The historic home of the late Chicago Mercantile Exchange leader Jack Sandner is on the market for $4.5 million.
The Lake Bluff property, on five acres, includes nine bedrooms and 14 bathrooms, according to Crain’s. Jack Sandner, who served as the chairman of the exchange in the 1980s and 1990s, died in 2021. His widow, Carole, is selling the house.
It has 390 feet of Lake Michigan beach frontage as well as a ravine to the south and a tree line to the north, creating a private property, according to the listing. It also includes a helicopter pad and par-three golf hole, both of which need work, according to the listing agent, Cory Green of Compass.
The 14,000-square-foot home, built in 1930, was designed by New York-based Delano & Aldrich in collaboration with Stanley Anderson. Anderson designed many homes in the Lake Bluff and Lake Forest area.
The property is about 33 miles north of downtown and was originally 7.2 acres. The 2.5 acre parcel west of the home isn’t included in the offering and is available for an additional $1.2 million.
The couple purchased the property in 1983.
It “became a paradise for our children,” Carole Sandner said in a text message to the outlet.
The Sandners renovated the property, adding a glass-wrapped room with panoramic views of the property and the lake. Other additions include a four-car garage and an outdoor swimming pool.
Sandner grew up on the South Side of Chicago and borrowed $80,000 to purchase a seat on the Chicago Mercantile Exchange in 1971, and by 1980 he became chairman.
[Crain’s] — Miranda Davis