Chicago Cubs owner Tom Ricketts sold his home last Thursday for $2.5 million.
Mr. Ricketts, 55, and his wife, Cecelia, purchased the Wilmette, Illinois, mansion, a 5,500- square-foot, eight-bedroom home in 2004 for $1 million, according to listing records. The Colonial Revival-style property was built in 1924 on just over a 0.57-acre plot of land.
Paul Gorney of Coldwell Banker, who brokered the sale, didn’t immediately respond to a request for comment. Public records do not yet identify the buyer.
The home was listed and sold simultaneously, suggesting an off-market deal.
According to the Chicago Tribune, which first reported the sale, Mr. and Mrs. Ricketts paid $7 million for a separate lakeside property in Wilmette. Then, they demolished the existing property and began construction of their new mansion. Robert A.M. Stern, a renowned classical architect whose projects include 15 Central Park West, a college at Yale, and various residential mansions across the U.S., is building the new home on that site with an estimated construction cost of $10.74 million.
Mr. Ricketts bought the Cubs in 2009 for $900 million. The Chicago Tribune reported that Mr. Ricketts is interested in buying the Italian soccer club AC Milan, currently valued at $612 million, according to Forbes. The Chicago Cubs’ front office could not be reached for comment on behalf of Mr. Ricketts.
Mr. Ricketts’ father, J. Joseph Ricketts, is the founder of Ameritrade and is estimated to have a net worth of $2.1 billion, according to Forbes.
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