Oprah Takes Big Loss On Chicago Condo: Loses 51% on 2006 Purchase

The Chicago Tribune reports:

Media giant and former talk-show host Oprah Winfrey's Chicago-area real estate portfolio is a bit lighter these days.

On Tuesday, Winfrey finally unloaded her eight-room, 4,607-square-foot Streeterville co-op unit for $2.75 million, closing the chapter on an unusual real estate odyssey. Winfrey, who ended her long-running, Chicago-based talk show in May 2011 in favor of overseeing the launch of her own network, actually had never occupied the three-bedroom unit, which is in the building at 199 E. Lake Shore Drive. She paid $5.6 million in 2006 for the sixth-floor unit

No word yet from the urban boosters on this amazing real estate story. Maybe Oprah should have Austrian economics before making that purchase.