Oct
04

Notorious Chicago Real Estate Hits MLS

October 04, 2011

We just discussed a famous piece of metro Chicago real estate for sale. Now we have another Chicago home for sale to tell you about, but this one could be classified as infamous. And possibly priced a bit high.

Impeached Illinois Governor Rod Blagojevich has officially put his home in the Ravenswood Manor neighborhood on the market.

blagojevich home

2934 W. Sunnyside Avenue, Chicago

The asking price: $1.07 million, nearly twice the purchase price. The family paid $505,000 for the house in 1999.

Is it worth the price?

The 3817-square-foot Bungalow, described on the listing as “built like a fortress,” in 1929, is situated on a 50-foot-wide corner lot at 2934 W. Sunnyside Avenue in Chicago.

The 13-room home has five bedrooms, one on the first floor, four full bathrooms, all rehabbed to add steam and radiant heat, a music room, a library, a heated sun room, three fireplaces and a 2,200-square-foot basement with a gym.

The two-story home boasts hardwood floors throughout, vaulted and cathedral ceilings, crown moldings, a one-car detached garage and a deck.

The tax bill on the home in 2009 was $10,005.

We searched the MLS for nearby homes for sale and didn’t find much. There is a four-bedroom, two-and-a-half bath Arts and Crafts Bungalow on a 45-foot lot at 4529 N. Sacramento listed for $675,000. We also saw a four-bedroom, three-and-a-half bath home with a three-car garage and two decks at 4443 N. Mozart St. for $1,235,000.

Blagojevich greets the press in front of his home.

But neither of those homes served as the backdrop for the former governor, who spent many a day in front of his home defending himself to the media.

Blagojevich is awaiting sentencing after being convicted on 17 counts of wire fraud, bribery, attempted extortion and conspiracy.

His sentencing date was last week but was postponed by a judge while the last trial related to the Blagojevich investigation, the William Cellini case, begins in court. Cellini is accused of trying to shake down the Oscar-winning producer of the movie, “Million Dollar Baby” to get a $1.5 million campaign contribution for the former governor.

Blagojevich had been ordered by a judge to post the home, and a Washington condo the family owns, as bond while he awaits sentencing. The properties have reportedly been for sale, but the Chicago home officially hit the MLS on Sunday, with no interior pictures, I might add.

The Blagojevich family has said they can no longer afford to wait out sentencing in the home. The Chicago real estate agent is Patti Blagojevich, who listed her house through her River Realty company.

The family is supposedly looking for a smaller home in the same area.

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Tracey

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