B. J. Armstrong, the retired Chicago Bull who is now a sports agent and an analyst on ESPN, has sold a Highland Park house that he put on the market in the summer of 2008. The sale closed Monday at $1.8 million, down more than $1 million from his original asking price of $2.95 million. According to the Chicago Tribune’s Bob Goldsborough, the buyer is Julius Peppers, the new defensive end for the Chicago Bears.
By the time of the sale, the asking price for the house had dropped to $1,999,999. Armstrong bought the then-new 12-room house in 1994 for $1,599,000. His sale this week amounts to a 12.5-percent profit on that 16-year-old investment.
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