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The listing describes the 7.39 acre property as "The Ultimate March Madness Retreat," where guests can "watch every buzzer-beater, Cinderella story, and championship moment unfold in your private ...

Chicago-based estate has now put the property on the rental market for a staggering $230,000 ($A361,573) a month.

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The man who bought Michael Jordan's $9.5 million Chicago-based estate has now put the property on the rental market for a staggering $230,000 a month.

Michael Jordan's former mansion is now available to rent on a short-term lease, with a month-long stay at $230,000.