In local celebrity real estate news, Smashing Pumpkins front man Billy Corgan has found a potential buyer for his Gold Coast condo. After four years on the market—ironically the average period of time any band member has ever lasted in the Pumpkins—the condo is now under contract for $2.85 million. The eccentric Pumpkins founder put his 3,700-square-foot vintage in-town condo on the market back in 2008 with an original sales price of $5.5 million dollars.
With his primary residence a $6.8 million dollar mansion situated just off Lake Michigan in Highland Park, Corgan has been attempting to unload his renovated full-floor Gold Coast condo at various asking prices ranging from the original $5.5 million to the selling price of $2.85 million.
Corgan’s real estate agent declined to speak on particulars of the sale outside of the fact that she anticipates the transaction to be completed in 30 days.
The Gold Coast condo, located within the famed Paterson-McCormick mansion, has elements designed by renowned architect David Adler. This six-room unit is equipped with two bedrooms, two-and-a-half baths, four wood-burning fireplaces, walnut parquet floors, a reception room, 10-foot-plus ceilings, a library, balcony, large terrace and deeded parking spot.
Now you may have missed out on your chance to live like a mid-90’s alternative rock god, but don’t let this missed opportunity allow you to slip into an infinite sadness (Pumpkins reference!). Dream Town Realty has several luxury properties that have recently come to the market, all of which will satisfy your inner-rock star.
Gold Coast Living
· 1540 N. Lake Shore Drive #12N is a 3,000-square-foot vintage condo within walking distance of North Avenue beach. This three bed/three bath prewar vintage unit combines traditional Gold Coast décor with the convenience of modern finishes. This completely renovated unit features beautiful millwork in the library with built-in shelves and paneled walls; limestone, marble and granite surface in the kitchen and bathrooms; hardwood floors throughout; and available parking.
· 1000 N. State #6 is a 4,200-square-foot townhome that feels like a single-family home. This four bed/three-and-a-half bath is located on the corner of Oak and State. This unit offers two-car parking, a private terrace (shared by 15 units), communal swimming pool, home office, 20-foot skylight, marble/granite floors, sauna and steam, and a private deck.