Aug
26

Famous Chicago Real Estate Hits the Market

August 26, 2012

A ex-Chicago Cub is trying to be an ex-Chicago real estate owner as well, even though it means taking a loss.

Carlos Zambrano pitched 10 good/tumultuous years for the Cubs until last season, when he walked out during a frustrating game, cleaned out his locker and declared he was retiring.

He wasn’t, of course, so the Cubs traded him to the Miami Marlins, and now Zambrano is trying to trade in his two Chicago-area homes for as much as he can get.

Zambrano's River Forest home.

Zambrano first listed his 4,000-square-foot River Forest home last September for $969,000, but the market forced him to lower the price at least four times, and it now sits at $859,000. He purchased the six bedroom home in 2006 for $1.199 million.

This month, Zambrano tossed his 6,700-square-foot West Lakeview home on the market at $2.395 million. That home he bought in 2008 for $2.66 million.

In other words, even if he gets his asking prices, he’s taking a loss on both homes.

Chicago Real Estate Forum wrote about Zambrano and his suburban home, at 506 Edgewood Place in River Forest, when he listed it last year. Click the link at the beginning of this paragraph to read about it or click here to see the listing.

Zambrano's Chicago home.

Zambrano’s newest listing, at 1725 W. Wolfram in Chicago, was built in 2005 on an extra-wide lot and features five bedrooms, four full baths and three half baths, a sunroom, two fireplaces, a three-car detached garage, a second-floor laundry room, a third-floor theater room and a rooftop deck.

The 2011 tax bill on the home was $25,337. Check out the listing here.

Zambrano is so eager to get out of Chicago that he is willing to loose thousands of dollars on his Chicago real estate. But don’t worry about him: The Cubs are reportedly paying him his $15 million salary this season, even though he is no longer a Chicagoan.

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Tracey

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