Monday, April 26, 2010

NEWS: Obama Neighbors’ Home is Sold

Apr. 7—The next time the Obamas come back home to Chicago, they’ll have to stop next door with a plate of cookies and meet the new neighbors.

Seven months after it was put on the market, the home at 5040 S. Greenwood Ave., next door to the Obama’s home in Chicago’s Kenwood neighborhood, has sold for $1.4 million cash. The sale of the 17-room brick house closed Tuesday.

The sale has not yet been recorded and the buyers have chosen to remain anonymous, said listing agent Matt Garrison.

“They’re normal, organic Chicago buyers,” he said. “They probably would have preferred if the house was down the street instead of next door to the Obamas.”

Bill and Jacky Grimshaw, longtime owners of the home, listed it for sale last September for an unspecified price and in October affixed a $1.85 million price tag to it. The home will undergo a gut rehab, Garrison said.

Mary Ellen Podmolik, Chicago Tribune April 7, 2010

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