Insurance exec’s $12M purchase of Lincoln Park mansion marks Chicago’s fourth priciest single-family home sale

An insurance executive and his wife paid $12.55 million in December for a six-bedroom, 8,000-square-foot mansion in Lincoln Park, which is the fourth-highest recorded amount anyone ever has paid for a single-family house in Chicago.

Public records show that Terry McCann, the president of Chicago-based wholesale insurance brokerage RT Specialty, and his wife, Eileen, were the buyers of the mansion, which now twice has sold for more than $11 million in the past four years. RT Specialty is part of Chicago-based Ryan Specialty Group, which is a publicly traded specialty insurance firm that was founded by billionaire Pat Ryan.

The McCanns bought the mansion from Andrew Killion, who is the co-founder of proprietary trading firm Akin Capital, and his decorator wife, Sandy, who sold the mansion as part of a move to Australia.

Built in 2012 by homebuilder BGD&C, the mansion has seven bathrooms, two fireplaces, oversized windows, French doors, a walnut-paneled study, a butler’s pantry, a kitchen with a breakfast bar that seats five, and a primary bedroom suite with a his-and-hers walk-in closet area and a bathroom that features Calacatta marble. The mansion’s lower level has a guest suite, a recreation room, a fitness studio, a gift wrap room and an office.

Outside, the mansion has a 90-foot-wide, 0.27-acre lot, which is almost unheard-of in Lincoln Park, and has a large elevated terrace, a separate paved area and a paved basketball court.

The Killions, who bought the mansion in 2018 for $11.9 million, first listed it in May 2021 for $15 million, and never reduced their asking price.

Terry McCann did not respond to a request for comment. The agent who represented the couple in the purchase, Tim Sheahan of Compass, declined to comment.

The mansion had a $108,825.30 property tax bill in the 2020 tax year.

In Chicago history, more than a half-dozen condominium units have sold for more than the amount that the McCanns paid for their mansion, but the highest-priced single-family house sale ever recorded is now-Gov. J.B. Pritzker and his wife’s $14.5 million purchase in 2006 of their current Astor Street mansion. The next-highest-priced house sales within the city limits are Laurie Wilson’s $13.3 million purchase of a Lincoln Park mansion in late 2015, followed by John Harris’ $13 million purchase of a Gold Coast mansion in 2008.

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