One of Chicago's most historic and architecturally significant homes will soon have a new owner. Known as the Wrigley Mansion thanks to its former owner, the chewing gum tycoon William Wrigley, Jr., the Italian Renaissance mansion on Lakeview Avenue found a yet-to-be-announced buyer in December after what Mansion Global called "years of neglect that ended in foreclosure." Scroll down for more of the story, plus a look inside.
The home near Lincoln Park was designed by architect Richard Schmidt and completed in 1896.
The Wrigley family purchased it in 1911.
It was one of Chicago's best-known properties at the time. William Wrigley, Jr. would go on to buy the Chicago Cubs in the following years, too.
Although it stayed in the Wrigley family for about 70 years, it was vacant for much of that time.
The family moved from the mansion to a 10,000-square-foot apartment in a Rosario Candela-designed building on Lake Shore Drive in
It was sold to a private investor in 1984.
Although it was considered for use as the Chicago mayor's residence, the home remained in private hands. Bank of America foreclosed on the previous owner of the property in 2016, Mansion Global reports, and listed it for $7.15 million in 2017. The asking price was eventually lowered to $4.9 million.
The home found a buyer in December, but the selling price won't be reported until the closing.
"The mansion is magnificent," listing broker Anthony Disano told Town & Country. "It’s hard to believe it's 120 years old and in immaculate condition with most of the original woodwork intact."
"The steel and concrete structure is clad in an elegant baroque terra cotta tile and patinated copper roof," the listing notes.
An actual ballroom on the top floor has views of Lincoln Park and Lake Michigan.
Mahogany, cherry, and birdseye maple wood are used throughout the house.
There are nine bedrooms.
The first floor contains an expansive living room.
It connects to a study with built-in bookshelves.
The basement holds an impressive bar.
And a walk-in vault for storing bottles.
Soon it could be home to a new family.
Or a school, retail space, office, hotel, restaurant, banquet hall, museum or art gallery—all were suggested in the listing. Whatever it becomes, the property will always be one of Chicago's most notable addresses.
*This story originally appeared on Townandcountrymag.com
*Minor edits have been made by the Townandcountry.ph editors