Chicago Bulls’ Patrick Williams Buys $5.7 Million Condo

A 23-year-old NBA player has upgraded his living space with a $5.7 million condo in one of Chicago’s priciest neighborhoods.

Chicago Bulls forward Patrick Williams paid $760 per square foot over the summer for a two-level Gold Coast condo, the Chicago Tribune reported. The address is 65 East Goethe Street. The purchase marks a major step up for Williams, who had been residing in a rental unit on the highest floor of a 25-story River North building.

The 7,500-square-foot condo was sold by Jim Gordon, managing partner of Edgewater Growth Capital Partners and former president of Gordon Foods. The sale was completed through a land trust in July, with public records later confirming Williams as the buyer.

Paul Gorney of eXp Realty represented Williams in the transaction.

The unit includes four bedrooms and five bathrooms, along with nearly 1,000 square feet of private outdoor space. The primary suite includes a sitting room, dressing areas and two bathrooms.

Other features include a foyer with a fireplace, a wood-paneled library and a brick-barreled ceiling in the kitchen. A long gallery, a second-floor den and a 1,000-square-foot gym are also part of the unit.

The condo hit the market in 2018 with an asking price of $7.9 million, or $1,053 per square foot. The price was reduced multiple times before Williams bought it. The condo had a 2023 property tax bill of $105,000. It also has a monthly homeowners association fee of over $10,000.

Chicago’s luxury condo market started the year off with two sales exceeding $5 million. The first was an 8,000-square-foot condo on Goethe Street that sold on Jan.7 for $6.1 million, or about $760 per square foot. The following day, a 4,300-square-foot unit at No. 9 Walton closed for $5.65 million, or $1,300 per square foot.

Luxury sales are building off the momentum of last year, when 106 homes sold at $4 million or more, a 45 percent increase from the year before.

— Andrew Terrell