Crain’s Chicago Business: Chicago Homes Sold at 2016’s Deepest Discounts

These five homes took millions off their original asking prices.

Despite a recovering American economy, some realtors and homeowners are having a difficult time receiving the original asking price for their homes. Crain’s Chicago Business rounded up the top five homes in Chicago that had to sell at the biggest discounts.

The first belonged to Vince Vaughn—he sold his Michigan Avenue home at more than $12 million off the original asking price. The actor bought space on three floors at the Palmolive Building back in 2006, and reportedly listed the property at $24.7 million in 2011. The triplex finally sold this past summer in two different pieces, one for $8 million and the other for $4.1 million.

Another Glencoe home made the top five list, with a final price tag of $6.5 million less than the original asking price. Another home in Barrington Hills also went for $4.5 million below the initial listing price.

To read the full list, click here.

Photo by Coldwell Banker.