Palmolive PenthouseA pricey Michigan Avenue penthouse could soon be split into two units. Owned by actor Vince Vaughn, the three-level, Palmolive Penthouse was reportedly recently split into two listings and both are said to be under separate contracts.

Originally a native of Lake Forest, Vaughn paid $12 million for the high-rise residence in 2006 when he came to Chicago to film a movie with Jennifer Aniston. After privately listing the home for $25 million, he made the listing public in 2012, cutting the price to $18.4 million, then eventually dropping the price several more times.

Recently, though, the actor agreed to sell the penthouse in two listings, $4.2 million for a 35th floor condo and $8.5 million for the two floors above it. Within days of this the two properties went under contract.

While the two-level home includes 7,880 square feet with three panoramic terraces, a billiards hall, a theater and three-bedrooms, the single, 35th floor unit is said to face a total renovation by its new owner.

Changed over to luxury condos in 2001, the Palmolive Building was originally constructed in 1929.

Posted by Helaine Cohen on
Email Send a link to post via Email

Leave A Comment

Please note that your email address is kept private upon posting.