Home of former U.S. Rep. Rostenkowski could be turned into luxury apartments

Rostenkowski served in Congress for decades before landing in jail on wire fraud charges

Rormer U.S. Rep. Rostenkowsk and the property
Rormer U.S. Rep. Rostenkowsk and the property

Real estate investors can own a piece of local political history, as the lifelong Noble Square home of former U.S. Rep. Dan Rostenkowski will soon be for sale.

The late Rostenkowski’s family is putting three connected buildings in the Near West Side neighborhood on the market next month at a price of $4.5 million, according to Crain’s. Rostenkowski’s family has owned and lived in the buildings for 100 years.

The three buildings at Evergreen Avenue and Noble Street combine for 18,000 square feet and will be marketed as the potential site of new luxury apartments, according to Crain’s. As many as 20 apartments could fit in the complex, and a nearby vacant lot — also part of the sale — could be used for parking.

Sign Up for the undefined Newsletter

Roman Serra and Julia Stoner of Spaces Invest have the listing.

Rostenkowski grew up in an apartment above the first-floor bar and insurance agency his parents ran out of the building, Crain’s reported. He later raised his own children in the building.

Rostenkowski was elected to Congress in 1958 and served until 1994, when he became ensnared in a scandal involving his personal use of federal funds. He lost his seat in 1994 and two years later was convicted of mail fraud, ultimately spending 1 year and 5 months in prison. He was later pardoned by President Bill Clinton.

Luxury rentals have come to dominate the new-apartment market. Despite massive amounts of new rentals, Chicago’s demand for apartment units has not yet waned, reports suggest. [Crain’s]Joe Ward