The Chicago luxury condo market continues to be a hot segment of the overall real estate space, and former NFL quarterback Mark Malone recently got in on the game. He sold his two-bedroom Greektown condo in a loft building for $557,500.
Malone sold the Chicago luxury condo back on May 6 for just under the listing price of $574,900. He originally purchased the unit back in 2007 for $700,000. The corner unit offered approximately 2,200 square feet of living space with two bedrooms, two baths, and a 35-foot balcony. The unit also featured 180-degree views, soaring 14-foot ceilings, gleaming hardwood floors, and a gourmet-inspired kitchen with slab-granite countertops and gorgeous appliances. Malone’s Chicago luxury condo is located in an Adams Street building also home to Friends star David Schwimmer.
Adds listing agent Jacqueline Bohn, "The unit went really fast, selling in just five days. The downtown market is really hot."
Malone (54), who is the former WBBM-Channel 2 sports director, played quarterback for the Pittsburgh Steelers for eight seasons in the 1980’s. After ending his football playing career, Malone went into broadcasting, first working in the Pittsburgh area and then for ESPN. He had been with CBS-owned WBBM-Channel 2 since 2004 as both sports director and lead sports anchor before the station decided not to renew his contract in 2008.
Currently, Malone has two broadcasting jobs outside of the Chicago area and lives in Scottsdale, Arizona. Many speculate this is why he decided to cut his ties to the Chicago real estate market. Just last month, Malone and former NFL quarterback Donovan McNabb were hired to co-host a new afternoon talk show on NBC Sports Radio.
If you would like to learn more about the Chicago real estate and Chicago condo market, please contact me. I’m a local real estate agent who has helped countless buyers find their perfect Chicago dwelling.