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Elite Street

Former Cub Carlos Zambrano takes hit on River Forest home

Pitcher loses more than $500,000 on 13-room house; former Smashing Pumpkins guitarist James Iha sells New York City co-op

By Bob Goldsborough, Special to the Tribune

March 28, 2013

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Former Chicago Cubs pitcher Carlos Zambrano took a major loss this week on his 13-room house in River Forest, selling it for $675,000.

That's far below his most recent asking price of $829,000. It's also considerably less than the $1.2 million Zambrano, whom the Cubs traded to the Miami Marlins in early 2012, paid for the house in 2006. Zambrano, 31, isn't affiliated with any major league team.

The six-bedroom, approximately 4,000-square-foot house has four full baths, a loft, a finished lower level with a large recreation room, a three-car garage and a sunken great room with a wall of windows and a vaulted ceiling.

In 2008, Zambrano paid $2.66 million for a six-bedroom, 6,700-square-foot house in the West Lakeview neighborhood. He listed that house last summer for $2.4 million, but he pulled it from the market in December.

Zambrano's listing agent, Jessica Rivera of Weichert, could not be reached for comment. Public records do not yet identify the buyer.

Iha sells NYC apartment for $1.25M

Former Smashing Pumpkins lead guitarist James Iha has sold his co-op apartment in Manhattan's East Village to author Kathryn Stockett for $1.25 million.

Iha, a Chicago-area native, bought the one-bedroom unit in 2000 for an undisclosed price. It sits in a small, vintage building that has had no shortage of star power through the years.

Actress Chloe Sevigny paid $1.2 million in 2005 for a one-bedroom unit in the building. She has it for sale for $1.85 million. And actress Parker Posey bought a three-room unit in the building in 2000 and sold it in 2008 for $1.31 million.

Iha's home, which has slightly more than 1,000 square feet, initially was listed as a $6,000-a-month rental. Features include one bath, two wood-burning fireplaces and original wide-plank floors.

Iha, now renting a place in Brooklyn, N.Y., continues to own a house on Chicago's Far North Side that he bought in 1994 for $260,000.