Lincoln Park Home Sells for $10.6M

A home in Lincoln Park notched second priciest sale of the year despite a $2 million price cut to get the deal across the finish line.

The property, at 1956 N Orchard Street in Lincoln Park, has seven bedrooms and eight bathrooms, according to its listing.

The 11,000-square-foot property had several renovations and additions completed in 2020, and includes a side yard, three-story staircase atrium, mud room, pet shower, two kitchens, two laundry rooms, a home gym, outdoor half basketball court, an attached three-car heated garage with roof deck and a separate two-car detached garage.

The home is owned by Jennifer Dicke Prewitt and her husband, Andrew Prewitt, according to the Chicago Tribune. Dicke Prewitt is the daughter of James F. Dicke II, the chairman and CEO of Ohio-based Crown Equipment Corp. The couple purchased the property in 2012 for $5.3 million.

It was built in 2001 by its previous owner and was, like several other Lincoln Park mansions, built on three combined city lots.

Suzanne Gignilliat with @properties Christie’s International Real Estate, represented the sellers and declined to comment. Sharyl Mackey with Baird & Warner represented the buyers, who are not yet identified in public records. Mackey did not respond to a request for comment.

The sale follows a similar pattern as other top sales across the city: despite a high closing price, the sellers had to cut a deal to walk away from the property. Originally listed for $12.5 million, the final sale price represents a nearly $2 million price cut, or 15 percent decrease.

The only home to sell for a higher price this year was Ken Griffin’s condo at Park Tower, one of several that the former richest resident of Illinois is unloading after he moved his company to Miami. He sold the 66th-floor, 8,000-square-foot condo at the Park Tower on Michigan Avenue for $11.2 million, after spending $15 million on it in 2012.