A newly listed Glenview mansion carries a price tag that tops the most expensive home sale in the Chicago area this year.
Keith Hoogland, who was CEO of the movie rental chain Family Video that owned loads of retail real estate and still controls hundreds of buildings, is asking $12.5 million for his 10,000-square-foot house on Longvalley Road, Crain’s reported. Pam MacPherson of @properties is representing the seller. The listing is “exempt,” meaning it won’t appear on the multiple-listing service and is instead being offered on the agent’s private network.
While it’s possible that the mansion roughly 25 miles north of Chicago undergoes at least one price chop — as is normal with many super high-end homes priced in the eight-figures ballpark — it could also sell for the asking amount, which would result in the priciest Chicago-area home sale this year. Earlier this month, a 12,000-square-foot estate in Winnetka traded for $12.5 million, topping the $11.2 million sale of billionaire Ken Griffin’s Park Tower condo that happened in January.
Hoogland and his wife, Susan, bought the eight-acre property in two purchases. They paid $2.52 million for the first four-acre parcel in 2001, which included a 1920s-built house. In 2014, they purchased the second parcel for $3.8 million. That portion of the property remains undeveloped, serving as a nature sanctuary with several mature native trees.
The Hooglands prefer to sell the two parcels together, but they’re open to selling the house and 3.3 acres for just shy of $6 million and four lots, each about nine-tenths of an acre, at $1.5 million each, the outlet reported.
Akin to Citadel CEO and financier Griffin, Hoogland has moved his family and real estate company, Highland Ventures, to a state with what he views as more business-friendly policies. The couple relocated to Nashville in 2022, citing Illinois’ high taxes and declining population.
“I’m a big believer in Chicago and I’m a big believer in Illinois,” Hoogland told the outlet. “I think it’s going to come back, but I don’t think that’s going to happen soon.”
— Quinn Donoghue
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