Michaela Parrillo And Richard Parrillo Sell Lincoln Park Estate For $15.25 Million

A single-family estate situated at 1932 North Burlington Street in Chicago was sold for $15,250,000. The property spans 25,000 square feet and is set on a 0.6-acre lot. The sale marks a significant transaction in the Chicago real estate market for 2024.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $15,250,000
• Location: 1932 North Burlington Street, Chicago
• Square Footage: 25,000
• Price per Square Foot: $610
• Seller: Michaela Parrillo; Richard Parrillo - United Automobile Insurance Company
• Buyer's Representative: Jennifer Ames - Engel & Völkers
• Seller's Representatives: Matt Leutheuser & Timothy Salm - Jameson Sotheby's International Realty
• Acres: 0.6

This transaction is particularly noteworthy as it represents a substantial loss for the seller, who had initially listed the property for $50 million in 2016. The mansion's sale price reflects just 30% of its original asking price, despite its prime location and design.