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The Greystone-style building overlooking Wrigley Field is listed for $5.9 million

A three-story Greystone-style building on North Sheffield Avenue in Lakeview that is one of the few apartment buildings fronting the right-field wall of Wrigley Field not yet in the hands of Chicago Cubs owners is on the market for 5.9 million dollars. .

The four-apartment building has historically been known for its large rooftop billboard, which has been easily spotted by stadium fans and television viewers for decades.

After the Ricketts family purchased the Cubs in 2009, they went on a shopping spree, purchasing most of the buildings behind the left and right field walls, especially those with rooftop seating. However, along the right field wall, the two properties that historically overlooked the field, at 3627 and 3631 N. Sheffield, continue to be owned by other entities.

The appearance of these two buildings changed after 2013, when the Cubs installed a large video screen with Budweiser lettering above the right field bleachers, thus blocking the view of the field from the rooftops of the buildings at 3627 and 3631 N. Sheffield. Even so, the building at 3627 N. Sheffield has bleachers on top.

Now, the Greystone-style building at 3631 N. Sheffield is on the market for the first time in more than a century, according to the listing agent, Kelly Angelopoulos of Jameson Sotheby’s International Realty. For decades, the building was known not for its rooftop seating, but for the large Torco rooftop sign, which was first placed on the roof in 1941. In recent years, other advertisers have posted their messages on a billboard on the building’s roof.

Angelopoulos told Elite Street that she “can’t say” whether a buyer can get city approval to build bleachers on the roof of 3631 N. Sheffield, which would rise high enough to see over the Budweiser sign.

The 4,869-square-foot home, built around 1900, has 12 bedrooms, six bathrooms, a marble foyer, millwork, a hand-crafted wooden staircase with a skylight and a wooden back porch. Outside, the 30ft wide lot has a two car garage off the driveway.

Its owner, Gregory Ozog, bought the building in 2000 for $720,000. He first listed it in June for $8.3 million, but tried to sell it at that price. He lowered the asking price to $7.5 million in July and $7 million in August. On Sept. 23, Ozog further reduced the building’s value to $5.9 million.

In the 2020 tax year, the building had a property tax bill of $47,657. However, the Cook County assessor pegs the building’s market value at $1.68 million, about 29 percent of the asking price. Therefore, a buyer at the asking price is expected to triple the property tax on the building.

Goldsboro is a freelance reporter.

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