Lincoln Park mansion sells for $12.6 million

Lincoln Park mansion sells for $12.6 million

A mansion in Lincoln Park sold today for $12.55 million, the highest local sale price so far in 2021.

Andrew and Sandy Killion sold the six-bedroom, 8,000-square-foot villa-style mansion on Burling Street seven months after they put it on the market at $15 million. The Killions are natives of Australia who in November 2020 bought a $23 million mansion there.

When they listed the Lincoln Park mansion in May, Andrew Killion, CEO and co-founder of Chicago-based Akuna Capital, said a big part of its appeal is that unlike some large mansions in the neighborhood that appear to have been squeezed between the margins of their lots with a shoehorn, this one occupies only about half the 90-foot breadth of the lot. The home was built in 2012 on the equivalent of 3.75 standard Chicago lots.

“No matter what window you look out, you’re not looking at neighbors,” Killion said at the time. “You’re looking at trees or garden. A suburban-sized yard is hard to find in the city.”

The Killions bought the home in August 2018 for $11.9 million. It was the fifth-highest home price of that year, behind three that sold for $12 million and one at $12.1 million.

The Killions could not be reached for comment. Their agent, Debra Dobbs of @properties, said they told her “they will miss the house, Chicago and the Bulls dearly.”

The buyers are not yet identified in public records. Their agent, Tim Sheahan of Compass, declined to comment.

In March, a mansion one block east, on Orchard Street, sold for $12.5 million . At the time, that was the highest price anyone has paid for a single house in the Chicago area since 2015.

There have been two residential buys at markedly higher prices in recent years.

Billionaire private equity investor Justin Ishbia bought three Winnetka parcels last year for a total of about $23.9 million, to assemble a 3.3-acre site for a new home. Ken Griffin, head of the Citadel financial empire, bought the top four floors of a condo building on the Gold Coast for more than $58 million in 2017.

The Killions’ sale brings to 95 the tally of Chicago-area homes that have sold for $4 million or more so far in 2021. The market surpassed the old record, 74 sales, in November.

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