Michael Jordan has officially parted ways with his Chicago mansion ... and the new owner got it for a bargain -- $9.5 million!!
The 56,000-square-foot property has been on and off the market since 2012 ... and was initially priced at $29,000,000 before it dropped to $14.8 million in 2015.
As we previously reported, a buyer was found earlier this year ... however, the deal was "contingent" on several unknown factors.
Ultimately, a deal was made to secure the digs for even less dough this week .