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Al Capone family home in Chicago sells for $226,000 — double the asking price

Al Capone moved into the two-flat with his mother and sister in 1923 after moving to Chicago from New York.

This 2007 file photo shows the house where Prohibition-era gangster Al Capone lived for several years with his family on the Southside of Chicago. After being on the market for several years, listing agent Ryan Smith says, the 2,820-square-foot building in the city's Park Manor neighborhood sold for more than twice the $109,900 asking price.
This 2007 file photo shows the house where Prohibition-era gangster Al Capone lived for several years with his family on the Southside of Chicago. After being on the market for several years, listing agent Ryan Smith says, the 2,820-square-foot building in the city's Park Manor neighborhood sold for more than twice the $109,900 asking price.Read moreCharles Rex Arbogast / AP
    by Bob Goldsborough, Chicago Tribune
    Published 

The red brick two-flat in Chicago’s South Side Park Manor neighborhood that legendary mobster Al Capone once lived in sold April 5 for $226,000.

The 2,820-square-foot two-flat at 7244 S. Prairie Ave., with an apartment on each floor, sold for more than double its $109,900 asking price.

“We had like 80 offers on it,” listing agent Ryan Smith of RE/MAX Properties said. “We had a lot of press on it, so I think that helped it out.”

Capone moved into the two-flat with his mother and sister in 1923 after moving to Chicago from New York. Although Capone’s name was never actually on the purchase deed, his mother’s and wife’s names were on it, and the family owned the two-flat until the 1950s, when his mother died. After Capone got out of prison in 1939, he lived in Florida until his death in 1947.

Built about 1909, the two-flat, which sits on an extra-wide lot, has had several owners since the Capones, and in 1989, the Commission on Chicago Landmarks and the Illinois Historic Sites Advisory Council both rejected bids to make the house an official landmark.

A previous owner listed it in 2009 for $450,000 and later for $300,000, $250,000, $225,000 and $179,900 before taking it off the market in 2016. In November, it sold out of foreclosure to a subsidiary of Goldman Sachs called MTGLQ Investors LP. Public records do not yet identify the buyers.

“I have no idea what the buyers want to do with it,” Smith said.

The seller first listed the two-flat in February. It has six bedrooms, hardwood floors, wood trim and molding, and large, octagonal living rooms in each unit.

“It needs to be modernized to today’s standards,” Smith said.