The owner of a Wrigley Field rooftop business acquired a neighboring property with a rooftop venue at a bankruptcy auction for $4.8 million.I never have understood why people think sitting over there is better than being at the game. You are 450 feet from home plate, may as well watch the game on TV. $4.8 million? Holy Cow! And you're stuck watching the Cubs. Just more evidence that Cubs fans are damaged in the head.
A bankruptcy judge Tuesday approved the sale of the building that houses the Lakeview Baseball Club, 3633 N. Sheffield Ave., to a company affiliated with Mark Schlenker, who owns Brixen Ivy beyond the left-field wall on Waveland Avenue.
The deal is expected to close next week, said the trustee, Chicago lawyer Rick Fogel.
The owners of the Lakeview Baseball Club put the building in bankruptcy in August to prevent the sale of the property in a foreclosure auction. The owners are members of the Racky family.
The Rackys' bank, Orland Park-based First Personal Bank had originally filed a foreclosure suit in 2010, alleging that the owners had fallen behind on a $3 million mortgage on the three-story property. The bank received a foreclosure judgment last year.
Wednesday, January 25, 2012
Waveland Avenue Property To Sell For $4.8 Million
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