An ultra-opulent mansion on Lincoln Park’s Burling Street hit the market in late 2016 for $50 million, shattering the record for Chicago’s most expensive listing in the process. After three years and a $5 million price cut, the superlative single-family residence is still available.
Insurance magnate Richard Parrillo and wife Michaela completed the home in 2010 and claimed to have sunk $65 million into acquiring the land and constructing the 25,000-square-foot limestone structure, which occupies more than eight standard-sized city lots.
In total, there are six bedrooms and 11 bathrooms. There’s a massive outdoor terrace, a secluded walled garden, and a reflecting pool. The interior decked out in custom stone, wood, gold leaf, and plaster details befitting a European palace. Even the driveway gravel was imported from France.
If all of that sounds like your cup of tea, the Burling Street behemoth can be yours for a cool $45 million. The asking price is more than double that of the city’s next priciest listing—the Gold Coast’s historic 1888 Thompson House, which can be had for a meager sum of $19.5 million.
The Parrillo’s Lincoln Park estate currently holds the title of Chicago’s single highest listing price, but won’t break the record for the city’s most expensive residence. In 2018, billionaire hedge fund manager Ken Griffin acquired and combined the top four floors of No. 9 Walton in separate transactions totaling more than $58 million.
1932 Burlington Street is listed by R. Matt Leutheuser and Timothy Salm of Jameson Sotheby’s International Realty.