The three-story Greystone-style building on North Sheffield Avenue in Lakeview is one of the only multi-family homes on Wrigley Field’s right field wall not yet owned by a Chicago Cubs owner and is owned by 590 It’s on the market for $10,000. .
The four-unit building was historically known for its large sign on the roof for decades by ballpark fans and TV viewers.
After the Ricketts family purchased the Cubs in 2009, they acquired most of the buildings beyond the left field and right field walls of the ballpark, especially those with rooftop seating. However, two holdout properties (3627 and 3631 N. Sheffield) that historically overlooked the ballpark along the walls of Wrightfield continue to be owned by other entities.
The view of these two buildings changed after 2013 when the Cubs installed a large video screen with Budweiser’s signature above the right field bleachers. Still, the building at 3627 North Sheffield has bleachers above it.
A Greystone-style building at 3631 North Sheffield has hit the market for the first time in more than a century, according to Kelly Angelopoulos of Jameson Sotheby’s International Realty. For decades, the building was known not for its rooftop seating, but for its large rooftop Torco sign, first installed in 1941. In recent years, other advertisers have posted messages on building rooftop billboards.
Angelopoulos told Elite Street he “can’t speak” on whether the buyer will be able to get city approval to build bleachers on the roof of 3631 N. Sheffield.
Built around 1900, the 4,869-square-foot building has 12 bedrooms, 6 bathrooms, a marble entrance foyer, woodwork, a handcrafted wooden staircase with a skylight, and a rear wooden porch. Outside the 30 foot wide lot is his two car garage off the alley.
Its owner, Gregory Ozog, purchased the building for $720,000 in 2000. He first went public in June with his $8.3 million, but unsuccessfully tried to sell at that price. He lowered his asking price to his $7.5 million in July and his $7 million in August. Ozog then lowered the price of the building further to $5.9 million on Sept. 23.
The building was subject to a property tax of $47,657 for the 2020 tax year. However, the Cook County Assessor estimates the market value of the building at $1.68 million. That’s about 29% of the asking price. So a buyer at the asking price would expect the property tax on the building to be three times his.
Goldsborough is a freelance reporter.
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https://www.readingeagle.com/2022/10/31/greystone-style-building-facing-wrigley-field-one-of-the-few-not-already-owned-by-the-cubs-listed-for-5-9m/ One of the few Wrigley Field-facing Greystone-style buildings not yet owned by the Cubs is listed for $5.9 million – Leading Eagle