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Michael Jordan house for auction

Brokers state the most costly houses sold in Chicago within the last 5 years were both around $12 million—making the $16 million price tag search large.

One other concern may be the Jordan advanced. Yes, there might be some basketball-loving billionaires and millionaires in Chicago whom covet getting Jordan's previous house—along aided by the regulation-size NBA court that Michael along with his contacts accustomed exercise on.

(Read more: Ferrari-inspired wise bracelet: $189, 000)

But unlike Miami, Beverly Hills, Calif., alongside star-crazed areas, Chicago is certainly not an industry that pays much of reduced for celebrity domiciles.

"we are a conventional, Midwest neighborhood so folks aren't super-impressed with star ownership, " said Jennifer Ames, a respected agent in Chicago with Coldwell Banker. "And most individuals don't need a basketball judge in their home."

(find out more: Which residence will actually sell for $100 million in 2014?)

Jordan, who relocated down final springtime, today life primarily in Florida and North Carolina.

There's also the problem of taste. The ingredient is huge, with more than 56, 000 square feet of living space. It offers nine rooms, 19 restrooms and a "gentleman's escape" with exclusive doorways through the Playboy mansion.

Source: www.cnbc.com
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