Actor Vince Vaughn on Monday went under contract to sell both parts of his triplex penthouse unit atop the Palmolive Building on North Michigan Avenue, just a week after marketing the unit in two pieces for a total of $12.7 million.
Vaughn first listed the 11,600-square-foot triplex unit for $24.7 million back in 2011 — or more than double the $12 million he paid for it in 2006. After bringing its listing price down over the past five years by more than $10 million, Vaughn still found no takers. So last week he decided to try marketing the unit in two parts, offering the 3,725-square-foot full-floor unit on the 35th floor for $4.2 million, and then separately listing the 7,880 square feet on the building's top two floors for $8.5 million.
Vaughn's flexibility and reduced expectations appear to have paid off. On Monday, Vaughn and his representatives struck deals to sell both of the units. The identity of the buyer or buyers, purchase prices and closing dates are not yet available.
However, if there are separate buyers for the two parts, an internal staircase between the 35th and 36th floors of the current triplex would need to be removed, and the entire 35th floor would need to be redone, listing agent Katherine Malkin told Elite Street last week.
It's not known if Vaughn will buy another Chicago-area home. He continues to own many Los Angeles-area properties.
Bob Goldsborough is a freelance reporter.