Media giant Oprah Winfrey's Chicago-area real estate portfolio is a bit lighter these days.
On Tuesday, Winfrey finally unloaded her eight-room, 4,607-square-foot Streeterville co-op unit for $2.75 million, closing the chapter on an unusual real estate odyssey. Winfrey, who ended her long-running Chicago-based talk show in May 2011 in favor of overseeing the launch of her own network, actually had never 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 talk-show queen had 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.
"It was a very pleasant transaction," listing agent Colette Connelly of Rubloff said via email.
The unit that Winfrey sold 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.
Flying away
A former United Continental executive is selling his North Shore mansion.
The airline company's former chief financial officer, Zane Rowe, who left the airline in April to become a vice president of sales at Apple, has a contract to sell his 16-room Georgian-style mansion in Kenilworth, which is listed for $3.795 million.
Through a trust, Rowe paid $3.635 million for the three-story mansion in early 2011. Built in 1924, the six-bedroom mansion has 7 1/2 baths, grand rooms, a gourmet kitchen, a lower level with a wine cellar, a three-car garage and a coach house, all on a half-acre lot. The mansion went under contract July 12.
On Tuesday, Winfrey finally unloaded her eight-room, 4,607-square-foot Streeterville co-op unit for $2.75 million, closing the chapter on an unusual real estate odyssey. Winfrey, who ended her long-running Chicago-based talk show in May 2011 in favor of overseeing the launch of her own network, actually had never 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 talk-show queen had 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.
"It was a very pleasant transaction," listing agent Colette Connelly of Rubloff said via email.
The unit that Winfrey sold 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.
Flying away
A former United Continental executive is selling his North Shore mansion.
The airline company's former chief financial officer, Zane Rowe, who left the airline in April to become a vice president of sales at Apple, has a contract to sell his 16-room Georgian-style mansion in Kenilworth, which is listed for $3.795 million.
Through a trust, Rowe paid $3.635 million for the three-story mansion in early 2011. Built in 1924, the six-bedroom mansion has 7 1/2 baths, grand rooms, a gourmet kitchen, a lower level with a wine cellar, a three-car garage and a coach house, all on a half-acre lot. The mansion went under contract July 12.
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