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November 19, 2011

Oprah Winfrey Renting Out Her 4,600 Sq Ft Chicago Co-Op For $15,000 A Month.

It pays to own major real estate anywhere these days but when you’re Oprah Winfrey and worth over $2 billion the money you earn from such vacant properties is merely a drop in your already over sized, over flowing bucket of wealth.

Oprah is renting out her 4,600 sq ft Chicago co-op for $15,000 a month:

Talk-show host and media giant Oprah Winfrey has placed an eight-room, 4,607-square-foot co-op unit inStreeterville up for rent for $15,000 a month.

Winfrey, who ended her long-running Chicago-basedtalk show earlier this year, spends much of her time in California and Hawaii. She paid $5.6 million for the three-bedroom co-op unit in 2006. But the talk-show queen never actually moved into the unit, choosing instead to remain in her massive duplex condominium spread in a different building a few blocks away.

Now, Winfrey has placed the co-op unit up for rent for the first time. The sixth-floor co-op is one of 13 apartments in a Beaux Arts-style building that was built in 1913 and designed by architect Benjamin Marshall. Features in the unit include three full baths, two half baths, 10-foot ceilings, two fireplaces, an inner foyer, a library, a solarium, a formal dining room, a butler’s pantry, a wine room, a custom kitchen, a 1,241-square-foot master bedroom with his and her bathrooms and an en-suite guest bedroom.

Winfrey briefly listed the unit for sale for $6 million from June 2008 until January 2009.

Listing agent Todd Vitale of Prudential Rubloff declined to comment on the listing. A spokeswoman for Winfrey declined to comment.

Winfrey owns several other pieces of residential real estate in the Chicago area, including a house in Elmwood Park that she purchased in 2001 for $298,000 and a house in Merrillville, Ind. Her primary residence is her estate in Montecito, Calif., which she purchased in 2001 for a reported $50 million.


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