Jamie Dimon, the famed chief executive of JPMorgan Chase, is not only known for his work in the financial sector but his lavish way of living. His former mansion, located in Chicago’s famed Gold Coast neighborhood, has been the very definition of luxury and historical importance.
| Specification | Details |
|---|---|
| Location | Gold Coast area, Chicago |
| Address | Not publicly disclosed |
| Year Built | 1870 |
| Size | 15,000 sq-ft |
| Number of Bedrooms | 8 |
| Number of Bathrooms | 9 full bathrooms |
| Features | Exercise room, two kitchens, 900-sq-ft rooftop terrace, two-car garage |
| Original Purchase Price | Approximately $4.7 million (2000) |
| Original Listing Price | $13.5 million (2007) |
| Final Sale Price | $6.5 million |
Who is Jamie Dimon?
Early Career and Rise to Prominence
Jamie Dimon started his storied career in finance at American Express, under Sandy Weill. His abilities as a leader, and his talent, were recognized almost immediately, and he provided a key role in many of Weill’s businesses. Over the years, Dimon rose through the ranks, until he became the CEO of Bank One, which served as a significant milestone in his career.
JPMorgan Chase bought Bank One in 2004, and Dimon soon became the CEO. JPMorgan Chase has grown into one of the largest and most profitable banks in the world under his leadership. Dimon is perhaps best known for guiding the bank through the financial crisis in 2008 — an achievement that cemented his household name status in the industry.
Connection to Chicago
Though a global figure, Dimon’s roots in Chicago run deep. He spent some considerable time in the city, given his position as the chief executive of Bank One, whose headquarters were located there. That connection with Chicago is represented by his decision to buy a landmark mansion in the city’s tony Gold Coast neighborhood — a property that became emblematic of his success and his taste for the glamorous.
10The Jamie Dimon House, Chicago
The Jamie Dimon house in Chicago: a case study in timeless architecture and luxurious design In one of Chicago’s finest neighborhoods, the property combines history, luxury and modern creature comforts.
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Location and Architecture
The Gold Coast neighborhood is a bastion of exclusivity, and the former mansion of Jamie Dimon lives at its center. This 15,000-square-foot property, built in 1870, features historical charm and modern flourishes.
- The Victorian-style architecture of the mansion features detailed designwork, soaring ceilings and grand-scale brickwork.
- Located on a large lot, it’s a rare combination of privacy and cylinder city eeboline city pull-ups.
- That property’s location means it’s pretty close to some of the city’s most famous sites, including the shores of Lake Michigan and the Magnificent Mile.
Luxurious Features
The Jamie Dimon house does not skimp on the luxury. The residence offers an abundance of features that balance comfort with luxury:
- Master Suite: In an appealing twist, the entire second floor has been devoted to a voluminous master suite — a giddy level of privacy and luxury.
- Wine Vault: Custom wine vault offers an ideal space for an extensive collection of fine wines.
- Fitness Center: With a private gym working out will be possible wherever you want at home
- Rooftop Terrace: The rooftop terrace offers stunning views of the Chicago skyline, making it a great space to unwind or host guests.
- Living quarters for staff: With separate staff living quarters, both residents and staff can have convenience boosted while maintaining privacy.
Along with its historical significance, these feature made it one of the most sought after properties in Gold Coast neighborhood.
A Short History of the Property
Purchase and Renovations
Jamie Dimon bought the mansion in 2000, when he founded the Bank One Corporation. Even though the property already is a historical gem, Dimon completed a major renovation to modernize the home while keeping its original charm.
| Feature | Bedford House | Chicago House |
|---|---|---|
| 144 Sarles St, Mt Kisco, NY 10549, Bedford, NY | Gold Coast area, Chicago, IL | |
| $15.43 million (2018) | $4.68 million (2000) | |
| $15.43 million | $9.5 million (as of 2010 listing) | |
| 1930 | 1870 | |
| 33 acres | Not specified | |
| 9,520 square feet | 15,000 square feet | |
| 6 | 8 | |
| 8.5 | 9 | |
| Modernist, Minimalist | Georgian | |
| Natural materials, muted colors | Ornate decor with gold and silver accents | |
| Pool, tennis court, exercise room, entertainment room, balcony; nature sanctuary; approved for a field house with squash court and yoga area (2021) | Rooftop terrace (900 sq ft), two kitchens, exercise room | |
| Exclusive area surrounded by forest; family-friendly with excellent schools nearby | Exclusive Gold Coast neighborhood with Lake Michigan views |
- The renovation included updating the property’s interior design, installing state-of-the-art amenities and restoring the property’s architectural features.
- These updates made the mansion a perfect combination of old-world grace and modern luxury, and a truly unique Chicago property.
Sale Challenges
Selling the mansion was not easy, despite its grandeur. Dimon had originally put the property on the market for $13.5 million, but the prevailing real estate market presented her with major obstacles.
- The mansion eventually sat on the market for years, the price dropping multiple times.
- Eventually, Dimon sold the property for $6.8 million, a massive discount from what he was initially asking.
- The sale illustrated the difficulty of selling high-end real estate no matter how prestigious the location, as in the Gold Coast.
Sale and Current Status
The Buyer
It was later bought by the entrepreneur Michael Polsky, the founder and C.E.O. of the energy company Invenergy. Like Dimon, Polsky knows a winner when he sees one and saw the potential in acquiring such a unique property.
Relocation and Expenses
Jamie Dimon moved after the sale, though it’s unclear where he lives now. But, executive relocation can be expensive and sometimes those costs are covered by the employer.
The mansion is now owned by someone else, but it’s still a unique piece of property in Chicago, currently cared for by its new owners.
JAMIE DIMON HOUSE AT A GLANCETable: Key Details of the Jamie Dimon House
| Feature | Details |
| Location | Gold Coast, Chicago |
| Size | 15,000 square feet |
| Built | 1870 |
| Initial Listing Price | $13.5 million |
| Sale Price | $6.8 million |
| Key Features | Master suite, wine vault, gym, rooftop terrace |
Conclusion
The Jamie Dimon house in Chicago isn’t just any mansion—it’s a manifestation of history, luxury, and of the triumph of its former owner. The mansion is a statement of grandeur and incredible design, from its prestigious position in the Gold Coast neighborhood to its impressive amenities and champion pedigree.
Although the property has new owners, its lore lives on for high-end real estate aficionados and those who follow the lives of power players like Jamie Dimon. If you’re interested in the convergence of luxury living and history, the Jamie Dimon home is a prime example of how these worlds collide.
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