A Chicago real estate website reports that H.Fisk Johnson sold a two-bedroom condo "in the gold coast" for a cool $1.075 million. The condo is right off North Michigan Avenue, near Loyola University and Water Tower Place.
Hmmm, maybe there's something to this "recession" after all.
Glenda Smith wrote Friday that "Johnson, the fifth generation of his family to lead S.C. Johnson & Son," sold his condo at 161 E. Chicago Ave. to First Midwest Cap. Partners LLC. Unit #51B is in the Olympia Center condominium building, which was built in 1987 and has 63 floors.
"Sales at Olympia Center were unchanged from 2006-2007. The median sales price jumped 42.9 percent during that same time period. There were 1,125 condo sales in the Gold Coast in 2008, with a median sales price of $355,000."
No word whether Fisk will have to crash on the couch at one of his siblings'...