Posted by Bannockburn, IL – Chance The Rapper is building up his property portfolio with the purchase of a mansion worth $2.3 million, according to The Chicago Tribune.
The Chicago-born rapper and his wife, Kirsten, reportedly bought the five-bedroom, 9,251-square-foot home in September, which is located in Bannockburn, Illinois. Up until then, the couple had been renting a five-bedroom, 6,721-square-foot place in the same area, just a couple blocks south of their new home.
Situated on 3.71 acres, Chance The Rapper’s new property was built in 1996 and includes six half bathrooms, six fireplaces, a pool, four-car garage, a home office with a studio, recreation room, a bar, exercise room and a home movie theater.
The previous owners bought the mansion for $2.6 million in 2004; after listing the house for $3.29 million in 2012, the price was cut multiple times and was also listed to rent for $10,500 a month.
Chance the Rapper and his wife, Kirsten, have laid down some deeper roots in north suburban Bannockburn, paying $2.3 million for a five-bedroom, 9,251-square-foot mansion. https://t.co/h4TzMxJxSp
— Chicago Tribune (@chicagotribune) October 25, 2021
The home is located around a 10-minute drive away from Michael Jordan’s Highland Park estate, which he originally put on the market in 2012 for $29 million. Unsuccessful in selling the property, the NBA legend has since cut the asking price to $14.9 million. Travis Scott filmed his music video for “Franchise” featuring Young Thug and M.I.A. at the mansion in 2020.
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The Real Deal reports Chicago Bulls forward DeMar DeRozan bought a nearby $4.5 million property from Michael Jordan’s ex-wife, Juanita Vanoy, in October. Three years ago, former Bulls player Jimmy Butler sold a six-bedroom, 10,000 square foot home on the same block for $4.2 million.
This isn’t the first time Chance The Rapper has invested in real estate. In 2018, he previously paid $3.7 million for a three-bedroom, 4,500-square-foot property in Chicago’s Streeterville neighborhood.