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Foreclosed Wrigley Mansion returns with a $2.25M price increase

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The historic North Side mansion has launched a full-scale PR push to help find a buyer

2466 N Lakeview Avenue
Parkvue Realty Corporation

The historic Theurer-Wrigley House (aka the Wrigley Mansion) is one of the greatest surviving homes of Chicago’s gilded age and it is once again on the market. While it’s nice to imagine what it would be like to live in one of the grand mansions of Chicago’s past, they can, and usually do, spend a lengthy amount of time on the market before finally buying a buyer. For instance, this isn’t the first time this stately 13,700-square-foot home has listed in recent years, although the big PR push from the new brokers might lead you to believe that.

The nine-bedroom, seven and a half bathroom mansion has bounced on and off the market and shuffled between various brokerages over the last few years. In November 2012, the mansion entered the market, making a splash with its $9.5 million asking price. In November 2014, the mansion returned, this time asking $8.695 million. After languishing on the market for a year and a half, the mansion took a steep $3.795 million price drop to lower the asking price to $4.9 million—nearly half of its original ask from 2012.

Originally built in 1896 for Schoenhofen Brewing Company owner Joseph Theurer, the home was later purchased by William Wrigley, Jr. of the Wrigley Company. The home, which features elaborate terracotta ornamentation on its exterior, was designed by the architect Richard Schmidt. And while many of the greatest mansions built during Chicago’s gilded age were destroyed over the years, this one not only remains in tact, but it’s safe to say that it looks a lot like it did during the time that the Wrigley family owned it.

The mansion returns to the market this week seeking $7.15 million.