Friday, August 5, 2011
Ouch: Tyson Chandler takes big housing hit
By Jeff Caplan
Dallas Mavericks free agent Tyson Chandler might be looking to recoup some cash whenever the NBA lockout is lifted and players and teams can begin negotiations.
According to a report in today's Chicago Tribune, the world champion center and former Chicago Bull, recently took a bath selling his Chicago-area, 20-room, brick-and-limestone mansion.
Here's an excerpt from the article:
The 7-foot-1 Chandler, 28, took one of the biggest housing losses of any area celebrity in recent years, selling his mansion for slightly more than half of what he paid for it in mid-2006. As the Red Eye newspaper reported in September 2006, Chandler paid $4 million for the mansion — just weeks before he was traded to the New Orleans Hornets after five seasons with the Bulls. Chandler first listed the three-story mansion in 2007 for $4.99 million, and over the years reduced his asking price many times. Its final asking price was $2.895 million.
In other Chicago real estate news involving, in this case, a former Dallas athlete, the same article reports that a 14-room house in Chicago's Lakeview's neighborhood that Blackhawks goaltender Marty Turco, a longtime Dallas Star, is renting has been listed for $2.4 million and also is up for rent for $10,000 a month. Turco, 35, has rented the Southport Corridor mansion for almost a year. He joined the Blackhawks last August and is a free agent. His lease ends at the end of August.