Billionaire Michael Krasny, founder of the CDW computer empire, on Monday sold his three-bedroom, 4,200-square-foot condominium on the 50th floor of the Park Tower building on Michigan Avenue on the Gold Coast for $2.35 million — more than $1 million less than he first asked for it last fall and fully $2 million less than he paid for it in 2017.
In the early 1980s, Krasny, 71, formed what became CDW, and he took the company public about a decade later. He exited the business in 2007 after he sold CDW to private equity firm Madison Dearborn Partners.
Through an opaque land trust that masked his identity, Krasny paid $4.35 million in 2017 for the unit. Features include 3 ½ bathrooms, two outdoor terraces, an open floor plan with views in every direction but west, a kitchen with high-end appliances and a dining peninsula, and a primary bedroom suite with custom walk-in closets. Other features include custom built-ins, walnut hardwood floors, organized storage and two garage parking spaces.
Krasny first listed the condo for $3.4 million in October, and he cut his asking price to just under $3 million in December.
Listing agent Linda Levin did not respond to a request for comment.
The condo had a $3,796-a-month homeowners association fee, along with a $62,751 property tax bill, in the 2023 tax year.
Public records do not yet identify the buyer.
Krasny continues to own a four-bedroom, 5,175-square-foot condo on the 13th floor of a Lincoln Park tower, which he bought in August 2024 for $5.1 million from former Altria CEO Michael Szymanczyk and his wife, Deborah.
Goldsborough is a freelance reporter.
Krasny, founder of technology seller CDW, first listed the condo for $3.4 million in October, and he cut his asking price to just under $3 million in December.
(Jose M. Osorio/Chicago Tribune)
Billionaire Michael Krasny, founder of the CDW computer empire, on Monday sold his three-bedroom, 4,200-square-foot condominium on the 50th floor of the Park Tower building on Michigan Avenue on the Gold Coast for $2.35 million — more than $1 million less than he first asked for it last fall and fully $2 million less than he paid for it in 2017.
In the early 1980s, Krasny, 71, formed what became CDW, and he took the company public about a decade later. He exited the business in 2007 after he sold CDW to private equity firm Madison Dearborn Partners.
Through an opaque land trust that masked his identity, Krasny paid $4.35 million in 2017 for the unit. Features include 3 ½ bathrooms, two outdoor terraces, an open floor plan with views in every direction but west, a kitchen with high-end appliances and a dining peninsula, and a primary bedroom suite with custom walk-in closets. Other features include custom built-ins, walnut hardwood floors, organized storage and two garage parking spaces.
Krasny first listed the condo for $3.4 million in October, and he cut his asking price to just under $3 million in December.
Listing agent Linda Levin did not respond to a request for comment.
The condo had a $3,796-a-month homeowners association fee, along with a $62,751 property tax bill, in the 2023 tax year.
Public records do not yet identify the buyer.
Krasny continues to own a four-bedroom, 5,175-square-foot condo on the 13th floor of a Lincoln Park tower, which he bought in August 2024 for $5.1 million from former Altria CEO Michael Szymanczyk and his wife, Deborah.
Goldsborough is a freelance reporter.
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