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Wilmette home sells for $7 million, again

A two-story, 4,934-square-foot house on Lake Michigan in Wilmette sold on Dec. 31 for $7 million.

It was the second time in the past nine months that the 14-room house on Michigan Avenue has sold, and both times the transaction amount was for $7 million.

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At the end of March, a land trust whose beneficiary could not be determined paid $7 million for the five-bedroom house, which was built in 1952 and sits on about six-tenths of an acre on the lake. Then, on Dec. 31, the house was publicly listed with a $7 million asking price but also was marked in the real estate multiple listing service as having sold that same day for that exact asking price — indicating that a deal likely was struck with a buyer before the house ever was publicly listed.

Public records do not yet identify the buyer. However, that block in Wilmette has become increasingly popular for high-priced residential deals. The two $7 million sales of the lakefront house have been the highest-priced residential sales in Wilmette since former CNA Chairman and CEO Dennis Chookaszian and his wife paid $7.25 million in 2007 for a home several doors down.

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And a different land trust whose beneficiary could not be determined paid some $11 million in the past 18 months for two other houses on that block, forking over $6.2 million in January 2015 for a six-bedroom, 6,577-square-foot house and $4.8 million in October 2014 for a three-bedroom, mid-century house on a 0.87-acre property. The smaller home currently is on the market for $4.995 million.

Jena Radnay of @properties represented both the buyer and the seller in the Dec. 31 transaction.

Bob Goldsborough is a freelance reporter.

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