R. Kelly's Former Olympia Fields Estate Sold For $1.6 Million With Broker Alex Wolking

The property is a single-family estate located at 1 Maros Lane in Olympia Fields. It encompasses a total of 21,000 square feet and has a sale price of $1,600,000, which is approximately $76 per square foot. This estate was formerly owned by R. Kelly and was sold for significantly less than its original asking price of $3.5 million.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $1,600,000
• Address: 1 Maros Lane
• Market: Olympia Fields
• Square Footage: 21,000
• Price Per Square Foot: $76
• Broker: Alex Wolking - Keller Williams ONEChicago

Alex Wolking represented the seller in this transaction, highlighting the current trends in the luxury real estate market, particularly in the Chicago area, where there has been a steep downturn affecting property values.