The owners of a 25,000-square-foot mansion in Lincoln Park just lowered the asking price of said domicile another $15 million.
Dubbed the most expensive home in Chicago, Richard and Michaela Parrillo turned heads when they listed their Lincoln Park Estate for a whopping $50 Million. But no one bit at this bait, so they dropped the price to $45 million. Still, no one was interested.
The mansion sits on eight city lots and houses spa-like bathrooms, a speakeasy bar area, and a 5,000-bottle wine cellar and tasting room. Still, no one would pay $45 million for it.
So now the owners are cutting off another $15+ million, bringing the price down to $29.9 Million.
The Parrillos bought the land in 2016 for $65 million and then listed it for sale that same year. Clearly, they aren’t expecting any real return on investment and just want to get rid of their Chicago property.
Source: The Real Deal