Patrick Kane Sells Trump Tower Condo at Loss
The former Blackhawks forward sold his Chicago condo for $2.11 million, about $990,000 below his 2016 purchase price.
Updated on Nov. 7, 2026 in Residential
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Patrick Kane sold a three-bedroom Trump Tower Chicago condo on March 27, 2025, for $2.11 million. He had paid $3.1 million for the 69th-floor unit in 2016, a loss of $990,000.
Why it matters
The sale reflects softness in Chicago's downtown condo market, where the city's condo price index stood at 192.0 in March 2025 compared with 131.5 in January 2016. Kane's second condo sale suggests similar pricing pressure in the Gold Coast.
Kane's Trump Tower sale was $2.11 million, a 32% decline from his $3.1 million 2016 purchase. Chicago's median sale price was $400,000 in June 2025, up 5.8% from a year earlier.
The players
Patrick Kane
Former NHL forward who won the Stanley Cup with the Chicago Blackhawks and is known for his career in professional hockey.
Crain's Chicago Business
Chicago-based business news publication that reported the Trump Tower condo sale.
The Real Deal
New York-based real estate news publication that reported the off-market 9 West Walton sale.
The details
Kane also sold a 9 West Walton Gold Coast condo for $6.4 million off-market in June 2025, about 1% below the $6.46 million he paid in 2019. Combined, his two condos sold for roughly $8.5 million, about $1.05 million below their combined purchase prices.
Timeline
2016: Kane purchased the Trump Tower Chicago condo for $3.1 million.
April 2019: Kane purchased the 9 West Walton condo for $6.46 million.
March 27, 2025: The Trump Tower condo sold for $2.11 million.
June 2025: The 9 West Walton condo sold off-market for $6.4 million.
Market Landscape
Chicago's condo price index climbed from 131.5 in January 2016 to 192.0 in March 2025, according to the FRED series set at 100 in January 2000. Kane's losses on both condos stand out against that longer upward trend, pointing to uneven performance within the downtown and Gold Coast segments.
Condo owners who bought at peak pricing may face sale proceeds below their original purchase amounts, which affects equity and selling decisions. Buyers in the Chicago downtown and Gold Coast markets may find more negotiating room given the recent price softness.
The takeaway
Market softness can produce sale prices below purchase prices even when a city's broader condo index rises over several years. Owners weighing a sale should compare recent comparable sales rather than their original purchase price.
Further reading
Explore more Chicago residential real estate coverage to see how condo values are shifting across the city.
Source note: This article includes information reported by The Times of India.
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