he was moving Citadel to Miami. The soon-to-be former wealthiest resident of Illinois listed his two full-floor penthouse condominiums in Park Tower, Crain’s reported at the time.

The 66th- and 67th-floor units are asking $13.25 million and $15.75 million, respectively.

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Griffin, who hasn’t been living in Park Tower, owns several high-end properties in Chicago and across the country. He paid $6.9 million for the top floor of the 67-story building in 2000, and paid $15 million for the unit on the floor below about 12 years later.

The 9,250-square-foot penthouse has six bedrooms and seven bathrooms. The unit has 14-foot ceilings, three private outdoor spaces, a custom Jacuzzi on a semi-enclosed balcony and a 400-square-foot rooftop kitchen.The 66th-floor unit has four bedrooms and six bathrooms and spans 8,000 square feet. In 2020, the tax bills for the units were $160,733 and $166,047, respectively.

The building on 800 N Michigan Ave. is home to several high priced listings and sales. In 2015, filmmaker George Lucas and his wife, Mellody Hobson, paid $18.75 million for a penthouse on the 65th floor, just below Griffin’s units.

Before Griffin put his home on the market, the building was home to the third-priciest listing in the city. A full-floor condo on the 63rd floor of the 70-story building is asking $13.5 million, Crain’s reported. A unit at One Bennett Park in Streeterville is asking $15.2 million and another, at No. 9 Walton on the Gold Coast, is asking $15 million.

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Housing MarketLuxury Real EstatePark TowerStreeterville