Theo Epstein, former Chicago Cubs president, sells his Lakeview home for $3.75 million

Former Chicago Cubs president of baseball operations Theo Epstein and his wife, Marie, publicly put their six-bedroom, 7,000-square-foot brick and limestone mansion in Lakeview on the market Monday for $3.75 million.

Epstein, now a consultant for Major League Baseball, 48, oversaw the Cubs’ baseball operations from 2011 until he resigned in November. Among his accomplishments was leading the team to the 2016 World Series title.

In Lakeview, Epstein and his wife paid $3.25 million in late 2011 for the house, which was newly built at the time. In buying the house, the Epsteins outbid then-Chicago Blackhawks star Patrick Sharp.

Now, with Epstein’s time with the Cubs, he and his wife have put their house on the market. On Sept. 1, the couple put the house up for sale for the first time for $3.6 million through the real estate agent’s private listing network, and the house was briefly under contract. After that deal fell through, the Epsteins and listing agent Jeff Lowe of Compass decided to list the mansion publicly at a higher asking price of $3.75 million.

Lowe declined to comment on the deal that fell through or the identities of his clients. However, he told Elite Street that the reason for the higher sale price is because while the mansion was listed on the private listing network, buyer traffic was very heavy. In addition, he said, he subsequently learned of a comparable off-market home value that he had not previously been aware of. Those two data points prompted Lowe and his clients to revise the asking price.

Located on an extra wide 37.5 foot lot, the home has five full baths, two half baths, millwork and built-ins, high ceilings, a living room with a custom limestone fireplace, a curved staircase with a skylight and a kitchen with a marble island, a pantry, and commercial-grade appliances, including an espresso machine, two dishwashers, and a separate beverage refrigerator.

Other features include a great room with high ceilings, a patio, and an en-suite master bedroom with floor-to-ceiling windows, a fireplace, two walk-in closets, a wet bar, and a marble bathroom with separate vanities, a steam shower, and a separate bath tub. The home also features a great room, an attached four-car garage with a roof deck and lower level with radiant heating, a theater room, an oversized bar, and an additional rec room with built-ins.

The home had a property tax bill of $41,497 in tax year 2020.

Bob Goldsborough is a freelance reporter.

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