Daley’s Niece Makes Savvy Lincoln Park Deal
Relative of two Chicago mayors knows how to get the real estate she’s after
LIST $2.695 MILLION SALE $2.695 MILLION
Elizabeth Daley Ullem—the niece of one Chicago mayor (Richard M.) and the granddaughter of another (Richard J.)—and her husband, Scott, have sold the Lincoln Park house they bought in 2002 for $1.8 million. The Ullems got precisely what they were asking, though that had more to do with realistic pricing than family clout.
The Ullems listed the six-bedroom house at $3.5 million in May 2009, about eight months after Scott joined the Wisconsin-based packaging company Bemis as its vice president of finance. (Today he’s the CFO.) In June 2011, they dropped the price to $2.695 million. “It was a dollar amount that got a few people interested,” explains Emily Sachs Wong, the Koenig & Strey Real Living broker who sold the house. She says that after one potential buyer heard there was competition for the place and put in a full-price offer, a deal was made. The sale closed late last November. The buyer is not yet identified in public records, and the Ullems did not respond to a request for comment.
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Photograph: Todd Urban