Wicker Park mansion listed for $6.5M

A fully renovated Wicker Park mansion is listed for $6.5 million, which is more than double the most expensive home sale ever in the neighborhood.

The Victorian-style mansion, built in 1886, hit the market this week and is the western-most home in the city with an asking price north of $6 million, according to Crain’s.

The previous record for most expensive home sold in Wicker Park was the 2014 sale of a former orphanage-turned-home for $3.1 million.

The mansion at 1407 North Hoyne Avenue was bought by Timothy and Robin Sheehan in 2007 for $2.47 million after years of operating as multiple apartments. Timothy Sheehan is managing director of Becken Petty O’Keefe, a Chicago private-equity firm that specializes in health care, according to Crain’s.

The Sheehans then embarked on a total renovation of the building, including the restoration of historical features like interior archways and unique glass windows. But the home also has a number of modern flourishes, including velvet wallpaper and a coffee bar, according to its listing

The home is on a sprawling corner lot with multiple gardens and a large lawn.

Emily Sachs Wong of @properties is the listing agent.

The Chicago area has seen a surge in luxury home sales this year, though the majority of them are condos.

An unfinished penthouse at the Ritz Carol Residents on Michigan Avenue sold for $8 million in June the seventh Chicago-area deal this year to reach that number. JDL Development’s 9 West Walton condo building had most of the recent pricey sales, led by billionaire Ken Griffin’s record-shattering $59 million purchase of a four-floor penthouse in the tower.

Still, Chicago lags behind other major cities in $1 million-plus home sales, standing 18th of 50 American cities, according to a recent report. [Crain’s] — Joe Ward