## Jeremy Colliton‘s Lakeview Home Sale: A Deep Dive into Chicago Real Estate & Athlete Property Trends
The recent off-market sale of former Chicago Blackhawks head coach Jeremy Colliton’s Lakeview home for $1.708 million offers a engaging glimpse into the Chicago luxury real estate market, particularly as it relates to high-profile athletes. This transaction, involving a significant property with notable features, highlights current trends in property values, selling strategies, adn neighborhood preferences. this article will dissect the details of the sale, explore the broader context of athlete real estate in Chicago, and provide insights for both buyers and sellers.### Understanding the Property & Transaction Details
Colliton and his wife, Jennifer, sold their five-bedroom, 5,600-square-foot residence located on a quiet cul-de-sac in Lakeview. Built in 2008, the 11-room home boasts 4.5 bathrooms, three gas fireplaces, hardwood floors throughout, and dedicated spaces for work and leisure – including a third-floor office/media room and a lower-level playroom.Practical features like an attached, heated two-car garage, composite decking on three outdoor decks, and snow-melt systems for the driveway and front steps add to the property’s appeal.
Key property Facts:
- Address: Lakeview, Chicago, IL
- Size: 5,600 sq ft
- Bedrooms: 5
- Bathrooms: 4.5
- Year Built: 2008
- Original Purchase Price (2019): $1.635 million
- Final Sale Price (2024): $1.708 million
- Property Taxes (2023): $31,585
The Collitons initially purchased the property through a land trust in 2019 for $1.635 million. After listing the home in 2022 with an initial asking price of $1.725 million, they reduced it twice before removing the listing. The final sale occurred *off-market* in September 2024, suggesting a strategic approach to selling that bypassed the public listing process.
Did You Know? Off-market sales are becoming increasingly common in luxury real estate, offering sellers greater privacy and perhaps attracting qualified buyers through targeted networks.
### The Dynamics of Off-Market Real Estate Sales
The decision to sell off-market is often driven by a desire for discretion, particularly among high-profile individuals like athletes and coaches. This approach allows sellers to control who views the property and avoid the potential disruptions of open houses. It also suggests the Collitons likely had a network of potential buyers already identified.
Pro Tip: If you’re considering an off-market sale, work with an agent who has a strong network of qualified buyers and experience in discreet transactions. A targeted marketing strategy is crucial.
But why did it take time to sell? The initial listing price may have been slightly optimistic given market conditions. the fluctuating real estate landscape of the past few years, coupled with rising interest rates, can impact sale times. The eventual off-market sale indicates a accomplished negotiation and a buyer willing to meet the seller’s terms.
### Chicago Athlete Real Estate: Trends & Comparisons
The Lakeview neighborhood is a popular choice for professional athletes in Chicago, offering a balance of upscale living, proximity to entertainment, and relative privacy. Former Chicago Bulls forward Zach LaVine, for exmaple, previously owned a mansion nearby, selling it in 2021 for $3 million.He currently has a condominium listed for $6.9 million in the Near North Side. This demonstrates a pattern of athletes investing in high-value properties within the city.
According to a recent report by *Crain’s Chicago Business* (November 2023),the luxury real estate market in Chicago experienced a slight
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