Midwest city's real estate market is in crisis as billionaire sells off homes and crime soars
Chicago's luxury real estate market has been in spiraling decline since 2021 and a billionaire is the latest to sell his home for a dramatic loss amid soaring crime. A trend of decline across the Midwest city has hit luxury condos the hardest, as wealthy billionaires like Citadel CEO Ken Griffin sold a portion of his penthouse at a 44 per cent loss of $15 million last month. The hedge-fund manager had paid more than $34 million for the entire 37th and 38th floors of the condo tower No.
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