Elite Street Chicago luxury real estate

Former Chicago Bull Jimmy Butler takes loss on River North mansion

Chicago Tribune

Former Chicago Bulls guard-forward Jimmy Butler on Friday took a loss on his six-bedroom, 10,000-square-foot mansion in River North, selling it for $4.2 million.

Now with the Minnesota Timberwolves, Butler in 2015 paid $4.3 million through a land trust for the mansion, which had been built in 2008. Butler’s sale price was close to $800,000 less than the $4.95 million he first had sought when he listed the mansion in July. He reduced its asking price to $4.6 million in August.

“It was a smooth sale. Jimmy was a pleasure to deal with and it went smooth,” Butler’s listing agent, Colin Hebson of Dreamtown Realty, said late Friday.

The mansion has 5½ baths, three fireplaces, an elevator, electric shades, a custom staircase, a 750-bottle wine cellar, a landscaped roof deck, a home theater, a workout room, two other outdoor spaces and an attached three-car garage. It also has a top-floor game room and custom cabinets.

Despite the sale, Butler, 28, is not cutting all real estate ties to Chicago. Hebson confirmed that Butler remains under contract to buy two condominium units in the nearby Ronsley building. Hebson said those two units will close in the next few weeks.

Bob Goldsborough is a freelance reporter.

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