Wrigley Mansion Cuts Price; Is $5.5M More Affordable?

CHICAGO, IL — Apparently, being a historic landmark in Chicago isn't a magnet for potential home buyers. The Frank Lloyd Wright-designed Isadore Heller House in Hyde Park is no longer on the market after failing to find a buyer recently. And now the Theurer-Wrigley House — commonly referred to as the Wrigley Mansion — has reduced its asking price after it went up for sale at the beginning of the year.

The 13,705-square-foot home originally was listed at $7.15 million when it went on the market in February, according to realtor.com. Since then, the price has dropped to $6.99 million in March, $6.65 million in June and $5.98 million in early August. It's new asking price is $5.5 million.

Since 2011, the four-story, nine-bedroom mansion has been on and off the market at different prices. In November of that year, it was listed for $9.5 million and then for nearly $8.7 million three year's later, according to realtor.com. The price eventually was reduced to $4.9 million in June of 2016, the home's listing states. (Get Patch real-time email alerts for the latest news for Lincoln Park and Chicago — or other neighborhoods. And iPhone users: Check out Patch's new app.)

RELATED: Wow! House: Wrigley Mansion Back On The Market With A $7.15M Price Tag

Built in 1896, the Italian Renaissance-style home was commissioned and originally owned by Schoenhofen Brewing Company owner Joseph Theurer. Chewing gum mogul William Wrigley Jr. bought the property in 1911, but the family left the house empty during the Great Depression and in the years following that period. The Wrigley Mansion was listed on the National Register of Historic Places in 1980, and the city considered making it the mayor's official residence in 1984.

The residence features a mahogany-paneled library, solarium, a walk-in vault and a top-floor ballroom with scenic views of Lake Michigan and the Lincoln Park neighborhood. The mansion's estate also includes a coach house.

Go to the Wrigley Mansion's listing on realtor.com for more details about the home.

• Address: 2466 N Lakeview Ave, Chicago, Illinois
• Price: $5,500,000
• Square Feet: 13705
• Bedrooms: 9
• Bathrooms: 6 Full and 3 Half Baths
• Built: 1896
• Features: Chicago's historic 'Wrigley Mansion'. This magnificent estate was designed by famed architect Richard Schmidt and completed in 1896. The steel and concrete structure is clad in an elegant baroque terra cotta tile and patinated copper roof. Exceeding 13,000 square feet, the main house features: 9 bedrooms; 6.3 baths; a grand foyer; a solarium; butler's pantry; wine bar; walk-in vault; game rooms; staff quarters; a mahogany paneled library; sprawling master suite with his and hers baths; and top floor ball room with unobstructed Lincoln Park and Lake Michigan views. Lovingly preserved and exquisitely finished with rich and exotic mahogany, cherry, and bird's eye maple woods, marble fireplaces and fixtures, intricate mosaic tile, ornate hardware, and glowing gold and silver leaf coffered ceilings. The property also includes a 2K+ sf coach house with ground floor storage and garage bays, and two residential units above. Take a 3D Virtual Tour! Bank of America Restrictions apply.

This listing originally appeared on realtor.com. For more information and photos, click here.

Photos via realtor.com

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