Page 41 - Janet Owen Promo

Press for Sale of 1866 North Howe Street
Highest Lincoln Park Single Family Home in

Multiple Listing Service History!

Elite Street

By Bob Goldsborough, Special to the Tribune
December 19, 2013

Lincoln Park sale tops $9 million

On Monday, an 18-room, contemporary French moderne-style mansion sold for $9.04 mil-
lion, representing the highest sale price of a mansion in the Lincoln Park neighborhood since
the housing crisis.

Joseph Nicholas, founder of Hedge Fund Research, assembled the property in two parts, buy-
ing the 11,000-square-foot mansion in 2010 for $8.5 million, then purchasing an adjoining
vacant lot in 2011 for $1.3 million.

Nicholas sold the six-bedroom mansion and lot together. Nicholas had asked $10 million;
$8.9 million for the mansion and $1.1 million for the lot.

Features in the mansion include a movie theater, a billiards room, a gym room, and a 50-foot
sport court above a four-car, attached garage.

"We got a really good price for it," said listing agent Janet Owen of Prudential Rubloff.
"I had a very educated seller who knew every sale right up to the minute. He priced it correct-
ly. There's not a lot of (buyers) at the high end, as evidenced by the recent (failed) Michael
Jordan (mansion) auction. But (Nicholas) priced it right, and in due time, our buyer came
along and was delighted with it, so it was a win-win situation."

Public records do not show the identity of the buyer, who was represented by Emily Sachs
Wong of @properties.