Rocker Billy Corgan has sold one of his two Chicago-area properties, a vintage, 3,700-square-foot condominium unit on the Gold Coast for $2.5 million, records show.
The Smashing Pumpkins lead singer and chief songwriter had spent more than four years trying to sell his in-town condo, which he bought in 2002 for $2.95 million. His main residence is a mansion on Lake Michigan in Highland Park that he bought in 2003 for $6.8 million.
The renovated, full-floor Gold Coast condo unit most recently had been listed for $2.85 million. He first listed it for $5.5 million in September 2008. He subsequently reduced his asking price to $4.35 million, $3.875 million and $3.55 million before dropping it to $2.85 million in June 2011.