CHI 12.5M Lincoln Park mansion sells quickly MAIN

Lincoln Park mansion listed for $12.5M scores buyer fast

Chicago based-brokerage @properties has led the way for another high-end sale, this time a $12.5 million Lincoln Park mansion that landed a buyer in a jif.

Listing agent Suzanne Gignilliat scored a contingent deal for the seven-bedroom, 11,000-square-foot house at 1956 N. Orchard St., which was on the market for just 22 days, reported Crain’s.

Although the exact details haven’t been confirmed, it would be just the third single-family home sale for $12 million or more over the past seven years, assuming the final price ends up at or within $500,000 of the listing price.

The property’s short life on the market indicates that wealthy buyers have their eyes peeled for high-end residential investments. Chicago had a record-high six properties sold at the $12.5 million threshold in 2022, a number that includes condominiums.

The home is owned by an Ohio-based legal entity whose beneficiary’s identity is unclear, but the tax bill is sent to a post office box in New Bremen, Ohio under the name Jennifer Prewitt. 

The Orchard Street estate, built in 2001, has a decked out interior, featuring a curvy, sculptural staircase, carved-stone fireplaces, two kitchen islands and a spacious living room on the third floor that opens onto a terrace.

The exterior includes an expansive deck, pergolas, sports areas, a large outdoor fireplace, and an additional deck above the garage, the outlet said.

In Lincoln Park, @properties has racked up several upper high-end listings this year. Most recently, Emily Sachs Wong, who’s one of the top selling brokers in Chicago, listed a triple-lot, Lincoln Park estate for $10.75 million a little more than a week ago.

That home, on North Kenmore Avenue, was first built in 1885 and spans 13,500 square feet with 10 bedrooms and 10 bathrooms. It has undergone major renovations by its current owners and the sellers, husband and wife Shea Soucie and Chris Henger.

— Quinn Donoghue

Source link

About The Author

Scroll to Top