Mike Ditka Selling Streeterville Condo For $600K

Legendary former Chicago Bears player and coach Mike Ditka, who led the team to its lone Super Bowl victory in 1986, is selling his Streeterville condo.

A number of buyers of undisclosed identities are lined up to pay just shy of $600,000 for Ditka’s high-rise unit in the Olympia Centre building at 161 East Chicago Avenue, Crain’s reported. Emily Sachs Wong of @properties is the listing agent.

The sale price is down from the $700,000 that Ditka and his wife, Diana , paid for the condo in 2000.

The Ditkas now live in a 4,200-square-foot home in Florida, according to Wong. The couple previously owned a house in Bannockburn before selling it for $1.45 million in 1997, when Ditka began his tenure as head coach for the New Orleans Saints, the outlet said.

The two-bedroom condo, first listed on Oct. 13, spans 1,900 square feet on the 39th floor of the Olympia Centre, which comprises offices on the lower floors and residences on the upper floors. The unit is adorned with hardwood floors and granite counters. It also has access to the building’s 64th-floor rooftop deck.

Overall, it’s been a sluggish year for Chicago’s condo market, prompting a number of deconversions, as investors these days are much more keen on the city’s apartment market. Such conversions require an 85 percent approval rate from condo owners in order for an entire complex to change hands. A few deconversion deals this year include Becovic Residential’s $32 million purchase of the 154-unit Granville Tower and Lakeview Realty Partners’ $18.3 million acquisition of the 309-unit building at 200 North Dearborn Street.

While it’s been a down year for high-end condo sales, there have been some eye-popping transactions. In January, Ken Griffin sold his Park Tower condo for $11.2 million, which stood as the priciest Chicago-area home sale of 2023 until buyers paid $12.5 million for a Winnetka mansion this summer.

A West Loop record was shattered in April, when a 15th floor condo in the Embry tower traded for $7 million.

—Quinn Donoghue