Chicago Bulls forward Patrick Williams paid $5.7 million in July for a four-bedroom, 7,500-square-foot, two-level condominium in a building on the Gold Coast.
The 6-foot-7 Williams, 23, grew up in Charlotte, North Carolina, and was drafted by the Bulls in 2020 after playing one season for Florida State University. He is in the midst of a five-year contract that pays him $18 million a year.
Through an opaque land trust, Williams bought the unit, which has almost 1,000 square feet of private outdoor space. However, other public records show that Williams was the buyer.
Features include five bathrooms, a main foyer with a fireplace, a wood-paneled library with built-in shelving, a kitchen with a brick-barreled ceiling, a long gallery, a second-floor den, a 1,000-square-foot gym and a primary bedroom suite with a sitting room, separate dressing rooms and two private bathrooms.
The condo first had been listed in 2018 for $7.9 million. Its list price then was cut in 2020 for $6.9 million, and was reduced further to nearly $6.8 million in 2021, to nearly $6.3 million in 2022 and just below $6 million in 2023. The asking price then actually was increased to nearly $6.4 million in June.
Paul Gorney of eXp Realty, who represented Williams, could not be reached for comment. The seller was Jim Gordon, the founding and managing partner of the Edgewater Growth Capital Partners private equity firm and the former president of Gordon Foods.
The condo had a $104,956 property tax bill in the 2023 tax year. It also has a $10,686-a-month homeowners association fee.
Williams previously had been renting an apartment on the top floor of a 25-story River North tower.
Bob Goldsborough is a freelance reporter.
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