After sitting on the market for more than a year, a Lincoln Park townhouse built for a Titanic survivor has dropped more than $3 million in price and attracted a new listing agent.
The property has been split into two units that were originally listed for $7.65 million and $5.65 million for all of 2021, respectively, and together for a combined $11.5 million in summer 2022. Now, the units are currently for sale for just under $10 million for one property, and for buyers who may need even less space, there are also two separate properties for $5.9 million and $3.9 million.
As previously reported, Titanic survivor Emily Ryerson commissioned architects Henry Corwith Dangler and David Adler to design the North Lakes 2700 King Avenue to build this 11,600 square foot home. It was completed in 1917 as a residence.
This home is now listing Dawn McKenna and Caitlin Skogsbergh from Coldwell Banker Realty, neither of which responded to requests for comment. Wendy Berg of Baird & Warner was the former listing agent for the properties.
Thursday’s price cuts mean the challenge of selling a unique property at ultra-luxury prices that is neither a standard apartment with amenities nor a single-family home.
The Ryerson Building is one of several Georgian rowhouses that Adler and Tangler designed near their property at 2700 North Lakeview Drive.
Ryerson was an American who survived the sinking of the Titanic on April 15, 1912. She and her three children, Suzette, Emily and John, escaped safely, but her husband Arthur was killed in the accident.
The mansion, which has not been a residential property since 1946, has housed a drug addiction recovery and mental health facility called Thresholds since 1975. While much of the interior is divided into dormitory-style cubbies, the living room is also used as a basketball court and many features have withstood the wear and tear of the years.
Both housing units on the property have been refurbished, one with new finishes and a modern design and the other with much of the original design. The four-storey building has one unit each on the first two floors and one each on the third and fourth floors.
The 6,500-square-foot lower has five bedrooms and four bathrooms and includes a grand foyer with marble coffered floors and restored columns, as well as a three-car garage, two mudrooms, and a large family room.
The upper unit is 5,200 square feet and features four bedrooms, three bathrooms, a 2.5-car heated garage, and an 800-square-foot patio.
