Theo Epstein Sells Lakeview Mansion In Chicago For $3.5M
$3,500,000
$500/SF
Building Size
7,000 SF
Asset Type
Single Family Residence
Closing
Aug 29, 2023
AI
The former Lakeview mansion of Theo Epstein, the former president of the Chicago Cubs, has been sold for $3.5 million. The 7,000-square-foot single-family home, located in Chicago, features six bedrooms. The selling price is slightly below the original asking price of $3.6 million. The property was purchased by undisclosed buyers. This sale comes after Epstein recently acquired an $11.9 million mansion in Greenwich, Connecticut.
Summary of transation details
- Property Type: Single-Family Home
- Transaction Amount: $3,500,000
- Square Footage: 7,000
- Price per Square Foot: $500
- Market: Chicago
- Seller: Marie & Theo Epstein
- Broker: Jeff Lowe - Compass
The sale of Epstein's Lakeview mansion was facilitated by Jeff Lowe of Compass, who represented the seller in the transaction. The identity of the buyers remains undisclosed. Epstein's decision to sell the property follows his recent acquisition of a mansion in Greenwich, Connecticut.
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Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93