IndyCar: Bobby Rahal sells Lincoln Park mansion for $3.9M
Former race car driver and race team owner Bobby Rahal on Monday sold his seven-bedroom, 7,000-square-foot mansion in Lincoln Park in Chicago for $3.9 million.
A Glen Ellyn native, Rahal, 68, won the 1986 Indianapolis 500 and now co-owns the Rahal Letterman Lanigan Racing team, with talk show host David Letterman and businessman Mike Lanigan.
Rahal took a loss on the Lincoln Park mansion, which he purchased for $3.99 million in 2014. Built in 2007, the mansion has seven bathrooms, five fireplaces, four wet bars and a kitchen with a Wolf range, a copper hood, side-by-side Sub-Zero refrigerators, four freezer drawers, two dishwashers and a butler’s pantry. Other features include crown moldings, cove ceilings, custom built-ins, a sound system with Crestron wiring, a primary bedroom suite with a brand new Christopher Peacock bathroom, a five-stop elevator and an attached and heated three-car garage.
Outside on the property are an outdoor kitchen and grill, stone pavers and several roof decks.
Rahal first listed the mansion for $5 million in 2018 and then cut his asking price to $4.95 million in 2019. He then took it off the market before relisting it in April for $4.6 million. He made one final price cut to $4.48 million in May.
The mansion had a $53,798 property tax bill in the 2020 tax year. Chicago Tribune