Peng Zhao, the chief executive of Citadel Securities, has listed his Chicago condo for $6.6 million. The condo overlooks Millennium Park.
Crain's Chicago Business reported Zhao's listing. Zhao became chief executive of Citadel Securities in 2017 — a role that followed a long run inside the company. According to Citadel Securities, Zhao joined the firm straight out of graduate school in 2006 as a senior quantitative researcher before rising to the top job. The firm's leadership page also notes that Zhao earned his PhD in statistics from the University of California, Berkeley.
Where the Asking Price Fits in Chicago's Luxury Market
Zhao's $6.6 million ask lands him in the upper tier of a Chicago luxury-condo market that Chicago Star Media described as carrying strong momentum through 2026. That characterization tracked with a run of high-dollar deals logged earlier in the year: a duplex at One Magnificent Mile closed for $5.1 million on April 30, according to The Real Deal, after being listed for just under $6 million the previous September and then cut to $5.5 million before going under contract in March. The Real Deal reported that sale followed a St. Regis Chicago unit that sold for $5.4 million and a Palmolive Building condo, owned by David Herro, that brought in $5.5 million — both also in March.
The One Magnificent Mile duplex, which spans the 46th and 47th floors, has six bedrooms and 11 bathrooms, per the same report. A separate sale chronicled by Chicago Star Media put a 70th-floor penthouse at One Chicago Tower — a 6,085-square-foot unit with four bedrooms, five bathrooms, and 360-degree views — at nearly $8 million, which the outlet called the city's highest-priced home sale of the year.
A Recent St. Regis Condo Sale
Hoodline previously reported that a high-floor condo in the St. Regis tower sold for just $5.1 million after once being under contract for $10 million.
Other recent Chicago listings illustrate the range of what buyers can find well below Zhao's price point. A three-bedroom condo with north-facing views at 363 E. Wacker Drive, Unit 1506, in the Lakeshore East neighborhood, was recently featured at $2.2 million, according to the Chicago Tribune. Whether Zhao's own condo will sell at, above, or below its listed $6.6 million price remains to be seen.
