By Bob Goldsborough, Special to the Tribune
November 22, 2012
K-Hits 104.3 morning co-host Ed Volkman has listed his four-bedroom condominium unit on Lake Shore Drive for slightly less than $2 million.
Known as half of the popular "Eddie and JoBo" morning radio team that was on the air for two decades at WBBM-FM, Volkman, 56, now works with his on-air partner, Joe Bohannon, at WJMK-FM.
On Nov. 9, Volkman listed his 26th-floor unit for $1,999,999. He paid $1,513,500 for it in 2004.
Volkman said family considerations are prompting him to sell.
"We have a 1-year-old baby and we think a move to the suburbs would be the best idea now," Volkman told Elite Street in a text message.
Features in the seven-room, 3,400-square-foot unit include 31/2 marble baths, a Jacuzzi in the master suite, a fireplace, two balconies and custom plantation shutters throughout.
"It's a gorgeous unit and a rare find," said Volkman's listing agent, Ornit Mandell of S&L Management. "There are very few units like that with four bedrooms and 3 1/2 baths. There are just four units like it in that building. It's in a great location too."
If Volkman sells his condo and moves, he no longer would be a neighbor to his morning co-host Bohannon, who paid $709,500 in 2003 for a unit three floors below Volkman's.
Crain's Chicago Business first reported on Volkman's listing.
Expensive condo sale to mystery buyer: On Nov. 16, a nine-room, 66th-floor condominium unit in Park Tower sold in a private transaction for $15 million, according to the real estate multiple listing service.
The 7,900-square-foot unit, owned by hedge fund manager Richard Cooper's Cooperfund, never was publicly listed. It was placed into the real estate MLS at the exact time that a buyer, who is not identified in public records, was found.
Features in the three-bedroom unit include four full baths, five half-baths, 16-foot ceilings, a private terrace space measuring 44 by 15 feet, and three garage spaces in the building. Cooper purchased the unit as raw space in 2000 for $3.32 million.
Chezi Rafaeli of Coldwell Banker represented the buyer and the seller. He declined to comment on the buyer's identity.
The sale surpasses actor Vince Vaughn's $12 million purchase in 2006 of a triplex penthouse in the Palmolive Building, which he has available for $16.75 million.
The most expensive condo ever listed in Chicago is the current $32 million listing for the penthouse unit in the Trump International Hotel & Tower.
Chicago's other high-priced condo sales are financier James Crown's $10.1 million purchase in 2002 of a duplex in an eight-story luxury Gold Coast condo building; chewing gum heir Bill Wrigley's $9.13 million purchase that same year of a full floor atop the same building; Tampa Bay Buccaneers co-chairman Bryan Glazer's $8.61 million purchase in 2010 of a 53rd-floor condo unit at the Elysian Private Residences Tower; options trader Igor Chernomzav's $8.18 million purchase in 2010 of a full-floor, 6,432-square-foot unit in the Elysian; and commodities trader Jeff Silverman's $7.2 million purchase last year of a top-floor condo unit in a Gold Coast tower.
Chicago magazine first reported on the $15 million condo sale.
Corno builds in Naperville: Comcast SportsNet Chicago President Jim Corno Sr. has paid $2.07 million for a newly built house in Naperville.
In an interview, Corno, 65, told Elite Street that he and his wife had the home built to their specifications.
"My wife designed the house, and we thought our builder was terrific," he said. "He did a great job. We really like Naperville."
Corno closed on the purchase Oct. 11. Because the Cornos built the house, there were no details available on the house in public records.
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