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Half-floor condo in the original Playboy Mansion takes another major price cut

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This spacious unit in Hefner’s former bunny pad has knocked $1.5 million off its ask since 2015

Photos by Berkshire Hathaway HomeServices KoenigRubloff via Estately

Built in 1899 for a wealthy Chicago doctor, the ornate structure at 1340 N. State Parkway in Chicago’s Gold Coast became infamous as the domain of Hugh Hefner and his iconic bunnies as the original Playboy Mansion in the 1960s and 1970s. Divided into luxury condos in 1993, the landmarked building is one of Chicago’s most prestigious places to live. With that being said, however, pricey units in the building aren’t necessarily super quick to sell.

Take for example this roomy 4,300-square-foot unit occupying half of the building’s third floor. The property was listed for $5,750,000 in 2015 before it returned in July of 2016 seeking a lower price of $5,150,000. After being yanked from the market at the end of last year, the home is back, now seeking “just” $4,200,000. The most recent change represents a price reduction just shy of one million bucks.

The condo was last purchased for $3,275,000 in 2008 by Marlene Iglitzen, the widow of the late Chicago film critic Gene Siskel. It was subsequently restored and features 23 large windows, four bedrooms, a formal dining room, eat-in kitchen, home office, and two garage parking spaces.