Lincoln Park home hits the market at $4.9M, but there’s a catch

The home last sold in 2018 for $4.3 million

@properties' Carrie Mccormick with 1848 N Howe Street (Carrie Mccormick Luxury Group)
@properties' Carrie Mccormick with 1848 N Howe Street (Carrie Mccormick Luxury Group)

Interested buyers in a Lincoln Park mansion that was listed on Wednesday might already be out of luck — it hit the market with a pending offer on the table.

The home at 1848 N Howe St. is listed for $4.9 million. Built in 2017, it last sold for $4.3 million in 2018. The 6,400-square-foot home has six bedrooms and seven bathrooms and includes an elevator, mudroom, attached garage, private rooftop deck, bar and wine cellar.

The home is owned by a land trust, according to Cook County Property records. Carrie Mccormick with @properties Christie’s International Real Estate is representing the owner and did not respond to a request for comment.

Should it sell for above $4 million by the end of this year, it would be the 18th home in the neighborhood to sell at or above that price point in 2022.

The home is one of several high-priced listings in Lincoln Park. Nearby, a pair of homes next door to each other on North Burling Street that share an owner are being listed for $5.3 million.

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The listing comes after one of the two homes sat on the market individually for a year. The combined offering gives potential buyers a path to creating a large vacant lot, a type of property that has proven lucrative for sellers in the neighborhood as of late.

The larger of the two, an 8,000-square-foot home with five bedrooms and six bathrooms, is seeking $4 million in a separate listing of only that home. The smaller, 2,000-square-foot property has three bedrooms and two bathrooms and is asking $1.25 million. The larger listing was custom built in 1997 and includes an elevator, recreation room and a 2.5-car heated garage.

Paul Edick, chairman and CEO of Xeris Pharmaceuticals, is selling a contemporary mansion in the neighborhood, seeking $6 million through a private, agents-only network listing.

The four-bedroom, five-bathroom property is on Fremont Street, adjacent to DePaul University’s campus in the area. The 6,600-square-foot home includes a three-car garage and was custom built in 2018. The 36-foot lot includes extensive gardens and outdoor space, a rooftop vegetable garden and rooftop deck.

The priciest Lincoln Park single-family listing belongs to a $9.5 million home with ties to hedfunder and former Illinois resident Ken Griffin. The list price is a drop from when it last sold for $10 million on July 12, which marked the neighborhood’s priciest deal so far this year, according to Cook County records. It was respectively bought and sold by limited liability companies Mohawk Partners II and Mohawk Partners. The home has long been the residence of Anne Dias, the philanthropist, investor and ex-wife of Griffin.

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