Transaction Details

On October 24, 2024, Cook County Board President toni Preckwinkle, 78, completed the purchase of a five-bedroom home in the Kenwood neighborhood on the ⁢south Side of Chicago for $1.04 million. This ‍marks a shift from ‍her long-time residency in the adjacent Hyde Park⁢ neighborhood, where she previously owned condominium units.

The property, built in the 1990s, features‍ 3.5 bathrooms, two fireplaces, and an open-concept main level enhanced by oversized windows and hardwood floors. The kitchen boasts custom⁢ granite ⁣slabs, premium appliances, custom cabinetry, a breakfast ⁤bar, a second prep sink, ‍and a pot filler.

Property Features and Recent History

The home includes French doors leading to an oversized deck, a spiral staircase accessing a rooftop deck, and a primary bedroom suite with dual vanities. A finished lower level provides a ⁤multi-tiered theatre room for entertainment. Outside, the property is landscaped with brick pavers and includes ⁢a three-car⁤ garage.

The residence was initially listed in August‍ 2024 for $1.05 million and Preckwinkle entered into a contract to purchase it just four days later, demonstrating strong demand for properties in this area.The 2024 property tax bill for the⁣ home was $13,041.

Real Estate Representation and Prior Investment

Debra Allgood of allgood Real Estate represented Preckwinkle⁢ in the transaction, describing the⁢ Board President as “absolutely splendid to work with.” Prior⁢ to this purchase, Preckwinkle acquired a four-bedroom condominium in Hyde Park in 2020 for $500,000.