Chicago Cheat Sheet: Al Capone’s South Side home for sale … & more

Also, future cloudy for D.R. Horton’s 500-home Naperville subdivision

Feb.February 11, 2019 05:00 PM

Al Capone and his former home (Credit: Wikipedia and Realtor)

Al Capone’s family home goes on the market

A South Side two-flat where notorious gangster Al Capone and his family once lived hit the market. The building, which was lost in foreclosure in 2018, sits on nearly three full standard Chicago lots at 7244 South Prairie Avenue in Park Manor. MTGLQ Investors, a distressed-property subsidiary of Goldman Sachs, is listing the building for $110,000. Capone’s wife, Mae, and mother, Teresa, signed the deed for the home in 1923, paying $5,500. [Crain’s]

D.R. Horton’s Polo Club subdivision plans in question in Naperville

A plan to build a 500-home subdivision south of Naperville faces an uncertain future after a city panel split on whether to allow the project and annex it to the city. Builder D.R. Horton’s “Polo Club” subdivision would have 50 houses, 88 homes for seniors, 269 three-story townhouses and 93 ranch-style townhouses for seniors on 110 acres. But city planners said among other issues, they had concerns the development would lead to increased traffic. [Daily Herald]

Lincoln Common apartments coming soon

Hines and McCaffery Interests opened leasing for The Apartments at Lincoln Common, with move-ins scheduled for April. The two-tower project rose on the former site of Children’s Memorial Hospital near the intersection of Lincoln Avenue, Fullerton Street and Halsted Street. The Lincoln Common development also features a number of retail, recreational, fitness and restaurant uses. [REJournals]

Dean Foods chairman’s Hinsdale mansion trades hands

A Hinsdale mansion once owned by Dean Foods chairman Howard Dean sold for $3.1 million. The five-bedroom, 8,100-square-foot Greek Revival-style mansion was sold by Dean’s widow, Diane. Dean lived in the home until his death in 2012. Dawn McKenna of Coldwell Banker had the listing. [Chicago Tribune]

Shorewood lands financing for Buffalo Grove retail project

Shorewood Development Group secured an $11.2 million loan from Associated Bank to finance the 25-acre Shops of Buffalo Grove retail development at Milwaukee Avenue and Deerfield Parkway. The development will consist of two buildings totaling 36,000 square feet when it opens later this year, and will feature tenants including Starbucks, T-Mobile, Mod Pizza, Panera Bread and Great Clips. [REJournals]

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