Chicago's $5.2M lakeside mansion to be demolished for financial reasons; new owner plans development.

A $5.2M lakeside mansion in Chicago, IL is to be demolished due to owners' financial issues. Unsuccessful in renting it via Airbnb, a new owner plans to build a new structure on the site, with urban explorers documenting the opulent property before its destruction. The prime location near Lake Michigan makes the site valuable for development.

August 11, 2024
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