Photo credit: Cook County Tax Assesor
Famed R&B singer R. Kelly has his mansion on the market for sale.
It is listed as a short sale. This means that the mortgage on the
property is higher than the current asking price. So with a short-sale,
you are trying to convince a lender to accept less than what they are owed.
In this type of sale, the lender comes up short (hence short-sale).
R. Kelly originally paid about 3.5 million for this property back in the late 90s.
It is now listed at ‘only’ 1.56 million. That is more than 50% off the last
purchase price.
This 22,000 square foot mansion is located in Olympia Fields, IL.
It is about 40 miles south of downtown Chicago.
The next buyer will definitely be living like a Rock Star!
The home has 6 bedrooms, 8 full bathrooms and 6 half bathrooms.
It features a large chef kitchen and a jungle-themed indoor pool area
(think Amazon rain forest).
The house sits on 6 acres of land. It even has its own private lake.
It has an 8 car garage, and a full length basketball court and a tennis court.
The list of features goes on and on and on and…
The downside is the taxes. The taxes for 2009 were a whopping $173,149. (gulp)
However, I would recommend requesting a new assessment of the taxes
after you purchase this property.
CLICK HERE TO VIEW PHOTOS AND LISTING DETAILS
If anyone is interested in buying this luxurious mansion,
as your exclusive buyer’s agent, I can represent you for FREE! 
I can help you navigate the complex short-sale process.
I have a lot of experience with helping buyers purchase short-sales.
Please let me know if you have any questions.
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Disclaimer: The data relating to real estate for sale on this web site
comes in part from the Broker Reciprocity Program of Midwest Real
Estate Data.
This property is listed by: Century 21 Pro-Team.
The broker providing these data believes them to be correct,
but advises interested parties to confirm them before relying
on them in a purchase decision.
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Until the next time,
Mark Killion
Real Estate Broker
Century 21 Affiliated
5200 S. Harper Ave
Chicago, IL 60615
24 Hour Voice Mail: 312-242-1822
Send me a note!
Visit me online: www.773property.com
EQUAL HOUSING OPPORTUNITY
