Michael Jordan's Chicago mansion sells for $9.5 million after being on the market for 12 years. The sprawling Highland Park estate that sits on seven acres of property has been on the market on and off since 2012.

Michael Jordan's iconic 32,683 square-foot mansion in Highland Park, Illinois, sold Thursday for $9.5 million. The sale was completed nearly 11 years to the day it hit the market -- Dec. 17, 2013 -- for an original asking price of $29 million. The closing deal marks a 67% price cut.

Michael Jordan's sprawling estate in the Chicago suburbs, which has many custom-designed nods to the basketball star, has sat abandoned for years.

Basketball icon Michael Jordan has finally sold his sprawling Chicago-area mansion, settling for a significant price cut.

Michael Jordan's house in a northern Chicago suburb has finally sold more than a decade after it was first listed -- only it sold at a much lower price.

Former Chicago Bulls superstar Michael Jordan's 32,683-square-foot home in Highland Park has finally sold for $9.5 million after the estate originally went up for sale in 2012 with an asking price of $29 million,

NBA legend Michael Jordan hits another payday after selling his old Chicago estate for $9.5 million following a 12-year run on the market.

After nearly 13 years on the market, Chicago Bulls basketball star and NBA Hall of Famer Michael Jordan finally sold his mansion in Highland Park for $9.5 million. According to the Chicago Tribune, the sale on the 56,

Chicago Bulls legend Michael Jordan’s mansion in Highland Park, Illinois, finally sells after 12 years at a fraction of its original price of $9.5 million.