Is Oprah downsizing?  Looks like it to me.  In this economy we all have to be careful and I am sure she is putting a lot of her fortune into saving OWN.


It has been reported that the media mogul has put her Chicago apartment up for sale at $2.8million, which is half the price she paid for it six year ago.


The television  star purchased the luxurious co-op, in the city’s upscale Streeterville neighbourhood, for $5.6million in 2006, and first attempted to sell for $6million in 2008, though it failed to attract a buyer.


Get more scoop and look at some MUST SEE photos of her beautiful Chicago home  below.

Now, demonstrating just how much the local property market is suffering, she has been forced to reduce the asking price by $2.8million.

However drastic the discount, the apartment, listed with Prudential Rubloff Properties, certainly lives up to its six-figure price tag.

One of 13 units in a 1913 Beaux Arts-style building designed by architect Benjamin Marshall, it has eight rooms with 10ft ceilings over 4,607sq ft.

It boasts its own library, a formal dining room, a butler’s pantry, a wine room and even a solarium.

In addition to a vast 1,241sq ft master bedroom with an equally large en-suite bathroom, there are two guest bedrooms.

But potential buyers impressed by the celebrity cachet might be disappointed to learn that Ms Winfrey never lived in the apartment.

It is believed that she felt this property was too overlooked and had concerns about privacy.

I can’t blame Oprah for not wanting strangers lurking around.  But how would she know if she never lived there???


Tagged with:

Filed under: Celebrity PhotosHollywood News