“Our plans are to restore this historic home, protecting the craftsmanship and invaluable historical details,” said J. Michael Whitted in a text message, “while updating it with modern conveniences so that a family can enjoy it. ‘today can take advantage of it. ”
Built in 1914 on what is now the interior of Lake Shore Drive, the part that will not be renamed to Jean Baptiste Point Du Sable, the mansion “offers uninterrupted and uninterrupted views of Lake Michigan,” Whitted said via SMS . He is the Chicago-based senior vice president of corporate development for Hillenbrand, a Southeast Indiana company that began making coffins in 1906 and now has a group of manufacturing companies.
By the time the mansion contracted with the Whitted, the asking price had been reduced to $ 5.75 million.
Crystal Tran, the Berkshire Hathaway HomeServices agent who represented the mansion, said “we are delighted with the outcome” but declined to comment on the $ 12 million difference between the original asking price and the sale price. Max Downham, executive director of the International College of Surgeons, did not immediately respond to a request for comment.
The Whitted were not represented by a real estate agent.
Max Downham, executive director of the International College of Surgeons, and Nick Rebel, executive director of the college’s American section, confirmed the sale in a statement to Crain’s.
Downham said on a phone call that he felt the sale price “was a win-win for us and for the buyer” and that when the mansion first hit the market “we may have started with a price too high “. He said he was happy to see the building return to residential use.