Coby White will arrive in Chicago a month after signing a new deal with the Bulls.
The NBA point guard purchased a home on North Cleveland Avenue in a deal expected to close Monday, according to a source familiar with the matter.
The 7,000-square-foot home has six bedrooms and seven bathrooms and is listed for $5.1 million. It is unclear whether the asset will close above or below its listing price.
Built in 2017, the house appears to be owned by a trust linked to Rajeev Rathi, founder of Merrill Lynch’s Rathi Private Wealth Management group. The trust purchased the land in 2014 for $1.5 million.
Carrie McCormick, broker at @properties Christie’s International Real Estate, represents the listing and did not respond to a request for comment. The agency representing White, CAA Sports, did not respond to a request for comment.
There’s another pricey listing near White’s new home, on the same block in Cleveland, that illustrates how attractive Lincoln Park has become since the pandemic caused property values to rise. @properties Christie’s agent Emily Sachs Wong is marketing a 6,800-square-foot home on Cleveland Avenue with a six-bedroom, seven-bathroom layout for $4.9 million.
Another major consumer of luxury homes is looking to close a deal a block west of coveted Mohawk Street: the former home of Anne Dias, an investor, philanthropist and ex-wife of billionaire Ken Griffin, is on sale in the market for 8.2 USD. million.
White’s acquisition comes about a month after the point guard signed a new three-year, $40 million contract with the Bulls.
He has been with the Bulls since the team drafted the 23-year-old in 2019. A native of North Carolina, he played a single season at the University of North Carolina before being drafted as a second-round pick in the first round. draft.
White isn’t the only Bulls player shopping in the area recently. Last year, center Nikola Vucevic purchased a mansion in Lincoln Park, just over a year after joining the team.
Vucevic, traded to Chicago by the Orlando Magic in early 2021, paid $4.8 million in June 2022 for the six-bedroom, 5,345-square-foot home in Deming Place.