The CEO of Kellogg, soon to be split into three smaller companies, sold his Lincoln Park mansion for $6.2 million.
Steve Cahillane and his wife sold the five-bedroom, 7,800-square-foot home on Orchard Street in an off-market deal, Crain’s reported. Cahillane bought the home for $5.6 million in 2018, shortly after he was named chairman and CEO of the food manufacturing giant.
The sale marks the Chicago area’s 30th deal this year for at least $6 million. Some 33 homes hit that threshold last year, a record, up for 29 in the two years spanning 2019 and 2020.
Carrie McCormick with @properties Christie’s International Real Estate represented Cahillane, while her colleague, Chris Crawford, represented the buyers. It’s not yet known if or where Cahillanes has bought a new home.
Since the home was sold without coming to the public market, little information was available. According to the 2018 listing for the brick and limestone house, it has nine-foot interior doors and walnut flooring. Built by Melrose Partners in 2009, the home has an elevator, a rooftop deck with pergola and a full-floor primary suite with walk-in closet, dressing room and its own library.
The home, on a 30-by-125 lot that’s slightly larger than the standard 25-by-125 size, also has an attached four-car garage that connects to the basement, which houses a wine cellar, home gym and recreation room.
Cahillane will run the largest of Kellogg’s three companies, known for now as Global Snacking, based at 412 N. Wells St. Besides snacks, the firm’s products include international cereal, noodles and frozen breakfast products. Other Kellogg products include Pop-Tarts, Pringles, Eggo, Cheez-It and RXBar.
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