A newly built mansion in Lincoln Park, one of the most affluent neighborhoods in the Windy City, has sold for $12.5 million through an off-market deal, the highest price in the Chicago area since 2015.
The row house was developed by Jeffrey Applebaum, a hedge fund manager, and his wife, Stephanie, who bought the lot for $4 million in 2015, property records show.
The three-story row house has 10 bedrooms and six bathrooms. Large dining and living spaces feature marble and hardwood floors, artisanal pale plaster walls and marble fireplaces, according to listing photos on realtor.com.
Central to the house is a sweeping staircase, leading all the way from the first floor to a skylight, listing photos show.
The sale closed last month for $12.5 million, according to listing records.The price was the highest for the Chicago area since 2015, eclipsing the record set a few months ago with the sale of an $11.9 million home nearby, according to the Multiple Listing Service and Crain’s Chicago Business, which first reported the sale.
The deeds have yet to appear on property records.
Mr. Applebaum, partner and president of Pentwater Capital Management, could not be reached for comment.
Lincoln Park also boasts the most expensive listing in the Chicago area, a 25,000-square-foot megamansion that’s on the market for $45 million.
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