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Kenilworth mansion sells for $9.45 million – Crain’s Chicago Business

A newly built lakefront mansion in Kenilworth sold for $9.45 million yesterday, becoming the fourth-priciest local home sale so far in a year where upper-end homes have been flying off the market. 

The seven-bedroom, 8,700-square-foot home is on about two-thirds of an acre on Sheridan Road, with about 100 feet of private lake Michigan shoreline. It was built by Heritage Luxury Homes, a prolific seller of new high-end mansions on the North Shore, one of whose principals, @properties agent Milena Birov, was the listing agent. (See more photos below.)

The buyers are not yet identified in public records. Their agent, Annika Valdiserri, declined to comment.

At $9.45 million, the mansion is the fifth Chicago-area home to sell for $9 million or more so far this year. In each of the two preceding years, 2020 and 2019, there were two sales at that level. 

The mansion has another distinction: It knocked Chicago out of its lock on the five highest-priced home sales so far this year. There are now only three suburban homes among the 20 highest-priced on Crain’s running list of top-priced sales for the year to date, a strong sign of the city’s solid revival after the upper-end market shifted into suburban territory last year during the Covid crisis. 

The sale is the third-highest on record in Kenilworth, following an $11.75 million sale last year that was also a new build by Heritage, and a sale in 2008 at $9.7 million. 

A legal entity related to Heritage bought the Sheridan Road site in 2018 for $4.4 million, according to the Cook County Recorder of Deeds. Heritage demolished the existing home on the property and built the new one with “everything you could want,” Birov said. 

The house’s formal room have extensive wood trim, marble floors, chandeliers and walls of windows facing Lake Michigan. In the basement is a 300-bottle wine storage room adjacent to a pub area, and on the third floor is another bar that opens onto a balcony facing the lake. There’s a half-court indoor basketball gym.

The outdoor swimming pool overlooks Lake Michigan, and steps lead down to a long terrace at the shoreline. The home does not have a sand or rock beach, but the terrace has steps that dip into the water. (See the terrace in the last photo at the bottom of this article.)

Heritage first put the property on the market in mid-2018 at a little under $9.3 million, but later raised the price to nearly $10 million. By the time of the sale, the asking price had come down to just under $9.6 million. 

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