Dmitry Balyasny, manager of a $20 billion hedge fund, is looking to sell a pair of luxury condos at the Four Seasons on Delaware Place in downtown Chicago.
Balyasny and his wife Elona have listed their four-bedroom, 4,500-square-foot unit on the 65th floor at 120 East Delaware Place for just under $4.5 million, Crain’s reported. On the same floor, they’ve lowered the price of their three-bedroom, 4,500-square-foot space to $3.5 million, down from $4.25 million when it hit the market in December 2021.
Nancy Tassone of Jameson Sotheby’s International Realty is the listing agent for both condos. They can be purchased together or separately. The Four Seasons hotel and condos span the upper floors of the Bloomingdale’s building on North Michigan Avenue.
If the units are sold together, it could rank among the priciest residential transactions in Chicago this year. In August, two Winnetka mansions traded for $12.5 million and $12.3 million, respectively, resulting in the highest-priced Chicago-area sales so far in 2023.
For about seven months, it was the downtown condo market that held the mantle, with the $11.2 million sale of Ken Griffin’s Park Tower condo standing as the priciest sale in Chicagoland.
While it’s unclear if the Balyasnys bought the condos as a pair, they have owned at least one since 1999 through an LLC based in Wyoming, where they also have a home. In 2021, Elona Balyasny said in an interview that they’d decided to live in Wyoming to raise their children away from the city while maintaining an effective work routine, frequently traveling for business.
Despite the couple’s move to Wyoming, Balyasny Asset Management remains headquartered in Chicago, with multiple global offices and investment teams. However, the hedge fund has faced challenges this year, with a return of only 2 percent through August, trailing competitors like Citadel and Millennium Management, the publication reported, citing Bloomberg.
In addition to their high-rise condos, the Balyasnys have previously owned single-family houses in Chicago, including a Lincoln Park mansion that they bought for more than $4.5 million in 2011 and sold for about half a million dollars less in 2020.
— Quinn Donoghue
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