Office of Penny Pritzker picks up Lincoln Park mansion

Real estate scion and former Secretary of Commerce lives nearby

TRD CHICAGO /
Sep.September 03, 2020 01:36 PM
Penny Pritzker and North Kenmore Avenue (Credit: Google Maps)

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

The office of PSP Partners, where Chicago native and real estate scion Penny Pritzker is chairperson, has picked up a Lincoln Park mansion for $6.5 million.

Located on North Kenmore Avenue, the 5,800-square-foot home was purchased in May, according to Cook County records. The property was constructed in 2016 on an approximately 6,000-square-foot lot, which is double the size of the city’s standard lot, Crain’s reported.

Pritzker and her husband, Bryan Traubert, have reportedly lived on nearby Orchard Avenue since the early 2000s, when an entity owned by the Pritzker family spent $7 million to purchase several lots on which their house was built.

That home is just eight blocks from the North Kenmore address, which fetched the seventh-highest price for a Chicago-area house this year, and the fourth-highest in the city, according to Crain’s.

Penny is reportedly one of 11 billionaire heirs to the Pritzker fortune, started with the founding of the Hyatt hotel chain. She was Secretary of Commerce during the Obama administration; her brother, J.B. Pritzker, is governor of Illinois.

Crain’s reports that Pritzker and Traubert have pledged $100 million to Chicago’s South and West sides through neighborhood improvement proposals. [Crain’s]Orion Jones


Related Articles

arrow_forward_ios
Plaza on DeWitt, 260 E. Chestnut Street

Downtown condo ponders mask mandate, big penalties

Downtown condo ponders mask mandate, big penalties
Homebuyers have flocked to Bronzeville (Credit: Google Maps)

Chicago homebuyers head to Bronzeville for more space

Chicago homebuyers head to Bronzeville for more space
211 N Harbor Dr in Lakshore East (Redfin; iStock)

Supply glut may set downtown home market back a year

Supply glut may set downtown home market back a year
1441 North State Parkway and 321 West Menomonee Street (Credit: Google Maps)

The 100 club: Century-old homes top Chicago’s priciest resi sales

The 100 club: Century-old homes top Chicago’s priciest resi sales
143 Sheridan Road (Redfin)

Suburban surge: Kenilworth lakefront mansion fetches $7.5M

Suburban surge: Kenilworth lakefront mansion fetches $7.5M
Trump International Hotel & Tower and Legacy at Millennium Park (Credit: Wikipedia)

Chicago condo sales make a comeback

Chicago condo sales make a comeback
1532 W. Jackson Boulevard, and 1901 North Leavitt Street (Credit: Google Maps)

Where have all the Chicago luxury condo sales gone?

Where have all the Chicago luxury condo sales gone?
1330 W. Newport Ave. and 3826 N. Wayne Ave. (Credit: VHT Studios via Redfin)

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

Single-family homes dominate Chicago’s priciest residential sales of 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...