The seller of another high-end home in Chicago is enduring a major cut to its asking price.
A Lincoln Park home that was the residence of investor Anne Dias trimmed $1.7 million, or 18 percent, from its asking price, dropping the home to $7.8 million from $9.5 million.
In addition to her CEO duties for New York-based investment firm Aragon Global Management that she founded in 2001, Dias is a philanthropist as well as the ex-wife of billionaire hedge funder Ken Griffin.
The residence tied to her at 2026 North Mohawk Street was listed for sale on the public market in October for $9.5 million, a drop from when it last sold for $10 million on July 12, which marked the neighborhood’s priciest deal in 2022, according to Cook County records. The 11,000-square-foot home has seven bedrooms and 11 bathrooms.
It was respectively bought and sold by limited liability companies Mohawk Partners II and Mohawk Partners. It’s unclear whether that sale was a formality within the former couple’s real estate holdings or why it was sold and then relisted so quickly for $500,000 less.
Its new owners are not clear from public records since the property changed hands in July, and the home was previously purchased by an LLC for $8.35 million in February 2016. The couple divorced in 2015.
“The seller is offering this fantastic home for sale in a market at a great price with very little similar inventory,” Emily Sachs Wong, an agent with @properties Christie’s International Real Estate representing the listing, previously said. Sachs Wong didn’t return a request for comment on the price cut.
Before the home’s July sale, the last deal for a Lincoln Park home for more than $10 million was struck in December 2021, when an 8,000-square-foot home on North Burling Street fetched $12.5 million.
Since that home changed hands, only one trade in Lincoln Park has topped $9 million. The mark was hit by four-lot property that was sold as part of a custom design project by BGD&C Homes, a high-end Chicago builder. That deal appears to be a record in Lincoln Park for the cost of land alone.
The Dias home is now the third-priciest listing in the pricey neighborhood. An $11.5 million listing on Lakeview Avenue and an $8 million listing on Orchard Street are the only properties whose owners are seeking more money.
Griffin, the CEO of hedge fund Citadel, announced in June he was relocating the firm’s headquarters to Miami, citing Chicago’s issues with crime. In July, he listed his two full-floor penthouse condominiums in Park Tower on Michigan Avenue. The 66th- and 67th-floor units are asking $13.25 million and $15.75 million, respectively.
Griffin also since sold one of his luxury residential properties in the city, a Waldorf Astoria condo for $10.2 million, an 11 percent discount from the asking price when it hit the market. The five-bedroom, 7,400-square-foot unit on the 37th floor was listed in July and went under contract Sept. 26. Griffin was poised to take a loss on the home even if it had sold at its full listing price. He bought it in 2014 for $13.3 million.
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