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Home Business • Finance

Former Chicago Bulls general manager sells Buffalo Grove home

by Edinburg Post Report
August 21, 2023
in Business • Finance
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Former Chicago Bulls general manager Gar Forman and his wife, Leslie, on Aug. 15 sold their five-bedroom, 4,011-square-foot house in Buffalo Grove for $740,000.

Forman, 63, started with the Bulls as a scout and worked his way up through the team’s leadership ranks until he became the Bulls’ general manager in 2009. He led the Bulls to the playoffs in seven of his 10 seasons as general manager, but he was ousted from the team in April 2020 during a season that was suspended for a time by the COVID-19 pandemic and also was marked by poor performance.

Forman, who also owns a home in the Las Vegas area, most recently has been a special adviser to the New Orleans Pelicans.

In Buffalo Grove, the Formans paid $536,000 in 2003 to buy the house from former Bulls guard Fred Hoiberg and his wife, Carol. Years later, in 2015, Hoiberg was hired as the Bulls’ head coach, and Hoiberg worked under Forman until Hoiberg was fired three and a half years later.

Built in 1997, the house has four bathrooms, two fireplaces, walls of windows, a family room with a fireplace, a first-floor sunroom, a first-floor office, a primary bedroom suite with a fireplace and a walk-in closet, and a kitchen with an island, new stainless steel appliances, custom window treatments and sliding doors leading to the deck.

In a manner of speaking, Forman brought his work home with him to the Buffalo Grove house, as listing photos show a miniature Bulls basketball court on the floor of the family room.

The Formans first listed the house May 2 for $785,000 and cut their asking price on May 15 to $775,000. The house went under contract June 28.

“Everything went smoothly and the Formans were amazing to work with,” listing agent Nadine “Deenie” Pomilia of RE/MAX Suburban told Elite Street. “They received exactly what we were expecting.”

The buyers’ identities are not yet available in public records.

The Formans’ former home had a $22,084 property tax bill in the 2022 tax year.

Goldsborough is a freelance reporter.

Join our Chicago Dream Homes Facebook group for more luxury listings and real estate news.

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