A nine-bedroom residence located at 1500 North Lake Shore Drive in Chicago has been sold for $4.5 million. The property, previously owned by the Wrigley family, was listed for nearly eight years and underwent price cuts totaling $9 million. The Gold Coast residence was initially listed for $13.5 million in 2016 by the sellers, David and Catherine Hamilton. The transaction was facilitated by Millie Rosenbloom from Baird & Warner.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $4,500,000
• Square Footage: 10,000
• Price per Square Foot: $450
• Address: 1500 North Lake Shore Drive, Chicago
• Market: Chicago

The sellers, David and Catherine Hamilton, enlisted the services of Millie Rosenbloom from Baird & Warner as their listing agent. The property, which features lavish amenities and nine bedrooms, finally found a buyer after being on the market for nearly eight years and undergoing significant price reductions. Despite the initial list price of $13.5 million, the residence ultimately sold for $4.5 million.