William Foote, the CEO of the Chicago-based building-products company USG, has sold his 130-year-old farmhouse in Geneva. Situated in a picturesque neighborhood of estate homes, the Kane County property includes a new two-story coach house with a 440-square-foot great room, an upstairs apartment, and space for three cars.
Foote bought the house in 1990 and over the next decade and a half “rebuilt it totally,” says Jamie Daniel, the Miscella Real Estate agent who sold the house in June for Foote and his wife, Kari. They listed the place in October 2007 with a $1.95-million price tag; they later dropped it to $1.65 million. Daniel says the house was once home to two sisters of Nelle Wright Fabyan, who, with her husband, the textile executive George Fabyan, owned a 350-acre estate nearby, along the Fox River.
Foote has been with USG, a Fortune 500 company with headquarters in the Loop, since 1984; he became the company’s CEO in 1996. He declined to be interviewed for this article. At presstime, the buyers were not yet identified in public records.
Photograph: Chris Guillen
2 weeks ago