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Residential
Chicago

Garrett Popcorn owners sell Lake Forest home

Five-bedroom home sold for $4.7M

575 E Westminster, Lake Forest (Zillow, Garrett Popcorn)
575 E Westminster, Lake Forest (Zillow, Garrett Popcorn)

The couple that expanded the Garrett Popcorn Shops chain into an international retailer sold their Lake Forest home for $4.72 million.

The five-bedroom home sits on 1.31 acres at 575 East Westminster in Lake Forest, a northern city that’s part of the Chicago metropolitan area and the North Shore, Crain’s reported. The house, which doesn’t appear to have been publicly listed, asked $4.4 million when it hit the market in 2019.

575 E Westminster, Lake Forest (Zillow)

575 E Westminster, Lake Forest (Zillow)

Lance and Megan Chody own Garrett Brands, which produces the Chicago staples cheddar and caramel popcorn and Frango chocolate mints. They bought the Lake Forest home in 2002 for about $2.8 million.

Built in 1900, the house has three main levels and an additional basement floor. The first floor holds the formal living room, dining room and chef’s kitchen with a butler’s pantry. The second floor of the home has four bedrooms, including the primary suite, which has a private bathroom and large walk-in closet. The final bedroom and an additional large playroom are on the top floor.

575 E Westminster, Lake Forest (Zillow)

575 E Westminster, Lake Forest (Zillow)

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The basement has a gym and golf simulation room, as well as a recreation room and stone-lined wine cellar down a long underground walkway. The basement connects the main home and the detached four-car garage, which has a small apartment.

Chody bought Garrett Popcorn, founded in 1949, with a partner for between $7 million and $8 million in 2005. By 2019, the brand had 48 stores in Chicago, Atlanta, Las Vegas, Madrid, Tokyo and more. Garrett became the official popcorn of the Chicago Sky women’s professional basketball team in June.

575 E Westminster, Lake Forest (Zillow)

575 E Westminster, Lake Forest (Zillow)

The Lake Forest house is the 94th home in the Chicago area to sell for $4 million or more this year. There were 104 in all of 2021, suggesting the city is on pace to surpass last year’s record numbers.

575 E Westminster, Lake Forest (Zillow)

575 E Westminster, Lake Forest (Zillow)

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— Victoria Pruitt

Tags
Lake ForestLuxury Housing