Chicago Cubs front-office executive Jed Hoyer traded up on the North Side, picking up a 7,500-square-foot Ravenswood mansion after listing his relatively smaller Lincoln Park home.
Hoyer, executive vice president and general manager of the team, and his wife, Merrill, bought the six-bedroom home at 4431 North Hermitage Avenue last month for $3.1 million, according to the Chicago Tribune.
The Hoyers financed the purchase with a nearly $2.5 million loan from Wintrust Mortgage, according to Cook County property records.
The sellers were Tyler and Victoria Ginn, who bought the home for $2.9 million in 2012, according to county records. Tyler Ginn is a managing director at Mizuho Securities in Chicago, according to LinkedIn.
The Hoyers last month listed their 5,300-square-foot home at 2436 North Orchard Street in Lincoln Park for $2.5 million, and the Tribune reported it’s now under contract.
Jeff Lowe of Compass represented both the Hoyers and the Ginns. [Chicago Tribune] — John O’BrienRecommend0 recommendationsPublished in