Ken Griffin’s Near North Side Condo Listed For $12M

Chicago’s priciest home may shed a floor, if its owner Ken Griffin can find a deal.

The billionaire hedge fund manager and Citadel CEO has listed his 7,500-square-foot space on the 36th floor of the condo building at 9 West Walton Street for $12 million, the Chicago Tribune reported.

Griffin purchased four floors in the building, from the 35th through 38th floors, in a package of deals that totaled more than $58 million in 2017. Records show that he paid just over $12 million within that package for the 36th floor. Griffin listed the 35th floor unit for $14 million in August, but he recently took it off the market. It’s unclear if, or when, he will list the full-floor units on the 37th and 38th floors.

Griffin has sold or listed a number of condos throughout the Near North Side area since deciding last June to move the Citadel headquarters and his family to Miami.

In January he sold the 66th-floor condo at the Park Tower on Michigan Avenue for $11.2 million, which marked a 25 percent loss, as he bought it for $15 million in 2012. In the same building, he’s listed the 67th-floor unit for $15.75 million, which is currently the third-highest asking price for any Chicago residence.

In October, he sold the five-bedroom, 7,400-square-foot unit on the 37th floor of the Waldorf Astoria building for $10.2 million. That’s 11 percent less than the $13.3 million he paid for the space in 2014.

Back at 9 West Walton, though, Griffin never ended up finishing the raw space across the four floors he bought or moving into the home, which is still considered the priciest Chicago residential real estate purchase ever.

Susan Miner of Premier Relocation is representing Griffin’s listing of the 36th floor at 9 West Walton. Miner has been an agent on past deals involving Griffin, including the recent Park Tower deal.

— Quinn Donoghue