New Cubs Savior Gets Chicago New Home

December 06, 2011

The man who is expected to save the Cubs now has Chicago real estate not far from the office.

Theo Epstein, the new president of baseball operations for the Chicago Cubs, has purchased a newly constructed home in Chicago’s Lakeview neighborhood, less than a mile from Wrigley Field.

The home was purchased on November 1 for $3,250,000 million, about 8.3 percent more than the asking price of $2,999,999. According to Crain’s, possession of the home belongs to Epstein’s wife, Marie Whitney Epstein.

The 7,800-square-foot estate was built in 2010 by Chicago-based PLD Homes and offers five bedrooms, including a master suite with a foyer and two large dressing rooms.

There are also five full and two half baths, four fireplaces, a theatre room, heated floors, a second-floor laundry room, a deck, a patio and a four-car attached garage.

This now famous piece of Chicago real estate almost went to another Chicago sportsman: The Blackhawks’ Patrick Sharp had a signed contract for $2.9 million on the property in October, but the deal fell through.

The home has never been lived in and the stark white walls contrast with the dark hardwood floors. I, for one, would love to see what the Epsteins do with the place.

On Theo’s salary, that could be practically anything they want. The former general manager of the Boston Red Sox has a five-year contract with the Cubs worth around $20 million. In return, Epstein is going to put together a Cubs team that will finally bring home a World Series championship.

Good luck, Mr. Epstein, and welcome to the neighborhood!

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