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Hedge fund founder bulks up Kenilworth investment, buys adjacent mansion for $2 million

Dmitry Balyasny, the founder and chief investment officer of Chicago-based hedge fund Balyasny Asset Management, earlier this month paid $2.025 million to expand his spread on Lake Michigan in Kenilworth.

In 2014, Balyasny paid $6.2 million for a four-bedroom, 4,249-square-foot Colonial Revival-style house on a 0.91-acre, lakefront parcel on a private lane. Now, he has added to his property by paying $2.025 million through a land trust on Aug. 1 to buy a 4,000-square-foot house lying between his previous purchase and Sheridan Road.

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Built in 1964 and designed by architect Jerome Cerny, the house he just bought has a large foyer, a curved staircase, 10-foot ceilings, a kitchen designed by de Giulio Kitchen Design, a family room with a fireplace and a wet bar, a master suite with a new bath, two second-floor balconies and a lower level with a playroom and a workout room. Outside on the half-acre parcel are a circular driveway, a wraparound bluestone patio and a formal crushed gravel courtyard.

According to Kenilworth village records, Balyasny is proposing an addition to the house he purchased in 2014. He also is proposing to resubdivide his combined properties.

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Via email, Balyasny on Sunday declined to comment.

Bob Goldsborough is a freelance reporter.



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