Michael Jordan’s Former Mansion Now Available for Co-Ownership

HIGHLAND PARK, Ill. (WLS) — Shares of Chicago Bulls legend Michael Jordan‘s former Highland Park mansion are now being sold by the new owner, real estate executive John Cooper. The estate, renamed “Champions Point,” is being offered for co-ownership with bids starting at $1 million. Investors will also be responsible for covering 2% of the property’s annual expenses, estimated at $25,000 per owner.

Cooper, a partner at Lincolnwood-based HAN Capital, purchased the 56,000-square-foot property at 2700 Point Lane for $9.5 million in December 2024. The mansion, originally listed by Jordan in 2012 for $29 million, features a full-size basketball court, putting green, cigar room, workout room, nine bedrooms, and 15.5 bathrooms. Despite its luxurious amenities, the property faced challenges in selling due to its secluded location and institutional 1990s design.

“The land is sort of land-locked behind some other houses, railroad tracks, and a nature preserve,” said Chicago Tribune real estate columnist Bob Goldsborough. “So, the land isn’t easily developable.”

Cooper’s co-ownership plan allows investors exclusive access to the property for a designated week each year, with the ability to invite up to 20 guests. Additional stays or events would require additional fees. Co-owners must also sign a non-disclosure agreement and are barred from using photos or videos of the property for commercial purposes.

The mansion, built in 1995, has been a popular tourist destination in Highland Park, with visitors often stopping to take pictures of the iconic front gate featuring Jordan’s jersey number, 23. It remains unclear whether Cooper will retain this feature.

Highland Park’s municipal code does not explicitly address co-ownership structures, but the city has regulations limiting short-term rentals. Cooper’s plan, however, involves selling deeded ownership shares rather than offering short-term rentals.

Jordan initially listed the property for $29 million but gradually reduced the price over the years. In 2015, he settled on an asking price of $14.855 million, a nod to his jersey number 23. The sale to Cooper marked the end of a 12-year effort to sell the estate.

Cooper, who has lived in the Chicago area for over a decade, recalled seeing news of the mansion’s listing in 2012 and “thinking how cool it would be for the person that buys the home,” he told his hometown newspaper in Nebraska. Since purchasing the property, Cooper has hosted his birthday party and begun making repairs and upgrades.

Offers for co-ownership shares are being accepted through March 2025.