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Cubs exec Hoyer buys Ravenswood mansion

Jed Hoyer and 4431 North Hermitage Avenue (Credit: Compass)

Jed Hoyer and 4431 North Hermitage Avenue (Credit: Compass)

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’Brien

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