NOT LISTED FOR SALE

Estimated Value: $6,705,000 - $15,775,461

6 Beds
11 Baths
25,000 Sq Ft
$450/Sq Ft Est. Value

Last Sold August 19, 2024

Last sale price $15,250,000 $610 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $72,011/month

530 Days on Market

Highlights

  • Home Theater
  • Sauna
  • 0.6 Acre Lot
  • Mayer Elementary School Rated A-
  • Heated Floors
  • 2-minute walk to Oz Park

About This Home

As of August 2024

Spectacular in presentation and scale, 1932 N. Burling St. is the most prestigious home on the Chicago real estate market today - a 25,000-square-foot, custom mansion in the heart of Lincoln Park featuring six bedrooms, 11 bathrooms, and an unparalleled 177' x 149' parcel that spans more than eight city lots. From the limestone facade with detailed relief work and beautiful balconettes to its lavishly landscaped, private grounds and gardens that include an arbor, a hand-forged pavilion, decorative fountains, and a reflection pool, the exterior is a testament to classic European elegance and artisanship. Inside, a 25' x 25' entryway with inlaid, precision-cut marble from the French Pyrenees leads to a grand rotunda that features a statement-making, bronze and 22K gold repousse staircase. The main level continues with a game room, a media room, a project room, a sitting room, and two spacious guest bedroom suites that overlook the gardens. Plus, the media room, game room and sitting room all link to an inviting back terrace for alfresco entertaining of epic proportions. The second level presents a grand living room, a family room, a handsome library, a music room, a formal dining room, and a stunning chef's kitchen with custom cabinetry and professional-grade appliances, not to mention a highly impressive, 2000 square foot wraparound terrace with a professional outdoor kitchen, Kalamazoo grilling station, multiple lounge and dining options, and a wood-burning, outdoor fireplace. The third level reveals multiple, spacious secondary bedroom suites, one with a private study, and a breathtaking primary suite with a hand-carved, English marble fireplace, a custom dressing room, a refreshments center, and two spa-worthy, marble-clad ensuite baths. But there's more... The lower level features an impressive 5000 bottle wine cellar and tasting suite with 14' ceilings modeled after the Great Stable of Versailles, 3,000 square feet of temperature-controlled storage, and the space for a future staff apartment and catering kitchen. Additional, design-forward details include 1,000-pound, custom-designed bronze entry doors, Italian plaster ceiling work and reliefs, custom millwork including moments of gilded and French polished burled walnut, 22K gold and platinum hardware throughout, imported inlay stone, and carefully curated 18th-century light fixtures. Additional amenities include a three-car custom attached garage, a gated motor court for additional parking, a large laundry room with custom millwork, an all-floors elevator, a house manager's office, a security room, and an incredible HVAC and home automation control center. Perfect for large-scale entertaining yet intimate for everyday living by design, 1932 N. Burling St. is one-of-a-kind luxury living.

Last Agent to Sell the Property

Matt Leutheuser

Jameson Sotheby's Intl Realty License #475145245 Listed on: 01/26/2023

Co-Listed By

Tim Salm

Jameson Sotheby's Intl Realty License #475133721

Last Buyer's Agent

Jennifer Ames

Engel & Voelkers Chicago License #475150488

Engel & Voelkers Chicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $333,725

Year Built

  • Built in 2010

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 177x149

Parking

  • 3 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Heated Garage
  • Parking Space is Owned

Home Design

  • Limestone

Interior Spaces

  • 25,000 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Vaulted Ceiling
  • Skylights
  • Family Room with Fireplace
  • 7 Fireplaces
  • Living Room with Fireplace
  • Sitting Room
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Library
  • Game Room
  • Utility Room with Study Area
  • Sauna
  • Heated Floors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Finished Basement

  • English Basement
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Patio
  • Fire Pit
  • Gazebo
  • Breezeway
  • Outdoor Grill

Schools

  • Oscar Mayer Elementary School
  • Lincoln Park High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$333,725

Year Built

Built in 2010

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 2010
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: English
  • Full Bathrooms: 7
  • Half Bathrooms: 4
  • Total Bathrooms: 11
  • Total Bedrooms: 6
  • Fireplaces: 7
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Sauna/Steam Room, Bar-Wet, Elevator, Heated Floors
  • LivingArea: 25000
  • Room Type: Kitchen, Breakfast Room, Media Room, Study, Sitting Room, Game Room, Bedroom 5, Bedroom 6, Library
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Whirlpool,Separate Shower,Steam Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Other
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Deck, Patio, Outdoor Grill, Fire Pit, Breezeway
  • List Price: 23500000
  • OtherStructures: Gazebo
  • Waterfront: No
  • Exterior Building Type: Limestone

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Heated,7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Heating: Natural Gas, Forced Air, Radiant, Sep Heating Systems - 2+, Zoned
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Oscar Mayer Elementary School
  • High School: Lincoln Park High School
  • Middle/Junior School: Oscar Mayer Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.5963
  • Lot Dimensions: 177X149
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 333725
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Aug 16, 2024
Sold by
Chicago Title Land Trust Company
Bought by
1932 N Burling Trust and Chicago Title Land Trust
Seller's Agent
Matt Leutheuser
Jameson Sotheby's Intl Realty
Buyer's Agent
Jennifer Ames
Engel & Voelkers Chicago
List Price
$29,999,995
Sold Price
$15,250,000
Premium/Discount to List
-$14,749,995
-49.17%
Views
43183
Current Estimated Value
$11,240,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,009,769
Avg. Annual Appreciation
-25.01%
Original Mortgage
$10,725,000
Outstanding Balance
$10,587,031
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$653,200

Purchase Details

Closed on
Jan 7, 2014
Sold by
Parrillo Richard
Bought by
Chicago Title Land Trust Company and Trust #5749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 20, 2013
Sold by
Chicago Title Land Trust Company
Bought by
Parrillo Richard and Richard Parrillo Sr Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 1, 2007
Sold by
Parrillo Richard P and Parrillo Michaela
Bought by
Chicago Title Land Trust Company and Trust #5749

Purchase Details

Closed on
Oct 30, 2006
Sold by
Amalgamated Bank Of Chicago
Bought by
Parrillo Richard and Parrillo Michaela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2006
Sold by
Parrillo Richard P and Parrillo Michaela
Bought by
Amalgamated Bank Of Chicago and Trust #5749
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1932 N Burling Trust $15,250,000 Chicago Title
Chicago Title Land Trust Company -- Chicago Title Land Trust Co
Parrillo Richard -- Chicago Title Land Trust Co
Chicago Title Land Trust Company -- Chicago Title Land Trust Co
Parrillo Richard -- First American Title
Amalgamated Bank Of Chicago -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1932 N Burling Trust $10,725,000
Previous Owner Chicago Title Land Trust Compa $22,737,840
Previous Owner Chicago Title Land Trust Co $4,000,000
Previous Owner Trust Number 5749 $10,020,000
Previous Owner Chicago Title Land Trust Company $10,000,000
Previous Owner Chicago Title Land Trust Company $4,000,000
Previous Owner Parrillo Richard $9,000,000
Previous Owner Parrillo Richard $18,000,000
Previous Owner Cole Taylor Bank $9,225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2024 08/19/24 Sold $15,250,000 -35.1% $610 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
11/06/2023 11/06/23 Price Changed $23,500,000 -15.8% $940 / Sq Ft
09/25/2023 09/25/23 Price Changed $27,900,000 -7.0% $1,116 / Sq Ft
01/26/2023 01/26/23 For Sale $29,999,995 -- $1,200 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $342,337 $1,260,570 $277,486 $983,084
2023 $333,725 $1,622,528 $324,713 $1,297,815
2022 $333,725 $1,622,528 $324,713 $1,297,815
2021 $326,275 $1,622,527 $324,712 $1,297,815
2020 $332,340 $1,491,858 $285,747 $1,206,111
2019 $325,797 $1,621,585 $285,747 $1,335,838
2018 $320,318 $1,621,585 $285,747 $1,335,838
2017 $300,941 $1,397,970 $233,793 $1,164,177
2016 $279,998 $1,397,970 $233,793 $1,164,177
2015 $256,172 $1,397,970 $233,793 $1,164,177
2014 $231,923 $1,250,000 $181,839 $1,068,161
2013 $227,343 $1,250,000 $181,839 $1,068,161
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11707537

Midwest Real Estate Data (MRED)

APN: 14-33-300-127-0000