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A Bargain?? Owners of Chicago’s Most Expensive Home cut $50 Million price tag to $29.9 Million

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