1907 Lakefront Mansion On Sheridan Road Listed For $6.75 Million

KENILWORTH, IL — A 112-year-old lakefront mansion in the Classical Revival style was listed Monday for $6.75 million by a regional banking chairman and his family. It enters the market as the fourth-most expensive residential listing in Kenilworth. Were it to sell for its asking price, it would become the most expensive suburban home sale of the year and the priciest in the village for more than a decade.

The Sheridan Road home was built in 1907 by Paul Starrett, according to listing agent Mary Grant. Starrett, a former Kenilworth resident and Lake Forest Academy graduate, began his career working for influential Chicago architect Daniel Burham, including on a landmark 1893 Kenilworth home. He later went on to oversee the construction of the Empire State Building, Plaza Hotel, the Flatiron and the original Penn Station in New York City, as well as the Lincoln Memorial in Washington, DC.

The three-story home has five bedrooms and more than 5,100 square feet of aboveground living space on a nearly half-acre lot, according to property records. The home has a secret bookcase door, bay window seats and a sitting room opening onto an upstairs deck overlooking a manicured lawn and terraced bluff, its listing said. A path leads down to a stretch of about 100 feet of private lakefront, with a recently designed boathouse.

The 11-room house includes four fireplaces, a two-car attached garage, five full and one half bathroom, gourmet kitchen and a finished attic.

"The lawn is perfect for a game of croquet or for a memorable celebration under a tent," according to the home's listing.

The property has a 2018 estimated market value for taxing purposes of $3.9 million, according to the Cook County Assessor's Office.

It was last purchased through a trust in September 2008 for $6 million by Mary Glerum and her spouse, James, according to public records. According to Bloomberg, James Glerum is the North America regional banking chairman for Citigroup, Inc.

According to the Kenilworth Historical Society, Starrett built several other historic homes in town, including the 1893 Burnham-designed Root-Badger House at 326 Essex St., which was added to the National Register of Historic Places in 1992. That home last sold for $3.23 million to a Bahamas-based LLC after its previous owner was convicted of fraud. With an estimated market value below $2 million and a listing price of $7.75 million, the home has remained unsold for the past three years.

Only two houses on the market are listed for higher asking prices. Both of those — 513 Sheridan Road listed at $13.75 million and 233 Sheridan Road, listed for $9.275 million — are new constructions built by the Birov family of developers. The modern home at 513 Sheridan was purchased last year for $5.85 million, briefly listed for nearly $9 million and later demolished.

No Kenilworth home has sold for more than $6 million since August 2014, and the record for the town was set in 2008, when a 2.2-acre property on Devonshire Lane changed hands for $9.7 million, according to Crain's Chicago Business, which first reported the listing, citing Midwest Real Estate Data.

So far this year, the most expensive suburban home sale was a blufftop Tony Grunsfeld design on Shoreline Court in Glencoe, which sold in April for $5.15 million.

• Address: 219 Sheridan Rd, Kenilworth, Illinois
• Asking Price: $6.75 million on June 17
• Built: 1907
• Lot Size: 0.48 acres
• Square Feet: 5,155
• Bedrooms: 5
• Bathrooms: 5 full, 1 half

Listing information via realtor.com. For more information and photos, click here.