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Historic Theurer-Wrigley House Takes Massive Price Reduction

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One of Chicago's most grand gilded age mansions is now asking $4.9M

The Wrigley Mansion in Lincoln Park, of the great surviving mansions of Chicago’s gilded age, has just received its first price reduction since it listed in November 2014. The 15,000-square-foot mansion, which was originally built in 1896 for Schoenhofen Brewing Company owner Joseph Theurer and later purchased by William Wrigley, Jr. of the Wrigley Company, had entered the market a year and a half ago asking $8.695 million, but has just knocked a whopping $3.795 million from the price tag. The home was built in the late-Italian Renaissance style by Richard E. Schmidt, an early architect that helped shape the original Chicago School of architecture in the late 1800s. So, will the home’s big price reduction help entice curious buyers? A nearly $4 million price chop is certainly going to open up that opportunity to a larger pool of buyers.