$50M Lincoln Park Mansion, IL's Most Expensive, Is Off The Market

CHICAGO — A $50 million mansion in Lincoln Park is no longer for sale after nearly two years. The six-bedroom home — Illinois' most expensive piece of real estate — was listed in December 2016, but it was taken off the market earlier this month, according to Realtor.com.

It's not known why the home is no longer listed. And it's still not clear what the future for the property holds.

Built in 2010, the 25,000-square-foot mansion is situated on eight city lots. The current owners — United Autombile Insurance Co. CEO Richard Parrillo and his wife, Michaela — spent $65 million on the home, including paying $12.5 million for the lots in 2005, according to the Chicago Tribune.

Highlights of the mansion include multiple fountains, a reflecting pool, a forged antique pavilion, vaulted ceilings, heated floors, a wooden bar, a sauna/steam room and other amenities. When it was on the market, the property was the 10th most expensive home for sale in the country.

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The mansion's high price tag brought a certain amount of scrutiny with it. While the home is listed as measuring 25,000 square feet, the Cook County assessor charts it at only 15,533 square feet, the Tribune reports. The assessor also priced the mansion at $19.36 million in 2018, well below its $50 million asking price.

Go to the mansion's listing on Realtor.com for more details and photos.

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Photo via Realtor.com