For Sale: Fallen Governor’s Chicago Home

July 17, 2011

Another famous piece of Chicago real estate is on the market. Actually, this one could be categorized as infamous.

Rod Blagojevich is selling his Ravenswood Manor home.

A federal judge set bond for the impeached Illinois governor at $450,000 on Friday and ordered Blagojevich to post his Chicago home and his condo in Washington as collateral in case he violates his bond conditions.

The Blagojevich home in Chicago is supposedly up for sale.

Blagojevich, who was convicted last month on 17 of 20 counts of corruption, told the judge that his Chicago residence is already up for sale.

“If anyone’s watching this and is interested in a nice house in Ravenswood, contact the Blagojeviches,” attorney Sheldon Sorosky told reporters after the hearing.

The Cook County Assessor valued the home in 2010 at $659,000, though upgrades done to the house could up that amount. It was said in court that Rod and Patti Blagojevich have about $600,000 in combined equity on the two properties; approximately $300,000 in each.

The Blagojeviches bought their Ravenswood Manor home in 1995 for $505,000.

Built in 1925, the 3,817-square-foot home on the corner of Richmond and Sunnyside has five bedrooms and four bathrooms. It has yet to be listed on the Multiple Listing Service (MLS).

Don’t expect any open houses: After all, this is famous — or infamous — Chicago real estate now.

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[…] know we love talking about famous, and infamous, pieces of Chicago real estate for sale. This one falls in the latter […]

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