Own this gorgeous Grand Boulevard Victorian turned bed and breakfast for $700K

Situated on a corner lot along South Michigan Avenue in the Grand Boulevard neighborhood, this ivy-covered mansion was originally built in 1893 for Chicago furniture magnate Samuel Karpen. It currently operates as the Welcome Inn Manor bed and breakfast.

The 7,200-square-foot structure features a mix of Victorian and Richardsonian exterior details. Inside, it sports seven bedrooms, six bathrooms, and tons of original woodwork including a grand carved staircase, wainscoting, and pocket doors. There’s also five fireplaces, decorative stained glass, and an updated chef’s kitchen.

Listed for $825,000 two years ago, the stately home 4563 S. Michigan Avenue recently returned seeking $697,500. According to Berkshire Hathaway HomeServices KoenigRubloff agents Ivona Kutermankiewicz and Lucyna Wrucha, the sale includes only the real estate portion of the property. The owner would consider selling the B&B business separately, provided there is interest.