After years on and off the market, the stately Gold Coast home of philanthropist Ann Lurie has found a buyer in the neighboring Latin School of Chicago. Originally listed for an eye-watering $18.75 million in 2013, the 18,000-square-foot mansion and its half-acre side yard will change hands for a reported $12 million, according the Chicago Sun-Times.
Built in 1891, the historic property features 12 bedrooms, 12 bathrooms, nine fireplaces, extensive original woodwork, stained glass windows, and an elevator. According to its new owners, the private school plans to use the structure at 1547 N. Dearborn Parkway for “administrative purposes” and convert its yard into a children’s play area.
The eight-figure transaction makes it the priciest Chicagoland home sale of 2017—handily eclipsing the $7.5 million sale price shared by a heavily rehabbed Gold Coast mansion and a sprawling lakefront estate in suburban Wilmette.
- Latin School of Chicago buys historic Lurie Mansion [Chicago Sun-Times]
- Ann Lurie sells Gold Coast mansion to Latin School [Crain’s]
- Ann Lurie lists monster mansion for $18.75M [Curbed Chicago]