Vintage Gold Coast condo once owned by Billy Corgan sells for $2.8 million - Chicago Tribune

2022-03-10 08:31:21 By : Ms. Smile Wei

A two-bedroom, 3,700-square-foot vintage condominium unit in the Gold Coast that rocker and Smashing Pumpkins founder Billy Corgan had owned from 2002 until 2013 sold Jan. 10 for its $2.795 million asking price.

The condo unit makes up the entire second floor of the historic Patterson-McCormick Mansion on North Astor Street. Built in the early 1890s and designed by architect Stanford White, the mansion reportedly was a wedding gift from Chicago Tribune editor-in-chief Joseph Medill to his daughter, Elinor, and her husband, Robert Patterson. It then was expanded in the late 1920s with a large, David Adler-designed addition.

The mansion was divided into nine grand condominiums in 1978. Corgan, whose primary residence since 2003 has been a lakefront mansion in Highland Park, paid $2.95 million for his Patterson-McCormick unit in 2002 and sold it at a loss for $2.5 million in 2013.

Now, the unit has changed hands again. Seller Roger McEniry, who bought the unit from Corgan, sold it to Keysite Capital co-CEO Bruce Bruene and his wife, Mary, according to public records.

The unit was first listed June 21. It has 2½ baths, 11- to 13-foot ceilings, wood paneling with original moldings and trim, four wood-burning fireplaces with Portoro gold marble and inlaid onyx details, original mantels, herringbone wood floors throughout, two private terraces and a kitchen with Wolf, Viking, Sub-Zero and Miele appliances.

Emily Sachs Wong, who represented the buyers, declined to comment on their identity but characterized the condo as “truly an outstanding unit that was in perfect vintage condition.”

“It couldn’t be a more gorgeous apartment, truly,” she said.

Although some vintage residential real estate has struggled to hold its value, Wong said that this unit had done so because it is “classic perfection … not heavy.”

“It’s timeless Gold Coast elegance that spans well beyond the trends,” Wong added.

Meanwhile, another former residence of Corgan’s, the seven-bedroom, 5,750-square-foot Victorian painted lady-style house near the Southport Corridor in West Lakeview, remains on the market for $1.99 million. That home first was listed last May for $2.295 million. Corgan owned that home from 1993 until he sold it in 2001 for exactly $1 million.

Bob Goldsborough is a freelance reporter.