Felon’s Former Wilmette Home has Sold

April 11, 2010

The Wilmette mansion once owned by a convicted felon has sold for more than the asking price.

This multi-million-dollar Wilmette mansion, which once belonged to convicted felon Tony Rezko, has found a buyer.

The 30-room home, at 1250 Chestnut, was once owned by former developer and political fundraiser Antoin “Tony” Rezko, who was found guilty in 2008 of multiple public corruption charges. After buying the Wilmette estate in 1999 for $1.9 million, Rezko foreclosed on it last year after failing to make payments on the more than $5 million mortgage.

The 8,596-square-foot home was listed in February for $3,587,900 million, put under contract within days and officially purchased on March 19 for $3,701,000.

Built in 1930, the three-story house has seven bedrooms, nine baths, three half baths, five fireplaces, and a sunroom. The estate, which won a Historic Preservation Award, also has an attached, two-bedroom coach house.

This property was being sold as-is and is apparently in need of cosmetic repairs.

Rezko had been the top campaign fundraiser for former Governor Rod Blagojevich and then-Senator Barack Obama and even held a fundraiser at this Wilmette mansion for Obama in 2003. Rezko is now in federal custody awaiting sentencing.

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