Oprah Winfrey Unloads Chicago Home for $2.75M

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  • On Tuesday, Oprah Winfrey at last sold her eight-room, 4,607-square-foot Streeterville co-op unit in Chicago for $2.75 million, closing the chapter on an unusual real estate odyssey, notes the Chicago Tribune.

    Winfrey never actually occupied the three-bedroom unit, which is in the building at 199 E. Lake Shore Drive. She paid $5.6 million in 2006 for the sixth-floor space but had a change of heart after buying it, and she decided to remain in her massive duplex condominium in a different building a few blocks away.

    The TV titan listed the unit from June 2008 until January 2009 for $6 million with no takers. She then placed it up for rent late last year for $15,000 a month.

    Winfrey, who now spends much of her time in Southern California and Hawaii, re-listed the unit in May for $2.8 million, and it almost immediately went under contract. Her duplex condo in Streeterville remains off the market.

    The buyer of the co-op unit has not yet been identified. The unit is one of 13 apartments in a Beaux Arts-style building that was built in 1913 and designed by architect Benjamin Marshall. It has three full baths, two half-baths, 10-foot ceilings, two fireplaces, an inner foyer, a library, a solarium, a formal dining room, a butler’s pantry, a wine room, a custom eat-in kitchen, a 1,241-square-foot master bedroom with his and hers bathrooms and an en suite guest bedroom.

    Winfrey owns several other pieces of residential real estate in the Chicago area, including a house in Elmwood Park that she purchased in 2001 for $298,000 and a house in Merrillville, Ind. Her primary residence is her estate in Montecito, Calif., which she purchased in 2001 for a reported $50 million.

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