Buyer of Michael Jordan’s $9.5 Million Mansion Cuts $230K-a-Month Rental Price by $50K After Failing To Find Tenant

Buyer of Michael Jordan’s $9.5 Million Mansion Cuts $230K-a-Month Rental Price by $50K After Failing To Find Tenant

Purchaser of Michael Jordan’s $9.5 Million Chicago Mansion Faces Significant Problem Following NBA Legend’s 13-Year Sales Struggle

The new owner of Michael Jordan’s sprawling $9.5 million Chicago mansion has encountered challenges in the rental market, leading to a significant reduction in the monthly rent. Initially listed at a staggering $230,000 per month, the rent has now been decreased to $150,000 due to the lack of tenant interest. John Cooper, a seasoned businessman, acquired the iconic nine-bedroom, 19-bathroom estate last December, concluding Jordan’s lengthy 13-ye…

John Cooper Cuts The Rental Price Of Michael Jordan’s $9.5 Million Mansion To $150,000 A Month After Failing To Find Tenants

When businessman John Cooper purchased Michael Jordan’s iconic mansion for $9.5 million back in December, it was seen as quite the deal, considering the original asking price was nearly $15 million. However, Cooper’s plans to rent the property have faced some challenges, leading to significant price cuts. Initial Plans and Rental Struggles Cooper, who acquired the lavish nine-bedroom, 19-bathroom estate after a lengthy 13-year wait, hoped to ren…

Michael Jordan’s Iconic Mansion Was Being Offered for $230K a Month. You Won’t Believe What the Rate Is Now

The businessman who finally purchased Michael Jordan’s iconic Highland Park, Illinois, mansion that had been on the market for 12 years at a hefty discount is now facing his own financial challenges. John Cooper, a Nebraska native and real estate executive/partner at HAN Capital, purchased the sprawling estate for $9.5 million in December 2024. After announcing he would turn it into an exclusive and expensive short-term rental property, he has h…