Connect with us

Hi, what are you looking for?

Influencers

Al Capone’s House Sold in Two Months for Twice the Price

Chicago Entertainment News

A Park Manor home where Al Capone lived in the 1920s and which was owned by his family until the 1950s has sold less than two months after going on the market and for twice the asking price.

The Prairie Avenue home in Park Manor went on the market in early February after its former owner lost it to foreclosure. The asking price was $109,900. It sold on April 5 for $226,000, according to Midwest Real Estate.

Ryan Smith, an agent with Re/Max Properties who represented the home for MTGLQ Investors, a subsidiary of Goldman Sachs, confirmed that the buyers were investors, not end users, and said he did not know their plans for the property. He also said that multiple offers had been received on the home, and that many of them were investor offers.

You May Also Like

Culture

Illinois lawmakers hope to de-state Chicago by making the Windy City the 51st state. The bill, HR0101, filed in February by Republican Rep. Brad...

Business

Volatile stock market conditions raise questions about how to grow your retirement savings, especially as you approach retirement. After last year’s slump in prices,...

Culture

Whether you’re ready or not, the holidays are here! December is here and it’s bringing with it the holiday spirit. This year, December has...

Influencers

Chicago mayoral candidate Bill Daley has proposed renaming the Dan Ryan Expressway after the 44th President of the United States, Barack Obama. For decades,...