Suburban surge: Kenilworth lakefront mansion fetches $7.5M

Chicago /
Aug.August 26, 2020 08:34 AM
Home sales continue to rise in the suburbs, with this lakefront mansion in Kenilworth having just sold for $7.5 million (Photo via <a href="https://www.redfin.com/IL/Kenilworth/143-Sheridan-Rd-60043/home/13785706" target="_blank" rel="noopener">Redfin</a>)

Home sales continue to rise in the suburbs, with this lakefront mansion in Kenilworth having just sold for $7.5 million (Photo via Redfin)

Demand continues to surge for suburban homes as buyers seek out larger properties with more land as an escape from the pandemic.

The latest example: An 8,200-square-foot lakefront mansion in Kenilworth sold for $7.5 million, making it the priciest on-the-market home sale in more than a decade, according to Crain’s. The house, with its own sandy beach right on the lake, is also the fifth in the Chicago area to sell for at least $7 million this year. At this time last year, only two had.

The Chicago suburbs saw a sharp rise in new-home purchases from April through June with 1,166 being bought — a 17 percent year-over-year increase.

Chicago was a different story: Just 69 new homes were sold over the same period, an 11.5 percent decline from last year.

For the Kenilworth mansion, at 143 Sheridan Road, sellers Craig and Elsa Donohue had listed the property for just under $9 million in April, according to the report. They dropped the price to about $7.75 million just before the sale.

The final price worked out to about $915 per square foot.

The couple bought the five-bedroom, nine-bathroom house for $3.7 million five years ago and made extensive upgrades, Crain’s reported. Built in 1953, the home sits on a half-acre of land.

Linda Rosenbloom of @properties had the listing. David Yocum of Redfin represented the buyers, who were not named. [Crain’s] — Alexi Friedman 


Related Articles

arrow_forward_ios
Penny Pritzker and North Kenmore Avenue (Credit: Google Maps)

Office of Penny Pritzker picks up Lincoln Park mansion

Office of Penny Pritzker picks up Lincoln Park mansion
An aerial of 209 Sheridan Road in Winnetka (Google Maps)

Winnetka’s luxury market roars back with second $8M-plus sale of 2020

Winnetka’s luxury market roars back with second $8M-plus sale of 2020
28 W 660 Perkins Court (Credit: @properties via Crain's)

Naperville mansion sells in biggest resi deal since 2008

Naperville mansion sells in biggest resi deal since 2008
1826 N. Cleveland Avenue and 2724 N. Bosworth Avenue (Credit: Redfin)

Single-family homes dominate Chicago’s priciest resi sales of week

Single-family homes dominate Chicago’s priciest resi sales of week
 800 North Michigan Avenue and 2263 North Janssen Avenue (Credit: Google Maps)

Chicago’s priciest residential sales inch higher last week

Chicago’s priciest residential sales inch higher last week
854 W. Webster Ave. (Credit: Redfin)

Here are the priciest resi sales in Chicago this week

Here are the priciest resi sales in Chicago this week
From left: 3938 N. Greenview Avenue and 1017 W. Washington Street (Credit: Google Maps)

Here are the priciest resi sales in Chicago last week

Here are the priciest resi sales in Chicago last week
From left: 340 E. Randolph Street and 180 E. Pearson Street (Credit: Google Maps)

Here are the priciest resi sales in Chicago this week

Here are the priciest resi sales in Chicago this week
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...