Coby White is putting down roots in Chicago a month after inking a new deal with the Bulls.
The NBA point guard purchased a home on North Cleveland Avenue in a deal set to close Monday, according to a source familiar with the transaction.
The 7,000-square-foot home has six bedrooms and seven bathrooms and was listed at $5.1 million. It’s unclear whether the property will close at, above or below its listing price.
Built in 2017, the home appears to be owned by a trust connected to Rajeev Rathi, the founder of Rathi Private Wealth Management Group within Merrill Lynch. The trust purchased the land in 2014 for $1.5 million.
Carrie McCormick, a broker with @properties Christie’s International Real Estate, is representing the listing and did not respond to a request for comment. An agency representing White, CAA Sports, did not return a request for comment.
There’s another pricey listing nearby White’s new home, on the same block of Cleveland, illustrating how desirable Lincoln Park has become since the pandemic sent property values soaring. @properties Christie’s agent Emily Sachs Wong is marketing a 6,800-square-foot Cleveland Avenue home with a six-bedroom, seven-bathroom layout for $4.9 million.
Another prominent consumer of high-end dwellings is looking to make a deal a block west on coveted Mohawk Street: the one-time home of Anne Dias, the investor, philanthropist and ex-wife of billionaire Ken Griffin, is on the market for $8.2 million.
White’s purchase comes about one month after the point guard signed a new three-year, $40 million contract with the Bulls.
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He’s been with the Bulls since the team drafted the now-23-year-old in 2019. Originally from North Carolina, he played a single season at the University of North Carolina before being selected as the seventh pick in the first round of the draft.
White isn’t the only Bulls player to purchase in the neighborhood recently. Last year, center Nikola Vucevic bought a Lincoln Park mansion, just over a year after he joined the team.
Vucevic, traded to Chicago from the Orlando Magic in early 2021, paid $4.8 million in June 2022 for the 5,345-square-foot, six-bedroom home on Deming Place.