Gold Coast’s Most Expensive Mansion Sees a Price Reduction
It’s the second most expensive single family home on the market in Chicago and it just had a price reduction. Located in the Gold Coast on small, quiet Banks Street, the mansion was built in 1870. From the listing:
The Most Architecturally Significant & Beautiful Home In Chicago! A 15,000 Sq Ft Masterpiece In The Heart Of The Gold Coast. This Residence Commands Four Stories W/26 Rms, 8 Bedrms, 11 Baths (9 Full & 2 Hlfs), & An Unheard Of 900 Sq Ft Rooftop Terrace. A Genuinely Brilliant 19th Century Treasure Redesigned By Famed Chicago Architect Marvin Herman.Substantial Tax Crdts Avl. To Buyer In The Frm Of Preservation Easement
25 E. Banks: 8 bedroom, 9 full and 2 half baths, 15,000 square feet, 2 car garage
- Last sold in September 2000 for $4.68 million
- Was listed in the spring for $13.5 million
- Recently reduced to $12 million
- Current taxes of $69,788 a year
Mary Bennett at Koenig & Strey has the listing.