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Saturday, December 20, 2014

No Longer 'Satisfied' With His Chicago Mansion, Richard Marx Puts the Historic Home on the Market

Natalie Wise
ZILLOW

The ’80s music superstar modernized the property, which includes a recording studio and theater.


Singer-songwriter Richard Marx is listing his stunning Chicago mansion for $18 million.
A Chicago native, Marx — whose songs such as “Should’ve Known Better,” “Endless Summer Nights” and “Satisfied” were late-’80s pop hits — has called the historic mansion home since 1997, along with his former wife, Cynthia Rhodes. Marx and Rhodes ended their 25-year marriage earlier this year, and letting go of their long-time home may be part of the process.
The home is a star itself. Listed on the National Register of Historic Places, it was designed and built by David Adler in 1931 for meatpacking magnate Lester Armour and his wife Leola. The Armour family sold the mansion to a development company in the late-1970s, but not before it was used as a backdrop for the filming of Robert Altman’s movie “A Wedding.”
Georgian in style and sprawling in size, the positively royal mansion features 7 bedrooms, 8 full baths, 6 half baths, 19 fireplaces, a finished basement and a full home theater complete with red velvet curtains.
While it was originally part of a 75-acre property, the house now occupies 5 lakefront acres. A separate 8,000-square-foot studio was used as a recording studio, where Marx also penned songs for stars such as Keith Urban and the late Luther Vandross.
Marx purchased the property through a trust in 1997, paying $4.7 million. He has thoroughly modernized the home, though it retains all of its grand charm. It is currently the 4th-most expensive property for sale in Chicago. Trump Tower’s penthouse — listed for $32 million — tops the list, followed by a 15-room in Barrington Hills at $19.98 million and Timothy Mullen’s Lincoln Park mansion for $18.75 million.
Other pricey properties Chicago has seen include Michael Jordan’s home, originally priced at $29 million. Vince Vaughn’s triplex penthouse in the Palmolive Building also had a high listing price, though he kept his other townhome and is renting it out.  At the beginning of the year, Oprah was releasing some of her Chicago real estate, selling her townhouse for $7.9 million.
The listing for Marx’ home is held by Andra O’Neill of @properties
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