Shannon Abloh’s new Lincoln Park Mansion Valued at 15 Million

A newly completed mansion on a four-lot parcel in Lincoln Park is joining the ranks of Chicago’s most expensive residential developments.

The home was completed this past fall following a years-long transformation of the neighborhood into a hub for large homes. Cook County Clerk records indicate that the mansion at 1903 North Orchard Street was built for Shannon Abloh, CEO of Virgil Abloh Securities, according to Crain’s.

Abloh leads Virgil Abloh Securities following the 2021 death of her husband, Virgil Abloh. The late designer was the artistic director for Louis Vuitton menswear and founded the Off-White label.

A legal entity led by Shannon Abloh purchased the land for $9 million in October 2022. The 99-feet by 125-feet site occupies nearly four standard Chicago city lots south of Lincoln Park High School, according to the outlet.

Building permits tracked by Chicago Cityscape estimated the cost of hard construction for the structure and utilities at about $6 million. When combined with the land acquisition price, the base investment for the project totals at least $15 million, according to the publication.

Industry standards suggest permit estimates cover only structural work rather than high-end interior finishes. The architectural design features a stucco-clad facade with a trio of tall arches and a sheltered entrance. McAlpine, a design firm based in New York and Atlanta, served as the architect, while Chicago-based BGD&C managed the construction.

Building records reveal the home includes modern luxury amenities, such as an elevator and a five-car attached garage. Both the primary home and the garage structure are topped with expansive rooftop decks.

The Orchard Street site is within a high-value enclave often referred to by the “WHOA Baby” acronym by local real estate professionals. This area consists of blocks along Willow, Howe, Orchard, Armitage, and Burling streets.

The neighborhood is a preferred destination for high-net-worth individuals developing expansive urban estates. Notable residents include former U.S. Commerce Secretary Penny Pritzker and Guggenheim Partners CEO Mark Walter.

Other recent nearby developments include a $17.9 million assembly by private equity executive Justin Ishbia. Additionally, a mansion previously developed by insurance executive Richard Parrillo sold for $15.3 million in early 2024.

— Eric Weilbacher